Kathmandu. Modi Energy Limited has called a special general meeting for the issuance of 100 percent rights shares. As per the decision of the board of directors of the company held on Ashad 2, the meeting has been called from 11 am on Ashad 19 at Rani Mahal Banquet, Gyaneshwor, Kathmandu.
The meeting will pass a proposal to issue 100 percent right shares based on the company’s current paid-up capital of 2.9 billion.
The meeting will increase the authorized and issued capital of the company and amend the memorandum of association accordingly.
The meeting will approve the appointment of 1 director from the founding group who is vacant.
Furthermore, if any changes, suggestions or instructions related to the issue of right shares are given by the regulatory body in the meeting, the board of directors will be fully authorized to do so. The company has provided information through a notice.
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