United Modi Hydropower Calls AGM on Chaitra 27; To Discuss Right Shares Related Agenda

United Modi Hydropower Limited (UMHL) declared its 11th AGM on 27th Chaitra, 2081. The meeting will be held in the Kalimati Banquet, Kalimati, 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 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.

Among the other agendas, there is an agenda to approve the right shares at a 1:0.65 ratio (revised from 1:1 in the previous decision) to increase the company's authorized and issued capital.

There is an agenda to increase the authorized and issued capital of the company to facilitate the issuance of rights shares. This capital increase is expected to occur after the issuance of rights shares. To align with this, there is a need to amend relevant clauses in the company's charter and regulations. The board of directors is to be granted full authority for necessary actions related to these changes. 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.

8th Chaitra is the book closure date. Therefore, the shareholders maintained before that day are entitled to attend this AGM.

AGM Notice: