Upper Hewakhola Hydropower Promoter Shareholder to Sell 452,533 Shares

Upper Hewakhola Hydropower Company Limited (UHEWA) has informed the Nepal Stock Exchange (NEPSE) that one of its major shareholders, Sudip Ghimire, intends to sell 452,533 shares held in the company within the next three months.

The company disclosed the information to NEPSE on Bhadra 15, 2083 (August 31, 2026) following a written application received from Ghimire at around 4:00 PM on the same day.

According to the company, Ghimire, identified as a promoter (major) shareholder, submitted an application expressing his intention to sell the 452,533 shares currently held by him within the coming three months.

The disclosure was made in accordance with the regulatory requirements governing the sale of substantial shareholdings by promoter shareholders of listed companies.

Upper Hewakhola Hydropower stated that it submitted the information to NEPSE in line with a directive issued by the Securities Board of Nepal (SEBON).

Under the relevant provision of the Securities Act, 2063, and SEBON’s directive, promoter shareholders intending to sell 5% or more of their shareholding are required to notify the concerned listed company at least 15 days before the proposed sale.

The company said the disclosure was submitted to NEPSE to fulfill this regulatory requirement and keep investors informed about the proposed transaction.