Ridi Power Calls Out SGM to Issue Right Shares

Jun 06, 2023 08:44 AM Merolagani



Ridi Power Company (RIDI) has called out special general meeting (SGM) on June 23 in Indreni Complex, New Baneshwor, Kathmandu at 11 AM.

The board of directors meeting of the company held on June 5 decided to call the SGM.

The meeting will endorse a proposal of issuing 1:0.50 percent i.e. 7,744,506 units right shares to its existing shareholders.

Moreover, the meeting will delegate authority to BOD to make require amendments in article and memorandum of association after the right issue, to carry out all the tasks required by regulatory bodies.

In this regard, the company will close its book on June 15, thus, the shareholders registered in its book till June 12 will be eligible to attend the SGM.




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