Numbur Himalaya Hydropower Announces IPO Issuance, Calls for General Meeting

Numbur Himalaya Hydropower Limited has announced the issuance of an IPO and called for its general meeting on Kartik 7 (October 23). The meeting will take place at the company's registered office in Naxal, Kathmandu, starting at 11 AM.

Key Agendas:

• IPO Issuance: The company will propose the issuance of an IPO, which will be approved through the general meeting.

• Financial Reports: The meeting will discuss and approve financial statements, including the balance sheet, profit and loss account, and cash flow details from the previous fiscal year.

• Auditor Appointment: The proposal to appoint an auditor for the current fiscal year and determine their remuneration will also be approved.

Special Proposals:

• The board of directors will be authorized to amend the memorandum and articles of association to facilitate the IPO issuance.

• The meeting will also pass a proposal to allow the issuance of shares at a premium price by amending the memorandum.

If the IPO issuance proposal is approved, Numbur Himalaya Hydropower will be able to raise capital through a public share offering.