Arun Kabeli Lost Shares Notice Published for Claim Verification
19th February 2026, Kathmandu
The regulatory framework of the Nepal stock market places a high priority on protecting the rights of individual investors, particularly in the transition from physical to digital shareholding. On February 19, 2026 (Falgun 7, 2082), Arun Kabeli Power Limited (AKPL) officially released a public notice regarding the loss of physical share certificates by four of its shareholders. This 35 day notice is a mandatory legal requirement under the Companies Act of Nepal and the guidelines set by the Securities Board of Nepal (SEBON). It serves as a transparent mechanism to verify ownership claims and provide an opportunity for any third party with a legal interest or lien on these shares to voice their objections before the company cancels the original documents and issues duplicate certificates.
Arun Kabeli Lost Shares
Arun Kabeli Power Limited, a prominent player in Nepal’s hydropower sector, operates the 25 MW Kabeli B1 Hydropower Project in eastern Nepal. As a publicly traded entity on the Nepal Stock Exchange (NEPSE), the company must maintain a rigorous and error free register of its members. The recent notice identifies specific individuals who have reported their certificates as missing. These include Rojan Sharma from Bharatpur-05, Chitwan, holding 50 units under certificate number 17918; Rajendra Khanal from Amarpath-05, Palpa, holding 50 units under certificate number 17919; Hem Narayan Gautam from Dhapasi-09, Kathmandu, holding 50 units under certificate number 17920; and Ram Krishna Bhatt from Kathmandu-10, who holds a significant block of 5,034 units under certificate number 682. The sheer volume of units held by Mr. Bhatt underscores the critical nature of this recovery process for high value investors.
The procedure for reclaiming lost shares in Nepal is comprehensive and designed to prevent fraud. When a shareholder realizes that their physical certificate is lost, stolen, or destroyed, the first step is to file a First Information Report (FIR) at the local police station. This provides a legal record of the loss. Following the police report, the shareholder must submit a formal application to the company or its designated share registrar—which for AKPL is handled internally at their office in Trade Tower, Thapathali. This application must be accompanied by a notarized indemnity bond and an affidavit. The indemnity bond is a legal promise that the shareholder will protect the company from any financial loss if the original certificate is found later and used by someone else to claim the shares.
Once the documentation is verified, the company is legally bound to publish a 35 day notice in a national daily newspaper. This window allows the public to review the details and raise objections if the shares were, for example, pledged as collateral for a loan or sold through an unofficial private transaction. If no such objections are received within the 35 day period, the company’s board of directors passes a resolution to invalidate the lost certificates. New certificates, clearly marked with the word Duplicate in bold red letters, are then issued. For the shareholders of AKPL mentioned in the recent notice, this process ensures that they can eventually dematerialize their holdings and participate in secondary market trading, which is impossible with lost physical documents.
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The existence of physical share certificates in 2026 highlights a lingering gap in the digital transformation of Nepal’s capital market. While almost all new IPOs are issued directly into Demat accounts, many older investors still hold paper certificates from the early 2010s. Holding physical shares carries significant risks beyond just loss or theft; paper documents can be damaged by moisture, fire, or pests, and they make the process of receiving cash dividends and bonus shares more cumbersome. Arun Kabeli Power Limited has been active in issuing right shares and bonus shares in the past, and shareholders with physical certificates must manually collect these benefits, whereas Demat holders receive them automatically in their accounts.
Investors who still possess physical certificates for AKPL or any other listed company are strongly encouraged to initiate the dematerialization (Demat) process immediately. This involves opening a Demat account with a licensed Depository Participant (DP), which can be a bank or a brokerage firm. Once the account is open, the investor submits a Dematerialization Request Form (DRF) along with the original physical certificates. The DP then coordinates with the company’s share registrar to cancel the paper documents and credit the electronic units to the investor’s 16-digit Demat ID. This not only eliminates the risk of loss but also allows for instant trading on the NEPSE platform.
In conclusion, the Arun Kabeli lost shares notice is a vital protective measure that ensures the integrity of the company’s shareholding structure. By following this 35 day public verification period, AKPL demonstrates its commitment to good corporate governance and shareholder transparency. For the affected individuals, this marks the beginning of recovering their investment, while for the broader investing public, it serves as a reminder to safeguard financial documents and embrace the security of digital shareholding. As the deadline for objections approaches in late March 2026, the company will finalize the verification, allowing these four shareholders to once again have full control over their equity in one of Nepal’s leading hydropower producers.
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