Rasuwagadhi Hydropower Company Limited (RHPL) has announced that its 12th Annual General Meeting (AGM) will take place on 29th Poush, 2081. The meeting will take place at Smart Mahal, Dhumbarahi, Kathmandu, starting at 11:00 AM.
Key Agendas:
1. Approval of Financial Reports:
- Review and endorse the financial reports for the fiscal year 2080/81.
2. Auditor’s Report:
- Approval of profit and loss (P&L) statements, financial reports, and cash flow statements.
3. Auditor Appointment:
- Appoint an auditor for the fiscal year 2081/82 and finalize their remuneration.
4. Board Meeting Allowances:
- Discuss and determine allowances for the board of directors.
5. Election of Independent Directors:
- Elect two independent directors to the board.
6. Miscellaneous:
- Address any other issues presented during the meeting.
Book Closure:
The company has announced a book closure date from Poush 16, 2081. Shareholders holding shares before this date are eligible to:
- Attend the AGM.
- Exercise voting rights during the meeting.
This AGM will address vital financial matters and governance to ensure operational stability and shareholder engagement in RHPL’s strategic direction.
About Company:
Rasuwagadhi Hydropower Company Limited (RGHPCL), a subsidiary of Chilime Hydropower Company Limited, was established in 2011 to develop the 111 MW Rasuwagadhi Hydroelectric Project in Bagmati Province. The project is funded through debt from the Employees Provident Fund and equity split into 51% promoter shares and 49% public shares. Promoters include Chilime Hydropower (32.79%), NEA (18%), and Rasuwa local authorities (0.21%).