Upper Syange Hydropower: Special Proposal to Issue Right Shares in 1:1 Ratio

Upper Syange Hydropower Limited (USHL) has announced its 9th Annual General Meeting (AGM) to be held on Ashwin 9, 2082. The meeting is scheduled to take place at Kundalini Durbar Banquet, Kathmandu, starting from 10:00 AM.

For the purpose of the AGM, the company has decided the book closure date on Bhadra 23. Only those shareholders registered before this date will be eligible to participate in the meeting.

The main agendas of the AGM are as follows:

• Endorsement of the company’s annual report

• Approval of the auditor’s report of FY 2081/82, including profit and loss statements, financial reports, and cash flow reports

• Appointment of the auditor and determination of their remuneration for FY 2082/83

• Election of 4 board members from the promoter shareholder group

• Miscellaneous

In addition, the meeting will also discuss a special proposal to issue right shares in a 1:1 ratio. Through this, the company aims to increase its issued and authorized capital.