Himalayan Hydropower Eyes Expansion: 100% Rights Share Issue and General Meeting Announced!
Are you a stock market enthusiast looking for investment opportunities in the Nepali stock market? Keep your eyes peeled! Himalayan Hydropower Limited has just announced a major move, potentially signaling significant growth and a strong future. The company is set to issue 100% rights shares, a move that’s sure to generate buzz among investors.
The big news comes from the company’s board of directors meeting on August 30th, which decided to convene the 18th Annual General Meeting (AGM). This AGM is scheduled to take place on October 24th at the Waterfront Resort in Pokhara, kicking off at 11 AM. This is a crucial event for all shareholders and anyone interested in the Himalayan Hydropower share price.
So, what’s on the agenda? The primary focus, of course, is the approval of the rights share issue. This is a significant financial decision that allows current shareholders to purchase additional shares at a pre-determined price, often below the current market price. This can be a fantastic way to potentially increase your investment returns and boost your stake in the company.
Beyond the rights share issue, the AGM will cover several important matters. Shareholders will vote on amendments to the company’s memorandum of association and articles of association. The board of directors will also be granted authority to implement directives from regulatory bodies, ensuring the company remains compliant with financial regulations.
Further, the AGM will review and approve the 18th annual report, along with the balance sheet and profit and loss statement for the fiscal year 2081-82. The meeting will also address the appointment of an auditor for the fiscal year 2082-83 and determine their remuneration. This is a standard part of any corporate governance process and ensures the financial statements are accurate and transparent.
For those looking to participate in the AGM, mark your calendars! Himalayan Hydropower has announced a book closure date of October 12th. This means that only shareholders listed in the Nepal Stock Exchange (NEPSE) as of October 11th will be eligible to attend the AGM and have their voices heard on these critical matters. It’s essential to stay informed about stock market news and understand the implications of these corporate actions.
This announcement presents a key opportunity for investors to evaluate their investment strategy and consider the potential of Himalayan Hydropower. Keep a close watch on the stock market, rights share announcements, and the company’s performance as this unfolds. This could be a chance to get in on the ground floor of future growth! Don’t miss out on this exciting investment opportunity! Keep checking stock market updates and financial news for the latest developments.
