Menchhiyam Hydropower Limited has announced a Special General Meeting (SGM) to approve key corporate decisions, including a major rights share issuance. The decision was made during a recent board meeting held on Friday.
The SGM is scheduled to be held on Baisakh 20, 2083, at 9:30 AM at the company’s registered office in Maharajgunj, Kathmandu. The primary agenda of the meeting is to approve the issuance of rights shares in a 1:1 ratio (100%) based on the company’s existing paid-up capital.
In addition, the meeting will also endorse the board’s decision regarding the utilization of funds to be raised from the rights share issuance. The shareholders will further consider a proposal to authorize the Board of Directors to make necessary amendments or changes to the approved proposals if required by regulatory authorities during the approval process.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
