Pure Energy And Nilgiri Khola Hydropower Calls SGM With Agenda to Discuss IPO

Pure Energy Limited called its SGM on 16th Baisakh, 2081. The meeting will be held in the Company's Register Office, starting at 10:00 AM.

Among the other agendas, there is an agenda with a proposal to issue an IPO to the general public. 

CARE Ratings Nepal Limited (CRNL) has assigned an issuer rating of ‘CARE-NP BB+ (Is)’ to Pure Energy Limited (PEL). Issuers with this rating are considered to offer moderate risk of default regarding timely servicing of financial obligations, in Nepal. CRNL has also revised the rating assigned to long-term bank facilities of PEL to ‘CARE-NP BB+’ from ‘CARE-NP BB’.

Pure Energy Ltd (PEL) was established on June 19, 2018. It is backed by individual promoters associated with the Golyan group and REnergo Developers Pvt Ltd. The company's focus is on the establishment of a 20 MW grid-connected solar photovoltaic (PV) project in the Raniyapur Village Development Committee, located in the Banke district of Nepal. Both solar projects are currently in operation.

AGM Notice:

Similarly, Nilgiri Khola Hydropower Company Limited called its SGM on 20th Baisakh, 2081. The meeting will be held in the R.B. Complex, Lazimpat, Kathmandu, starting at 10:30 AM.

These are the agendas:
1) There is an agenda with a proposal to issue ordinary shares of the company to the general public.
2) To make necessary amendments to the articles of association and regulations.
3) Miscellaneous.

AGM Notice: