Last day to hold the shares of Ridi Hydropower for 17th AGM; Shareholders to receive 6% bonus shares

Today is the last day to hold the shares of Ridi Hydropower Development Company Limited (RHPC) to participate in the 17th AGM.

RHPC will be convening its 17thAGM on Ashoj 20, 2075. The meeting will be convened in Indreni Banquet, Kathmandu at 11:00 AM.

The main agendas of the meeting include:

  1. To approve 6% bonus shares for the shareholders.
  2. To issue 100% right shares on the adjusted capital after bonus shares FY 2074/75.
  3. To make amendments in the MOA to increase the authorized capital and issued capital of the company.
  4. To provide authority to the BoD to make required changes in the future.

Other agendas of the meeting include endorsement of audited financial statement for the FY 2074/75, appointment of statutory auditor for the FY 2075/76, appointment 5 directors from the promoters group, to provide 0.3157% cash for tax purpose and to approve loan for 8.5 MW Butwal Solar Project.