Kabeli Hydropower Company Announces 4th Annual General Meeting on Poush 4

Kabeli Hydropower Company Limited has announced that it will hold its 4th Annual General Meeting (AGM) on Poush 4, 2082 (Friday, December 19, 2025). The decision was made during the board meeting held on Mangsir 9, 2082. The AGM will be conducted at the company’s central office located in Gyaneshwor, Kathmandu, and will commence at 3:00 PM. The company has issued an official notice inviting all shareholders to attend the meeting as per the provisions outlined in the Companies Act, 2063 and its Articles of Association.

Presentation of Annual Report and Financial Statements

During the AGM, the company will table the Annual Report for FY 2081/82, summarizing the company’s operational performance, energy generation status, financial achievements, and management activities over the past fiscal year. Along with this, the AGM will review and approve the audited financial statements, including the balance sheet, profit and loss account, cash flow statement, and auditor’s report. Shareholders will have the opportunity to raise questions or seek clarifications regarding the company’s financial performance and operational strategies.

Appointment of External Auditor for FY 2082/83

The AGM will also decide on the appointment of an external auditor for the upcoming fiscal year 2082/83. The external auditor will be responsible for evaluating the company’s financial transactions, verifying compliance with accounting standards, and ensuring that the company adheres to regulatory and governance frameworks. The remuneration for the newly appointed auditor will also be proposed and endorsed during the meeting.

Authorization to Amend Memorandum and Articles as Required by Regulators

One of the key agenda items includes a special resolution to authorize the Board of Directors to amend the company’s Memorandum of Association (MoA) and Articles of Association (AoA) if required by regulatory bodies. These may include the Electricity Regulatory Commission, Securities Board of Nepal (SEBON), or other regulatory agencies. The company noted that such amendments may be necessary to ensure compliance with updated rules, directives, or legal requirements affecting the hydropower and securities sectors.

Proposed Amendments to Company Regulations

Under special resolutions, the AGM will also discuss amendments to certain clauses of the company’s internal rules and regulations. These revisions aim to strengthen corporate governance, improve transparency, and ensure smoother administrative and operational processes. Updating internal guidelines is expected to help the company align with international governance standards and long-term business strategies.

Discussion of Other Business Under the “Miscellaneous” Category

Shareholders who wish to raise additional issues under the Miscellaneous category may submit their proposals in writing seven days prior to the AGM. These proposals must be submitted through the company secretary to the Chairperson of the Board. This provision ensures that shareholders have a structured platform to express concerns, recommendations, or suggestions on company policies or operations.

Strict Rules for Participation via Proxy

For shareholders unable to attend the AGM in person, participation through proxy (representative) is allowed. However, proxy forms must be submitted to the company's central office at least 48 hours before the meeting. If more than one proxy is listed on a single form, the form will be rejected. The company emphasized that only properly filled and timely submitted proxy forms will be accepted.

Share Transfer and Registration Closed Until AGM Completion

The company has announced that share transfer, registration, and ownership verification processes will remain closed from Mangsir 24 until the completion of the AGM. During this period, no share transfers or ownership updates will be processed. To attend the AGM, shareholders must present either their entry pass or share certificate. Those who have not yet received these documents are advised to collect them from the company office before the AGM date.

Information Regarding Election of Independent Director

Kabeli Hydropower Company further stated that details regarding the election of an independent director will be published separately on the company’s notice board in due course. This step aligns with corporate governance guidelines that require the presence of independent members on the Board to ensure fair oversight and strategic guidance.

Contact Information for Shareholders

For further details or assistance related to AGM procedures, proxy submission, entry pass collection, or documentation, shareholders may contact the company’s central office at 01-4542782. The company has assured that the office will provide all necessary guidance to ensure smooth participation in the AGM.