Super Madi Hydropower Limited Announces Its 16th AGM Scheduled for Poush 4

Super Madi Hydropower Limited has announced that its 16th Annual General Meeting (AGM) will be held on 4th Poush, 2082. The decision was made during the Board of Directors meeting held on Mangsir 4, and the notice has been published in accordance with Section 67 of the Companies Act, 2063 to inform all shareholders.

The AGM will take place at Hotel Imperial, Battisputali, Kathmandu, beginning at 11:00 AM. The meeting will discuss and approve various operational, financial, and strategic proposals presented by the board.

Under the general proposals, the AGM will review and endorse the Board of Directors’ annual report for FY 2081/82, along with the auditor’s report, the balance sheet up to Ashad-end 2082, the profit and loss statement, the cash flow statement, and other related financial schedules. These documents will be discussed and approved by the shareholders.

The meeting will also appoint an external auditor for FY 2082/83, based on the recommendation of the Audit Committee, and determine the auditor’s remuneration.

Regarding dividend distribution, the company has proposed 0.2632% cash dividend (NPR 58,02,632) for tax purposes and 5% bonus shares equivalent to NPR 11.02 Crore based on the existing paid-up capital of NPR 2.205 billion. These proposals will be presented for approval during the AGM.

Under the special proposals, the company plans to issue rights shares to raise capital for the development of the 285 MW Upper Tamor Hydroelectric Project currently under construction in Taplejung. After distributing the 5% bonus shares, the adjusted paid-up capital will reach NPR 2.31525 billion, and the company aims to issue 1,15,76,250 units of rights shares in a 1:2 ratio.

Additionally, the AGM will discuss the proposal to increase the company’s authorized capital and amend the Memorandum of Association (MoA)—specifically clauses 6(a) and 6(b)—as required. The board will also be authorized to make necessary amendments if directed by regulatory authorities.

The company has also published general guidelines for AGM participants. The share register book will remain closed from Mangsir 17 to Poush 4, and only those who hold shares until Mangsir 16 (as per NEPSE records) will be eligible to attend the AGM and receive dividends.

Shareholders must bring valid identification to attend and must sign the attendance register, which will be open from 10:00 AM. Guidelines for proxy appointments, joint shareholders, representatives of institutions, and submission of written remarks or questions have also been provided.

For more information, shareholders may contact the company at 01-4527050 / 01-4523571 or visit the official website: www.supermadihydro.com.np.