Ngadi Group Power Limited (NGPL) has announced an extension to the application deadline for its rights share issuance. The company initially opened the rights offering on 23rd Poush, 2081, with an initial closing date of 14th Magh, 2081. However, due to lower-than-expected applications, the deadline has been extended to 29th Magh, 2081, as per the notice.
Key Details of the Rights Offering
- Offering Overview:
- The company is issuing a 1:1 rights share to its existing shareholders.
- A total of 18,512,792.225 units of rights shares are being offered, each priced at Rs. 100 per share.
- Capital Structure:
- The current paid-up capital of NGPL is Rs. 1.85 Arba.
- After the issuance, the paid-up capital will double to Rs. 3.7 Arba, strengthening the company’s financial base.
- Application Details:
- Shareholders eligible for the rights share are those who held shares before the book closure date on 18th Mangsir, 2081.
- Applications can be submitted through various platforms:
- Siddhartha Capital Limited, Narayanchaur, Naxal, Kathmandu.
- Branch offices of Siddhartha Bank Limited in major cities like Biratnagar, Birgunj, Narayanghat, Pokhara, and others.
- ASBA-participating banks and financial institutions.
- Meroshare online platform provided by CDS & Clearing Limited.
How to Apply
Applicants can:
- Visit Siddhartha Capital Limited or Siddhartha Bank branches to apply in person.
- Submit applications online using the CASBA system through Meroshare.
- Mail applications directly to Siddhartha Capital Limited with account payee drafts.
It is important to note that drafts or applications received seven days after the rights offering closes will not be included in the share allocation.
Accessibility of Information
- Detailed information about the rights share is available on the company’s website (www.ngpl.com.np) and Siddhartha Capital’s website (www.siddharthacapital.com).
- Investors can also access relevant information on the Securities Board of Nepal’s website (www.sebon.gov.np).
Assistance for Investors
For any queries or grievances regarding the rights offering, investors can contact Siddhartha Capital Limited at their office in Narayanchaur, Naxal, Kathmandu, or call 01-5970747.
Notice: Ngadi Group Power Limited Extends Rights Share Deadline
