Today is the Final Day to Apply for Joshi Hydropower’s 65% Rights Shares

Today (September 4, 2025) is the final day to apply for the rights shares of Joshi Hydropower Development Company Limited (JOSHI). The company had opened the issuance on Shrawan 15, offering 65% rights shares on its current paid-up capital. Under this scheme, shareholders are entitled to 0.65 shares for every 1 share they hold, amounting to 2,414,100 units at a face value of Rs. 100 each, totaling Rs. 241.41 million.

For this purpose, the company had set the book closure date on Ashad 8, meaning only those who held shares until Ashad 5 are eligible to apply. CARE Ratings Nepal has assigned the company a CARE-NP Single B Issuer Rating, indicating a high risk regarding its ability to meet financial obligations on time.

The issue manager for this rights offering is Laxmi Sunrise Capital Limited. Investors can apply through the company’s office, Laxmi Sunrise Bank’s Ilam branch, ASBA-approved banks and financial institutions, or online via the “Mero Share” system developed by CDS and Clearing Limited. Currently, the company’s paid-up capital stands at Rs. 371.4 million, which will increase to Rs. 612.81 million after the rights issuance. The raised funds will be utilized to repay loans from banks and financial institutions, as well as to settle the dues owed to the company’s founder, Birendra Bahadur Nyaupane.