Arun Valley Hydropower convening its 21st AGM today; Company intends to issue 100% right share
Fri, Dec 14, 2018 9:27 AM on AGM/Special AGM, Dividend, Bonus & Rights, Latest, Stock Market,
Arun Valley Hydropower Development Company Limited (AHPC) is convening it AGM today. The AGM is being held at Maitri Hall 5th Floor, Indreni Foodland, New Baneswor, Kathmandu at 11:00 AM.
The main agendas of the AGM are:
- To suspend an issuance of FPO as approved by 19th AGM, for now.
- To float right share in the ratio of 1:1.
- To increase an authorized and Issue capital to Rs 2.5 arba from Rs 1.5 arba respectively.
- To amend Memorandum of Association (MOA) and Articles of Association (AOA).
- To present major financial highlights of the FY 2074/75.
- To appoint an auditor for the FY 2075/76.
However, the issue of right share is yet to be approved from SEBON. The paid up capital of AHPC stands at Rs 93.30 crore and if they float right share in the ratio of 1:1 then their paid-up capital will increase to Rs 1.86 arba.
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