Kathmandu, April 4, 2025 – The special general meeting of Upper Hewakhola Hydropower Company Limited has concluded. In the meeting, the company’s chairperson, Mr. Chipha Bahadur Thapa, presented the chairperson’s statement and expressed gratitude to the shareholders.
During the special general meeting, the company’s financial report, annual report, and future plans were presented. Additionally, the proposal to issue Rs. 50 crore worth of rights shares at a ratio of 1:1 was approved. The company aims to expand its capital in alignment with its predetermined growth strategy.
Out of the total raised capital, Rs. 30 crore will be invested in a new project, while Rs. 20 crore will be allocated to repay the company’s existing loans.
Chairperson Thapa reaffirmed his commitment to the company’s development, attracting new investors, and increasing energy production. Following the meeting, shareholders expressed their support for the company’s decision and confidence in the success of its future plans.
Shareholders attending the meeting remarked that the approved proposals would play a vital role in safeguarding the company’s long-term interests. The company’s Chief Executive Officer also extended gratitude for the continued support and cooperation of the shareholders.
