Manakamana Engineering Hydropower’s Annual General Meeting Today: What to Expect!
Hello stock market enthusiasts! Get ready for the latest updates from the world of Nepalese hydropower companies! Manakamana Engineering Hydropower is holding its highly anticipated 5th Annual General Meeting (AGM) today, September 5th, 2024. The meeting is scheduled to take place at the Royal Darbar Restaurant and Venue in Maharajgunj, Kathmandu, starting at 10:30 AM.
What’s on the agenda for this crucial AGM? Shareholders will be reviewing and voting on a range of important proposals, including the crucial topic of rights share issuance.
The meeting will be a major event for Manakamana Engineering Hydropower shareholders and will decide the company’s future. Here’s a breakdown of what’s in store:
- Rights Share Issuance: The AGM will vote on the approval of issuing rights shares. This is a significant development for current shareholders.
- Capital Increase & Bylaws Amendment: Shareholders will discuss and potentially approve an increase in the company’s capital. Changes to the company’s articles of association and regulations will also be considered.
- Director Authorizations: The board of directors will seek authorization to take necessary actions related to the rights share offering and other corporate matters.
- Regulatory Approvals: The company will discuss steps related to all of the regulatory bodies.
- Financial Review: The AGM will include a thorough review and approval of the financial statements for the fiscal year 2081/82 (2024/2025). This will be a critical assessment of the company’s financial performance.
- Auditor Appointment: The meeting will also address the appointment and remuneration of the auditors for the next fiscal year (2082/83, or 2025/2026), with a vote to be held to endorse Bharat & Associates.
Important Dates for Shareholders:
If you’re a shareholder of Manakamana Engineering Hydropower, remember the book close date was August 22, 2024. This means that only shareholders registered by August 21, 2024, are eligible to participate in the AGM.
Stock market updates like these are critical for keeping up with the ever-changing financial sector and are important for any investor of Nepalese stocks. Keep an eye on Nepal Stock Exchange (NEPSE) updates to get updates on the company’s current stock price.
Stay tuned for more updates!
