River Falls Power Limited Calls AGM on Baishakh 20; To Discuss Right Shares Related Agenda
Thu, Apr 11, 2024 8:19 AM on Latest, AGM/Special AGM, Book Closure,
River Falls Power Limited (RFPL) has declared its 7th and 8th AGM on 20th Baishakh, 2081. The meeting will be held in the Lisara Receptions, Naxal, Kathmandu, starting at 11:00 AM.
These are the agendas of the AGM:
1) Endorsement of the annual report of the company
2) Endorse the auditor's report of 2079/080 with PNL statements, financial reports, and cash flow reports.
3) Appointment of the auditor and determination of their remuneration for the fiscal year 2080/81.
4) To elect 2 directors from the public shareholding group.
5) To discuss the remuneration, meeting allowances, and services of the directors.
Among the other agendas, there is an agenda regarding the issuance of right shares in the ratio of 1:1.
There is an agenda to increase the authorized and issued capital of the company. Additionally, the board is authorized to handle regulatory matters with the Electricity Regulatory Commission, Securities Board of Nepal, and the Company Registrar's Office during the process of issuing rights shares.
10th Baishakh 2081 is the book closure date. Therefore, the shareholders maintained before that day are entitled to attend this AGM.
