United Modi Hydropower Limited's AGM Rescheduled For Jestha 27

United Modi Hydropower Limited (UMHL) has rescheduled its 10th AGM to be held on the 27th of Jestha, 2081. The meeting will be held in the Kalimati Banquet, Kalimati, Kathmandu, starting at 11:00 AM.

Previously, the company had decided to convene its AGM on 29th Chaitra, 2080. However, due to the insufficient participation of shareholders to conduct the meeting, it was postponed.

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 4 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 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 sought 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.

7th Chaitra was the book closure date. Therefore, the shareholders maintained before that day are entitled to attend this AGM.

AGM Notice: