Sagarmatha Jalbidhyut Company Calls AGM on Poush 25; Agenda To Issue 100% Right Shares and BOD Election

Sagarmatha Jalbidhyut Company Limited (SMJC) has called its 3rd AGM on 25th Poush, 2080. The meeting will be held at Kundalini Durbar Banquet, Chandol, Kathmandu, starting at 1 p.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 2079/080 with PNL statements, financial reports, and cash flow reports for the fiscal year up to the end of 2080.
3) Appointment of the auditor and determination of their remuneration for the fiscal year 2080/81.
4) To approve the decisions and actions taken by the Board of Directors.
5) To accept the report on institutional governance.
5) Election of two boards of directors from the public shareholding group.
6) Identify the appropriate hydropower company for merger and acquisition.
7) Miscellaneous.

Furthermore, there is an agenda regarding the issuance of right shares in the ratio of 1:1 on the paid-up capital of Rs. 1.12 Arba.

12th Poush is the book closure date. Therefore, the shareholders maintained before that day are entitled to attend this AGM.

AGM Notice: