Kathmandu: Aankhu Khola Hydropower Company Limited has announced that it will hold its 17th and 18th Annual General Meeting (AGM) on May 28. According to a decision by the company’s Board of Directors, the meeting will take place at 11:00 AM on Sunday at Baluwatar Plaza.
The company, through a public notice, stated that the AGM will discuss and approve the annual reports for fiscal years 2022/23 and 2023/24. It will also deliberate and endorse the balance sheet, profit and loss accounts, cash flow statements, and auditor’s reports for those fiscal years.
The meeting will also appoint an auditor for the upcoming fiscal year and determine their remuneration, as per the provisions of the Companies Act, 2006.
Board election as a key agenda
Under a special resolution, the company will elect five board members, including one woman, representing general shareholders.
Important information for shareholders
Shareholders attending the AGM must bring their share certificates or valid identification documents. Those wishing to participate via proxy must submit a duly filled proxy form to the company’s central office in Gairidhara, Kathmandu at least 48 hours prior to the meeting.
Only shareholders whose names are recorded within the book closure date will be eligible to attend the AGM.
The company has stated that detailed information regarding the AGM has already been published on its official website.
Jalasarokar
