1st AGM Announcement for United Mewa Khola Hydropower To Issue IPO

1st AGM Announcement for United Mewa Khola Hydropower
DetailData
Company NameUnited Mewa Khola Hydropower Limited (UMHPL)
AGM Date6th Ashad, 2081
AGM LocationCompany’s Register Office, Dillibazar, Kathmandu
AGM Start Time11:00 AM
Rating Assigned by CARE Ratings NepalCARE-NP BB (Double B)
Incorporation DateJune 1, 2010
Project50 MW Mewa Khola Hydroelectric Project (MKHP)
Project LocationTaplejung district
Project MechanismBOOT (Build, Own, Operate, and Transfer)

AGM Agendas

The 1st AGM Announcement for United Mewa Khola Hydropower will discuss the following agendas:

  • Endorsement of the annual report.
  • Issuance of ordinary shares (IPO) to the general public.
  • Discussion on investment in other new projects.
  • Discussion on revising the capital structure.
  • Appointment of the auditor and determination of their remuneration for the fiscal year 2080/81.
  • Endorse the auditor’s report for 2079/80, including PNL statements, financial reports, and cash flow reports.
  • Approval of loans taken exceeding the paid-up capital and additional loans.
  • Nomination of 3 representatives from the shareholding members to sign the decision book of the general meeting.
  • Discussion on the amendment of the company’s charter and regulations.
  • Miscellaneous.

United Mewa Khola Hydropower Limited (UMHPL) has scheduled its 1st Annual General Meeting (AGM) for 6th Ashad, 2081, at 11:00 AM. The meeting will be held at the company’s registered office in Dillibazar, Kathmandu. 

United Mewa Khola Hydropower Private Limited, incorporated on June 1, 2010, is developing the 50 MW Mewa Khola Hydroelectric Project in the Taplejung district under the BOOT mechanism. CARE Ratings Nepal Limited has assigned the company a rating of ‘CARE-NP BB [Double B]’.

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