Tag: SGM

  • Akama Hotel Schedules SGM to Issue IPO at Rs. 50

    Akama Hotel Schedules SGM to Issue IPO at Rs. 50


     

    Akama Hotel Limited has scheduled a Special General Meeting (SGM) for the 14th of Falgun, 2080. The meeting will take place at the company’s registered office located in Akama Hotel, Dhumbarahi, Kathmandu, starting at 11:30 AM.

    One of the key agendas for the meeting is to propose issuing an Initial Public Offering (IPO) to the general public, along with increasing the authorized, issued, and paid-up capital of the company. Additionally, there will be a discussion regarding splitting the existing face value of 100 rupees into 50 rupees, as well as revising the articles of association and regulations. Another agenda is to determine the remuneration, allowances, and facilities for the directors.

  • Barun Hydropower Company Limited (BARUN) Calls Special General Meeting to Discuss 1:1 Rights Offering and Amendments

    Barun Hydropower Company Limited (BARUN) Calls Special General Meeting to Discuss 1:1 Rights Offering and Amendments


    Barun Hydropower Company Limited (BARUN) has announced its plans to hold a Special General Meeting (SGM) on the 14th of Shrawan, 2080. The meeting is scheduled to take place at Lord Party Venue in Dhumbarahi and will commence at 1 pm.

    During the SGM, BARUN will propose a 1:1 ratio rights offering, equivalent to 100% of the company’s paid-up capital, which currently stands at Rs. 53.58 Crores. It is important to note that the issuance of these right shares is subject to approval from the regulatory bodies. If approved, the issuance will result in an increase in the company’s paid-up capital to Rs. 1.07 Arba.

    Considering the potential increase in the company’s capital after the issuance of the right shares, the SGM will also address the need for amending relevant sections of the Articles of Association. The purpose of these amendments is to align the Articles of Association with the updated capital structure. Furthermore, the shareholders will be asked to grant full authority to the Board of Directors (BoDs) to carry out the necessary work related to the amendments, as guided by the regulatory board.

    It should be noted that the book closure date for the SGM is set for Shrawan 05. Shareholders who maintain their ownership before this date will be eligible to attend the meeting and participate in the decision-making process.

  • Ngadi Group Power Limited (NGPL) Calls Special General Meeting (SGM) to Discuss Right Shares and Other Agendas

    Ngadi Group Power Limited (NGPL) Calls Special General Meeting (SGM) to Discuss Right Shares and Other Agendas


    Ngadi Group Power Limited (NGPL) has scheduled a Special General Meeting (SGM) to take place on the 14th of Shrawan, 2080. The meeting will be held at Lord Party Venue in Dhumbarahi and is set to commence at 10 am on that day.

    The SGM will address several important agendas, including the endorsement of 100% right shares based on the company’s current paid-up capital of Rs. 1.85 Arba. Another item on the agenda is the proposed change in the company’s location, which will require amending the Articles of Association subsequent to the issuance of the right shares. The shareholders will be asked to grant full authority to the Board of Directors (BoDs) to execute the necessary actions related to these amendments in accordance with the guidance provided by the regulatory board. Additionally, the meeting will discuss the repayment of debt incurred by the company.

    It is important to note that the book closure date is set for Shrawan 04. Shareholders who maintain their ownership before this date will be eligible to attend the SGM.

  • Announcement: Nepal Infrastructures Investment Fund Limited Calls 1st Special General Meeting to Discuss Key Agendas and Shareholder Participation

    Announcement: Nepal Infrastructures Investment Fund Limited Calls 1st Special General Meeting to Discuss Key Agendas and Shareholder Participation


    Nepal Infrastructures Investment Fund Limited has announced its plans to hold the 1st Special General Meeting (SGM) on the 7th of Shrawan, 2080. The meeting will take place in Jhamsikhel, Lalitpur, and is scheduled to commence at 10 am on the aforementioned day.

    The SGM will address several important agendas that require the attention and participation of the shareholders. Firstly, there will be a proposal to amend the Articles of Association, which are the fundamental rules governing the company’s operations. This suggests that certain changes or updates are being considered to ensure the smooth functioning and adaptability of the organization.

    Additionally, another significant item on the agenda is the issuance of 100% right shares from the company’s paid-up capital. This means that existing shareholders will have the opportunity to acquire additional shares in proportion to their existing holdings. The Board of Directors (BODs) will be entrusted with the responsibility of overseeing this process, granting them full authority in its execution.

    Furthermore, the meeting aims to discuss the recruitment of strategic founding investors following the issuance of the right shares. This indicates the company’s intention to bring in new investors who can contribute strategically to the growth and development of the organization. By attracting these investors, Nepal Infrastructures Investment Fund Limited aims to strengthen its financial position and gain valuable expertise and resources.

    It is important to note that the book closure date has been set for Ashad 28. This means that only shareholders registered before this date will be eligible to attend the SGM. Therefore, shareholders are urged to ensure their registration is completed before Ashad 28 to participate in this significant meeting.

