Darchula Power Limited held its Annual General Meeting (AGM) on Mangsir 12, where shareholders unanimously approved all general and special proposals, including the financial statements for FY 2081/82 and the plan to issue an Initial Public Offering (IPO).

The company, a subsidiary of Api Power Company Limited, is currently developing the 28.304 MW Mid-Chamelia Hydropower Project in Darchula at an estimated cost of Rs 566 crore. According to the AGM report, the project is progressing rapidly.

The annual report presented during the meeting highlighted physical progress, financial management practices, operational challenges, and future strategies. Shareholders praised the company’s transparency in cost control and its efficient allocation of project-based expenditures.

The AGM also approved the decision to issue ordinary shares through an IPO, for which the company has partnered with Muktinath Capital. The company's authorized and issued capital will be increased accordingly. Directors noted that the hydropower project is advancing effectively and is likely to be completed ahead of schedule due to strong management, coordination, and resource handling.