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Ridge Line Energy Limited Convenes 5th AGM on Kartik 17
Ridge Line Energy Limited (RLEL) has scheduled its 5th Annual General Meeting for Kartik 17, 2083, at Kupondole Banquet, Lalitpur. The agenda includes approval of financial reports, a 10.52% cash dividend, establishment of a subsidiary, and transfer of a hydropower survey license.
October 1, 20261 min read2 views
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Ridge Line Energy Limited (RLEL) has announced that its 5th Annual General Meeting (AGM) will be held on 17th Kartik, 2083, at Kupondole Banquet, Lalitpur, starting at 10:00 AM.
The AGM will address the following agenda items:
- Endorsement of financial reports for the fiscal year 2082/83.
- Endorsement of the auditor's report, including PL statements, financial reports, and cash flow reports.
- Appointment of the auditor for the fiscal year 2083/84.
- Approval of a 10.52% cash dividend (including tax) amounting to Rs. 12.47 Crores from the paid-up capital of Rs. 1.18 Arba.
- Approval of the decision made by the 121st Board of Directors’ meeting to establish a subsidiary company.
- Election of one director representing public shareholders.
- Approval of expenditure incurred under Corporate Social Responsibility (CSR) during FY 2082/83.
- Approval of meaningful transactions and related expenses.
- Approval of the corporate guarantee provided to Rastriya Banijya Bank Limited for the loan/credit facility of Doodhpokhari Chepe Hydropower Limited.
- Approval of the transfer or sale of the electricity generation survey license of the Maiwa Khola Hydropower Project (12.504 MW).