AGM of Ghalemdi Hydro to be held on 16 Baisakh | To Approve Agendas Relating Right Shares Issue by Corporation

AGM of Ghalemdi Hydro to be held on 16 Baisakh | To Approve Agendas Relating Right Shares Issue by Corporation

On June 16, 2080, Ghalemdi Hydro Limited (GHL) will have its ninth annual general meeting. The conference would begin that day at 10:30 AM at the Sasa Banquet in Nayabazar, Kathmandu.

The AGM’s agendas are as follows:

Approval of the fiscal year 2078–1979 financial reports.

Provide PL statements, financial reports, and cash flow reports to support the auditor’s report.

Approve the auditor’s appointment for the fiscal year 2079–2080.

Let the corporation to invest at least 51% of its equity in the Chujung Khola hydropower project, a 63 M.W. (PRoR) in Sankhuwasabha that is being pushed by Shangrila Urja Pvt. Ltd., by approving the issuance of 1:2 (200%) right shares.

Provide the board of directors broad authority to modify right shares-related procedures in accordance with any instructions obtained from the regulatory agencies. To boost the company’s capital.

The closing date of the books is Baisakh 7. Shareholders who were registere before that date can thus attend the AGM.

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