Banking News – Daramkhola Hydro Energy Limited has called its Annual General Meeting (AGM) for Bhadra 14, 2083, following a decision of the company’s board of directors.

The AGM will be held at Kimchi Restaurant & Banquet, Anamnagar, Kathmandu, where shareholders will discuss and approve the company’s annual report, financial statements and other key proposals.

Among the special resolutions, the company will conduct the election of three directors representing the general shareholders’ group (Class A) in accordance with Rule 27 of the company’s regulations.

The AGM will also seek authorization for the board to make necessary amendments to the company’s Memorandum of Association and Articles of Association if any regulatory authority provides recommendations, directions or instructions requiring changes.

The meeting will discuss and approve the Board of Directors’ annual report for fiscal year 2081/82, along with the auditor’s report, balance sheet, profit and loss statement, and cash flow statement for the same fiscal year.

Shareholders will also consider the appointment and remuneration of the auditor appointed by the Office of the Company Registrar for FY 2081/82 under Section 113 of the Companies Act, 2063.

Similarly, the AGM will appoint an auditor for FY 2082/83 under Section 111 of the Companies Act, 2063, and determine the auditor’s remuneration.

Book Closure: The company has not specified the book closure date in the information provided. The eligibility date for participation in the AGM should therefore be confirmed from the company’s official notice.