Company Proposes 60.82 Lakh Rights Shares for Existing Shareholders

Dordi Khola Hydropower Company Limited has announced a Special General Meeting (SGM) scheduled for Ashad 1, 2083, to seek shareholder approval for a proposed rights share issuance and amendments to the company's constitutional documents.

The meeting will be held at Himshikhar Party Venue, Chapagaun, Lalitpur, starting at 9:00 AM.

Key Agenda: Rights Share Issuance

The primary agenda of the Special General Meeting is to approve the issuance of 6,082,550 rights shares to existing shareholders.

According to the proposal, shareholders will be offered rights shares in the ratio of 1:0.28847474, meaning investors will be entitled to purchase approximately 0.288 new shares for every one share currently held.

The company aims to raise additional capital through the rights offering to support its future business and operational requirements.

Amendments to MOA and AOA

Shareholders will also discuss and approve amendments to the company's:

• Memorandum of Association (MOA)
• Articles of Association (AOA)

The proposed amendments include revisions related to the company's authorized capital and other adjustments required for the rights share issuance process.

Board to Receive Regulatory Authority

Another agenda item seeks shareholder authorization for the Board of Directors to complete all necessary procedures related to the rights offering.

This includes:

• Obtaining approvals from regulatory authorities
• Making required amendments to corporate documents
• Completing legal and administrative processes associated with the rights issue

Book Closure Date Announced

The company has set Jestha 25, 2083 as the book closure date.

Therefore, only shareholders recorded in the company's register before the book closure date will be eligible:

• To attend and vote at the Special General Meeting
• To participate in the proposed rights share offering if approved

What It Means for Investors

The proposed rights issue will allow existing shareholders to increase their ownership stake by purchasing additional shares at the prescribed ratio.

Rights offerings are commonly used by listed companies to raise capital while giving existing investors the first opportunity to maintain their proportional ownership.

Investors are expected to closely monitor the outcome of the SGM, as approval of the rights issue could impact the company's capital structure and future growth plans.