Sanima Mai Hydropower issuing 1:1 right share; paid up to reach Rs 2.1 arba

Sanima Mai Hydropower Limited (SHPC) has proposed to issue 100 percent right share to its shareholders. The BOD Meeting of the company held on Ashad 8, 2073 has proposed to issue (1:1)100 percent right share to its shareholders. The decision is subjected to approval from the company’s upcoming Annual General Meeting (AGM). As per unaudited report, SHPC was in loss of Rs 6.24 crore in the third quarter of the fiscal year 2072/73. It’s paid up capital remains at Rs 1.05 arba. After issuing 100 percent right share it’s paid up capital will reach to Rs. 2.1arba.