Chirkhwa Hydro Power Limited (CKHL) has formally announced its 7th Annual General Meeting (AGM), scheduled to be held on 23rd Poush, 2082 (approximately mid-January 2026). The meeting will convene at Kundalini Royals in Jorpati, Kathmandu, commencing at 10:00 AM.
Key Agendas for the AGM:
The shareholders will discuss and seek approval on the following critical matters:
- Endorsement of the Annual Report for the fiscal year 2081/82.
- Approval of the Auditor's Report, including the Profit & Loss Statement, Financial Position Report, and Cash Flow Statement for FY 2081/82.
- Appointment of the Auditor and determination of their remuneration for the upcoming fiscal year 2082/83.
- Miscellaneous matters.
Major Capital Restructuring Proposal:
A significant agenda item is the proposal to issue right shares in a 1:1 ratio. This means eligible shareholders will have the right to purchase one new share for every existing share they hold. The primary objective of this rights issue is to increase the company's authorized and issued capital, potentially to fund expansion, reduce debt, or strengthen its financial base for future projects.
Eligibility and Book Closure:
The company has set Poush 13, 2082 as the book closure date. Only shareholders whose names are registered in the company's record books before this date will be eligible to:
- Attend and vote at the AGM.
- Receive the entitlement to subscribe to the proposed rights shares (subject to AGM approval).
Implications for Investors:
The AGM is a pivotal event for CKHL stakeholders. The proposed 1:1 rights issue represents a major corporate action that could significantly dilute the stock if not fully subscribed but also provides an opportunity for existing shareholders to increase their stake at a likely preferential price. Investors are advised to review the annual report details once published and make informed decisions regarding the rights issue and other AGM agendas.