Modi Energy Limited, based in Dillibazar, Kathmandu, has officially called for a Special General Meeting (SGM) to discuss and decide on key proposals related to capital restructuring, right share issuance, and board changes. The decision was made during the company’s 63rd Board of Directors meeting held on 2082/03/02.
The company has invited all eligible shareholders to participate in the meeting, which will be conducted physically in Kathmandu.
Meeting Schedule
Agenda of the Special General Meeting
Special Resolutions to be Discussed:
- Right Share Issuance:
Proposal to issue right shares in a 1:1 ratio based on the current paid-up capital of Rs. 2.90 billion. - Utilization of Capital:
Discussion on how the capital raised from the right shares will be used. - Capital Increase and Amendment:
Proposal to increase the authorized and issued capital of the company and amend the Memorandum of Association accordingly. - Board Appointment:
Approval for the appointment of one director from the promoter group to fill the vacant position. - Authorization to Board:
Empowering the Board of Directors to carry out necessary changes or actions related to the right share issue as per regulatory instructions. - Miscellaneous Matters:
Any other issues that may arise during the meeting?
General Guidelines for Shareholders
- Book Closure Date:
The company’s share register will be closed on 2082/03/12 for the SGM. Only shareholders listed by 2082/03/11 will be eligible to attend. - Required Documents:
Shareholders must bring their share certificates or DEMAT proof, along with a valid form of identification, such as a citizenship certificate or a government-issued photo ID. - Attendance Registration:
Shareholders must sign the attendance register at the venue. It will open at 10:00 AM on the day of the meeting. - Minor Shareholders:
Guardians of minor shareholders listed in the share register may attend and appoint representatives. - Joint Shareholders:
Only one authorized individual can attend on behalf of joint shareholders. If no consensus is reached, the first listed shareholder will be considered valid. - Proxy Attendance:
Shareholders unable to attend in person may appoint a proxy. The proxy form must be submitted at the company’s registered office in Dillibazar at least 48 hours before the meeting. If the shareholder who assigned a proxy attends in person, the proxy will be canceled. - Institutional Shareholders:
Representatives authorized by institutions or companies that hold shares may attend on behalf of the entity. - Queries Submission:
Shareholders may submit written queries at least 7 days before the meeting at the registered office. However, these will not be included as agenda items for decision-making. - Contact for More Information:
For more details, shareholders can contact the company at 4541444 during office hours. - Legal Compliance:
All proceedings will follow the applicable laws and regulations of Nepal.
Conclusion
Modi Energy Limited encourages all eligible shareholders to attend the Special General Meeting and take part in shaping the future direction of the company. The meeting will be key to major capital-related decisions, including rights share issuance and board restructuring. For full participation, shareholders are requested to follow the outlined instructions and reach out to the registered office for any clarifications.
Notice: Modi Energy Limited Special General Meeting
