Sagarmatha Jalbidhyut Company Limited (SMJC) has scheduled its 5th Annual General Meeting (AGM) for the 26th of Mangsir, 2082. The assembly will take place at Smart Durbar, Shankha Park, Kathmandu, commencing at 11 am that morning.
On the agenda is the approval of the auditor’s report alongside the profit and loss statements, financial reports, and cash flow statements, as well as the appointment of an auditor for the fiscal year 2082/83. The discussions will also cover the ratification of decisions made by the Board of Directors, deliberation on meeting allowances and benefits for board members, and endorsement of the institutional good governance report.
The company has suggested issuing rights shares at a ratio of 1:1, representing 100% of its current paid-up capital. The board meeting convened on Jestha 13, 2082, gave its consent for the release of 100% rights shares based on the existing paid-up capital of Rs. 1.17 Arba. Following the distribution of 11,732,000 units of rights shares, the company’s paid-up capital is anticipated to double to Rs. 2.34 Arba.
The book closure date for the AGM is set for the 14th of Mangsir, 2082. Thus, shareholders registered until the 13th of Mangsir will be eligible to participate in the AGM.
