Muhan Hydropower Limited has called its Annual General Meeting on Bhadra 20 to approve its upcoming Initial Public Offering for general public.
The board of directors meeting held on Shrawan 29 took the decision to hold this AGM. In the meeting, the main agenda is to approve the proposal of issuing IPO to public and to give all authority to the board of directors to complete the related works.
Equity Investment and Future Expansion
Beside the IPO, company is also planning to approve the equity investments they made in other projects. The AGM will also give authority to the board of directors for making further equity investments in the future.
Merger and Acquisition Plans
Muhan Hydropower has also hinted that they might go for merger or acquisition with other hydropower companies. The meeting will discuss on giving authority to the board of directors so they can carry out necessary processes for this.
Other Key Agendas
The AGM will also select the board of directors and fix their facilities and salary. Furthermore, the meeting will pass the annual report and financial statements of fiscal year 2082/83, and appoint the auditor for current fiscal year along with fixing their salary.
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.
