Arun Kabeli Power Calls AGM to Approve Share Investment for 37.60 MW Hydropower Project

Arun Kabeli Power Limited (AKPL) has called its 14th AGM on 4th Kartik, 2081. The meeting will be held at Hotel Crystal Pashupati, Gaushala, Kathmandu starting at 11 a.m. that day.

These are the agendas of the AGM:

1) Endorsement of the annual report of the company
2) Endorse the auditor's report of 2080/081 with PNL statements, financial reports, and cash flow reports.
3) Appointment of the auditor and determination of their remuneration for the fiscal year 2081/82.

Arun Kabeli Power Limited is set to construct Kabeli Energy Limited's 37.60 MW Kabeli A Hydropower Project using funds raised through a 1:1 rights share issue. Additionally, the company will approve the corporate guarantee provided to Kumari Bank Limited, which has invested in the project. As part of its asset management strategy, Arun Kabeli Power Limited has also decided to sell old vehicles, motorcycles, and scrap materials under its ownership, streamlining resources to focus on the development of the hydropower project.

18th Ashwin 2081 is the book closure date. Therefore, the shareholders maintained before that day are entitled to attend this AGM.

AGM Notice: