Kamal Himalayan Hydropower Limited (HHL) has announced that it will conduct its 18th Annual General Meeting (AGM) on 22nd Ashwin, 2082. The meeting will take place at 11:00 AM at the company’s registered office in Dillibazar, Kathmandu.
Key Agendas of the AGM
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Approval of the company’s 18th annual report presented by the Board of Directors.
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Approval of the auditor’s report for FY 2081/82, which includes the balance sheet, profit and loss account, and cash flow statement.
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Appointment of an auditor for FY 2082/83 and the determination of their remuneration.
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Approval of the proposal to issue right shares in a 1:1 ratio (one right share for each existing share).
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Authorization to the Board of Directors to make necessary amendments in the Memorandum of Association and Articles of Association, and to carry out required procedures with regulatory bodies regarding the rights issue.
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Miscellaneous proposals.
Book Closure Date
The company has set the book closure date on 12th Ashwin, 2082. Only shareholders who have maintained their shares before this date will be eligible to attend the AGM and participate in decision-making.
Conclusion
The upcoming AGM will be important for shareholders, as it will not only review the company’s financial performance but also decide on a 100% rights issue that will double the paid-up capital. Shareholders are encouraged to participate in this meeting actively.
