Idi Hydropower Company Limited has called a general meeting to approve its plan to issue an initial public offering (IPO). The board meeting held on Ashoj 4 decided that the general meeting will take place on Ashoj 30 at the company’s registered office in Pokhara. The meeting will begin at 11 am.
During the meeting, a special proposal to issue an IPO to the public will be discussed and passed. The company will also seek approval to make changes to its articles of association and rules if required by regulators. Other proposals include increasing authorized, issued, and paid-up capital, changing the company’s name if necessary, and opening new contact offices.
Shareholders will also review the annual report of the last fiscal year. They will receive the balance sheet, profit and loss account, and cash flow statement up to the end of Ashad 2082. In addition, the meeting will include the election of board members.
The main focus of the meeting will be whether shareholders approve the IPO plan and other changes.
