Kathmandu, Jan 14: The 14th Annual General Meeting (AGM) of Singati Hydro Energy Ltd has concluded on Tuesday. Managing Director Sudip Khadka informed that the general body has approved the financial statements including the annual report of the last fiscal year 2079/80 and given the responsibility of all the necessary works related to the appointment of auditors and issuance of rights for the current financial year to the board of directors.
For the purpose of the general meeting, the company is going to close the book for one day on Magh 18. On the basis of book closure, only the shareholders who have been retained till Magh 17 will be able to participate in the meeting. The company is going to issue 100 percent right shares. The company has already closed the book for the purpose of right shares on Push 22.
On the basis of the book close made by the company for the issue of right shares, only the shareholders can buy 100 percent of the right shares of the company till Thursday, Push 19.
The company is issuing 100 percent right shares on the basis of the current paid-up capital of Rs 14.5 million. 100 per cent right shares will be issued. After the allotment, the paid-up capital of the company will be Rs 2.90 billion. The company received approval from the Securities Board of Nepal on Push 11 for issuing the right shares.
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