Rapti Hydro and General Construction Limited has called a special general meeting on Ashoj 28 to propose and approve the issuance of right shares to its shareholders.
The board of directors of the company decided on Ashoj 12 to hold this meeting at Himshikhar Party Venue, Chapagaun, Lalitpur, at 9 AM. The main agenda for the meeting is to discuss and approve the issuance of right shares in the ratio of 1:0.251411. This means the company is planning to issue 30 lakh 81 thousand 262 units of shares.
Details on Share Issuance
The total value of these right shares will be 30 crore 81 lakh 26 thousand 200 rupees. While the Electricity Regulatory Commission had actually approved a slightly different amount of 30 crore 81 lakh 26 thousand 245 rupees and 34 paisa, the company adjusted the total number of shares to the nearest whole unit to make calculation easy. During the meeting, the company will also propose changes to its Memorandum of Association and Articles of Association to adjust its issued capital accordingly.
Authorization and Meeting Participation
The company will also give the board of directors full authority to make any necessary changes or adjustments to the company rules if the regulators suggest it or if any problem comes up during the process. For this special meeting, the company has decided to close its share registration book for one day on Ashoj 20. Shareholders who have shares in their name in the NEPSE system by Ashoj 19 and get their shares transferred within seven working days are eligible to join the meeting.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
