Ngadi Group Power Limited (NGPL) has got preliminary approval from the Electricity Regulatory Commission (ERC) to issue 1,06,03,986 right shares.
The 8th AGM of the company held on 3rd Ashwin, 2078 endorsed 20% in bonus shares and 1.05% in cash dividend for tax purposes for the fiscal year 2077/78. Alongside this proposal, the meeting also endorsed a 1: 2 rights offering for shareholders. However, the ERC only allowed a 1:1.5 ratio, resulting in 1,06,03,986 units. Thus, the total paid-up capital of the company is Rs. 70,69,32,400.
Ngadi Group Power Limited (NGPL) began as a private limited business in February 2006 and was changed to a public limited company in June 2014 to allow for public participation. The…
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