    Overall, the 1st Special General Meeting of Nepal Infrastructures Investment Fund Limited holds great importance for the company and its shareholders. The proposed agendas, including the amendment of the Articles of Association, issuance of right shares, and recruitment of strategic founding investors, reflect the company’s efforts to enhance its operations and secure a strong financial foundation for future growth.

  • Exciting Opportunities Await: Ridi Power Company Calls Special General Meeting for Lucrative Rights Offering and Capital Amendment

    Exciting Opportunities Await: Ridi Power Company Calls Special General Meeting for Lucrative Rights Offering and Capital Amendment


    Ridi Power Company Limited (RIDI) has announced its plan to hold a Special General Meeting (SGM) on 8th Ashad, 2080. The meeting will take place at the Indreni Complex in Naya Baneshwor, Kathmandu, starting at 11 am.

    One of the key proposals on the agenda is a rights offering of a 1:0.50 ratio, which means that existing shareholders will have the opportunity to purchase additional shares at a ratio of one share for every two shares held. The total number of rights shares being offered is 77,44,506 units, valued at Rs. 77.44 Crores. However, this issuance is subject to approval by the Securities Board of Nepal (SEBON).

    The rights shares will be issued based on the company’s paid-up capital, which currently stands at Rs. 1,54,89,01,200. If approved, the authorized, issued, and paid-up capital of the company will increase accordingly. To facilitate these changes, the meeting will also seek to amend the relevant sections of the Articles of Association and grant full authority to the Board of Directors (BoDs) to carry out the necessary amendments as guided by the regulatory board.

    The book closure date for shareholders to be eligible to attend the SGM is Jestha 32. This means that shareholders who hold shares in the company on or before this date will have the right to participate in the meeting and have their voices heard.

    The SGM serves as an important platform for shareholders to discuss and decide on crucial matters related to the company’s future direction and growth.

  • AHPC Board Decisions: Special General Meeting and Right Share Issuance

    AHPC Board Decisions: Special General Meeting and Right Share Issuance


    The Board of Directors of Arun Valley Hydropower Development Company Limited (AHPC) recently held a meeting at 3 PM, where they made significant decisions. One of the key resolutions reached during the meeting was to convene a Special General Meeting (SGM) on Ashad 07, 2080. The purpose of the SGM is to discuss and seek approval for various matters pertaining to the company.

    The primary agenda on the table is the endorsement of the issuance of right shares in a 1:1 ratio. This means that AHPC plans to issue 18,679,626 right shares with a par value of Rs. 100, amounting to a total value of Rs. 1.86 Arba. The intention behind issuing these right shares is twofold and has specific targets for the allocated funds.

    The first objective is to invest 50% of the total amount raised through the right shares, which corresponds to 9,339,813 unit right shares worth Rs. 93.39 crore, into the Likhu Khola Hydropower Project. This particular project, with a capacity of 30 MW, is being promoted by PK Hydropower Pvt. Ltd. By allocating these shares, AHPC aims to support the development and implementation of the Likhu Khola Hydropower Project.

    The second objective is to utilize the remaining 9,339,813 unit shares worth Rs. 93.39 crore to repay the loan taken by AHPC for the Kabeli ‘B’-1 Cascade Hydropower Project, located in Panchthar. The issuance of right shares will facilitate the company in meeting its financial obligations and reducing its debt burden.

    These decisions, which include calling for an SGM and endorsing the issuance of right shares with specific allocations, will be presented during the Special General Meeting. It is during this meeting that AHPC’s shareholders will have the opportunity to discuss, deliberate, and ultimately vote on these matters. The outcomes of the SGM will shape the future actions and direction of Arun Valley Hydropower Development Company Limited.

  • Mirmire Laghubitta (MMFDB) and Nerude Laghubitta (NLBBL) Call for Baisakh 10 SGM to Approve Merger

    Mirmire Laghubitta (MMFDB) and Nerude Laghubitta (NLBBL) Call for Baisakh 10 SGM to Approve Merger


     

    The Special General Meeting (SGM) of Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) and Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has been scheduled for 10th Baisakh, 2080. The MMFDB meeting will be held at Hotel Sarathi in Dhulikhel, while the NLBBL meeting will be held at Udhyog Sangathan Morang in Biratnagar. The MMFDB meeting will begin at 12:30 PM that day, while the NLBBL meeting will begin at 11 AM.

  • Kantipur Television Network will hold its annual general meeting on Chaitra 17 and will issue public shares at a premium price.

    Kantipur Television Network will hold its annual general meeting on Chaitra 17 and will issue public shares at a premium price.


    Kantipur Television (KTV) is a private television station based in Kathmandu, Nepal. Kailash Sirohiya is the chairman and managing director. KTV, which debuted in July 2002, is licensed for both terrestrial and satellite transmission. Tinkune is the headquarters of Kantipur Television. On the 17th Chaitra, 2079, Kantipur Television Network Limited will hold its Special General Meeting (SGM). The meeting will begin at 1 PM in the company’s headquarters in Tinkune, Kathmandu.