Eastern Hydropower's 10th AGM on Ashwin 29, Proposal to Issue 87.10 Percent Rights Shares
Eastern Hydropower has called its 10th Annual General Meeting on Ashwin 29 in Kathmandu. The main agenda includes passing a special resolution to issue rights shares at a ratio of 1:0.871, i.e., 87.10 percent of the current paid-up capital. The meeting will also approve the annual report, appoint an auditor, and amend the memorandum and articles of association regarding the change of the company's registered address.
Kathmandu — Eastern Hydropower has called its 10th Annual General Meeting. The meeting of the company's board of directors decided to hold the AGM on Ashwin 29. The meeting will begin at 11 AM at Hotel Hardik in Bagbazar, Kathmandu.
The main agenda of the meeting is the proposal to issue rights shares. The meeting will pass a special resolution to issue rights shares at a ratio of 1:0.871 of the company's current paid-up capital, i.e., 87.10 percent.
Similarly, the meeting will also approve another special resolution to amend the memorandum and articles of association due to the change in the address of the company's registered office.
The meeting will approve the annual and auditor's report for the last fiscal year 2082/83, as well as pass a proposal for the appointment of an auditor and determination of their remuneration for the current fiscal year 2083/84.
For the purpose of the meeting, the company has decided to close the books on Ashwin 21. This means that only shareholders on record before Ashwin 21 will be eligible to participate in the company's meeting.