Arun Valley Hydropower Calls Out SGM with Right Issue Proposal

Jun 05, 2023 12:18 PM Merolagani

Arun Valley Hydropower Development Company (AHPC) has called out special general meeting (SGM) on June 22 in Maitri Hall, Indreni Complex, New Baneshwor, Kathmandu at 11 am.

The meeting will approve a proposal of issuing 1:1 right shares of its paid-up capital to its shareholders.

The company states that the fund thus accumulated will be invested in Likhu Khola Hydropower Project and to pay loans on Kabeli B1 Cascase Hydropower Project.

Similarly, the meeting will delegate authority to BOD to carry out necessary tasks as per the direction of the regulatory bodies.

In this regard, the company will close its book on June 13, thus, the shareholders registered in its book till June 12 will be eligible to attend the SGM.

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