Maya Khola Hydropower Company Announces 7th Annual General Meeting with Key Agendas

Maya Khola Hydropower Company Limited has officially issued a notice regarding its upcoming Seventh Annual General Meeting (AGM), scheduled to be held on June 6, 2025 (Friday) at Hotel Marshyangdi, Thamel, Kathmandu. The meeting will begin at 11:00 AM and is expected to address several critical agendas concerning the company's financial and operational matters.

Key Highlights of the AGM Agenda:

1. Approval of Financial Statements:
   The meeting will present and seek approval for the company’s audited financial reports for fiscal years 2078/79, 2079/80, and 2080/81. The reports include balance sheets, profit and loss statements, cash flow statements, and notes to accounts prepared in accordance with Nepal Financial Reporting Standards (NFRS).

2. Appointment of Auditor:
   The AGM will propose the appointment of a statutory auditor for the fiscal year 2081/82, along with authorization to determine their remuneration.

3. Board of Directors' Report:
   Shareholders will be briefed on the progress report of the Board of Directors, with discussions on the company’s performance, challenges faced, and strategic direction going forward.

4. Amendment in Articles of Association and Memorandum:
   A special resolution will be proposed to amend the Articles of Association and Memorandum of Association to incorporate changes in capital structure and other regulatory updates as required.

5. Approval of Remuneration:
   The meeting will determine the remuneration structure for board members for the upcoming fiscal year.

6. Election of Board Members (if necessary):
   If the existing board structure needs adjustment or vacancy fulfillment, elections may be held during the AGM.

Shareholder Participation Details:

• Shareholders registered in the company’s shareholder register by the end of May 22, 2025 (Jestha 8, 2082) will be eligible to participate in the AGM.

• The company has closed its register from May 23 to June 6, 2025 for the purpose of the AGM.

• Shareholders may attend in person or send a representative with a valid proxy form. Shareholders are also advised to bring their identification documents for verification.

The company has encouraged all shareholders to participate actively in the AGM to ensure transparency, accountability, and to collectively shape the future of Maya Khola Hydropower. For further information or clarification, shareholders are advised to contact the company’s share registrar or the company office directly.

This AGM marks a significant opportunity for stakeholders to review the company’s financial health, corporate governance, and strategic vision for continued growth in Nepal’s hydropower sector.