Dordi Khola Jal Bidyut Company Limited Receives Approval for 1:0.288 Right Shares Issue

Dordi Khola Jal Bidyut Company Limited has received prior approval from the Electricity Regulatory Commission to issue right shares in the ratio of 1:0.288. Although the company's annual general meeting held on Poush 29, 2082, originally decided to issue right shares at a ratio of 1:0.56621279 based on its current paid-up capital of Rs. 2,10,85,20,800, the Commission has granted approval for a reduced ratio.

According to the decision from the Commission's 308th meeting, the company is now authorized to issue 6,082,549.9263 units of right shares worth Rs. 60,82,54,992.63. This approval was specifically granted for the purpose of repaying loans to the consortium bank. The Commission has mandated that the funds raised must be used for debt repayment, with proof of payment submitted within 15 days of the transaction. Additionally, the company must first offer the shares to its founding shareholders before proceeding with a public issuance.