Arun Valley intends to float 100% right share; AGM on Mangsir 28
Thu, Nov 22, 2018 11:24 AM on AGM/Special AGM, Dividend, Bonus & Rights, Latest, Stock Market,
Arun Valley Hydropower Development Company Limited (AHPC) to convene its 21st Annual General Meeting (AGM) on Mangsir 28, 2075. 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 SBON. The book closure date was set on Mangsir 19 2075. Those shareholders holding shares ahead of the book close date (Mangsir 18) are eligible to participate in AGM.
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.
The company has earned Rs 3.5 crore in the FY 2074/75 as per the unaudited Q4 report of FY 2074/75.
LTP of the AHPC's stocks stands at Rs 119.
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