Arun Valley Hydropower Calls SGM On Ashad 07; To Endorse 100% Right Shares Issue

The meeting of the Board of Directors held at 3 PM today of Arun Valley Hydropower Development Company Limited (AHPC) have decided to call Special General Meeting (SGM) on Ashad 07, 2080.

The main agendas of the meeting is to endorse issue of right shares in the ratio of 1:1 i.e., 18,679,626 right shares of Rs. 100 par value worth Rs 1.86 Arba so that the company can invest 50% of the issued right shares amount i.e., 93,39,813 unit right shares worth Rs 93.39 crore in the Likhu Khola Hydropower Project (30 MW) promoted by PK Hydropower Pvt. Ltd. The remaining 93,39,813 unit shares worth Rs 93.39 crore will be used in paying off the loan taken by the company for the Kabeli 'B'-1 Cascade Hydropower Project in Panchthar.

The book closure date is on Jestha 30. Thus, the shareholders maintained before that day can attend this SGM.