Ngadi Group Power Limited (NGPL) has opened the issuance of right shares in a 1:1 ratio to its shareholders. This initiative allows shareholders to purchase one additional share for every share they currently hold at a par value of Rs. 100.
Key Details of the Rights Issue:
- Issue Open Date: 23rd Poush 2081
- Issue Close Date: 14th Magh 2081
- Total Shares: 1,85,12,792 units (100% right share)
- Current Paid-Up Capital: Rs. 1.85 Arba
- Post-Issue Paid-Up Capital: Rs. 3.7 Arba (after adjustment of right shares).
- Issue Manager: Siddhartha Capital Limited
Application Process:
The book closure date for the right share issue was 18th Mangsir. Only shareholders who maintained their holdings before this date are eligible to participate and can apply for the rights shares through the following methods:
- Siddhartha Capital Limited: Application forms are available at Siddhartha Capital’s office in Narayan Chaur, Naxal, Kathmandu.
- Siddhartha Bank Branches: Forms can also be submitted at Siddhartha Bank’s branches in various locations, including Biratnagar, Birgunj, Narayanghat, Pokhara, Besishahar, Butwal, Nepalgunj, Dhangadhi, and Surkhet.
- ASBA Services: Investors can apply through banks and financial institutions participating in ASBA services or via the “Mero Share” online platform.
Additional Information:
- Shareholders who wish to apply through other means can submit an account-payee draft in favor of Siddhartha Capital Limited, along with the application form, either by post or courier.
- The rights shares’ details, including the entitlement information, can be accessed on the websites of Ngadi Group Power Limited (www.ngpl.com.np) and Siddhartha Capital Limited (www.siddharthacapital.com).
Contact for Queries:
For further assistance, shareholders can contact Siddhartha Capital Limited at Narayan Chaur, Naxal, Kathmandu, or call 01-5970740-2. This offering provides shareholders an opportunity to increase their investment in the company while boosting the capital base of Ngadi Group Power Limited for future expansion and growth.
Notice: Ngadi Group Power Announces 1:1 Right Share Issue
