Upper Hewakhola Hydropower Calls SGM on Chaitra 22; Agenda to Endorse Issuance of 100% Right Shares

Upper Hewakhola Hydropower Company Limited (UHEWA) has called its Special General Meeting (SGM) on 22nd Chaitra, 2081. The meeting will be held in the Union House, Anamnagar, Kathmandu, starting at 11:00 am that day.

The company has proposed a 1:1 ratio rights offering (100%) on the paid-up capital of Rs. 50 Crore. After the issuance of 100% of the right shares, the paid-up capital will increase to Rs. 1 Arba.

Following the issuance of these rights shares, the company's authorized capital, issued capital, and paid-up capital will rise, necessitating amendments to the company's memorandum of association. The board of directors is also authorized to make any necessary changes based on regulatory recommendations or directives during the approval and registration process of these amendments.

Chaitra 14 is the book closure date. Thus, shareholders maintained before that day are eligible to attend this meeting.