Tag: Propose

  • Dibyashwari Hydropower Company Reverses Right Share Issue Ratio to 1:1 Amid Strategic Capital Allocation Plans

    Dibyashwari Hydropower Company Reverses Right Share Issue Ratio to 1:1 Amid Strategic Capital Allocation Plans


    Dibyashwari Hydropower Company Limited (DHPL) has modified its previously proposed right share issue ratio. During the Board of Directors (BOD) meeting held on Mangsir 29, the company now suggests a 1:1 ratio, meaning a 100% right share issuance.

    Initially, the company had planned a 1:1 or 100% right share issuance on Ashad 10, 2080. However, a subsequent BOD meeting on Ashwin 29 retracted the earlier proposal and put forth a new plan for a 200% issuance based on the current paid-up capital in a ratio of 1:2. Nevertheless, this decision has been revised again, and the current proposal stands at a 1:1 ratio, translating to a 100% right share issuance.

    DHPL intends to allocate 51% of the capital obtained from the right issue into Five Khapan Hydropower. The company asserts that the decision to initiate the right share issuance is driven by the need to settle outstanding loans acquired from banks.

    It’s important to note that the final approval of this decision is contingent upon regulatory approval and subsequent endorsement at the upcoming Annual General Meeting (AGM) of the company. At the time of this writing, DHPL’s closing stock price is recorded at Rs. 182.

  • Dibyashwari Hydropower Company (DHPL) Proposes 200% Right Share Issue to Clear Loans

    Dibyashwari Hydropower Company (DHPL) Proposes 200% Right Share Issue to Clear Loans


    Dibyashwari Hydropower Company Limited (DHPL) has revised its proposal for issuing right shares, as decided during a Board of Directors (BOD) meeting held on Ashwin 29. The initial plan was to offer 1:1 or 100% right shares, announced on Ashad 10, 2080. However, the BOD meeting on Ashwin 29 decided to cancel the previous proposal and instead put forward a new plan to issue 1:2 or 200% right shares based on the current paid-up capital.

    DHPL has also specified its intention to invest 51% of the capital generated from the right issue into the Five Khapan Hydropower project. The company cites the need to clear outstanding loans acquired from banks as a primary reason for this decision.

    It’s important to note that the implementation of this decision is contingent on approval from the relevant regulatory authorities and subsequent endorsement at the upcoming Annual General Meeting (AGM) of the company.

    In terms of financial performance, DHPL reported a net loss of Rs 3.82 Crore while generating revenue of Rs 8.60 Crores from power sales. The company has a power generation capacity of 3.3 MW.

    As of the latest available data, DHPL’s stock closed at Rs. 142 in the previous trading session.