September 20, 2026

Three Star Hydropower Proposes 1:1 Right Shares, Convenes AGM for Three Fiscal Years

20th September 2026, Kathmandu

Three Star Hydropower Limited has proposed issuing right shares at a 1:1 ratio for its shareholders.

The company plans to present this resolution during its upcoming combined 9th, 10th, and 11th Annual General Meetings (AGM).

The board of directors meeting held on Ashoj 2 decided to convene the AGMs covering three consecutive fiscal years simultaneously.

The AGM will discuss passing audited financial reports alongside special resolutions regarding capital expansion and corporate restructuring.

Financial Reports Approval: Presentation and adoption of the annual reports, auditor reports, and financial statements for FY 2080/81, FY 2081/82, and FY 2082/83.
Auditor Appointments: Endorsement of auditor appointments for FY 2081/82 and FY 2082/83, along with appointing a new auditor for FY 2083/84.
1:1 Right Share Issuance: Approval of issuing right shares in a 1:1 ratio based on the company’s existing paid-up capital.
Special Resolutions: Proposals regarding company address and capital structure changes, transfer of rights regarding right shares purchase, and amendments to the Memorandum and Articles of Association.
Regulatory Authorization: Empowering the Board of Directors to implement necessary modifications to company documents as directed by regulatory authorities.
Board Elections: Election of three directors to the Board of Directors, including at least one female director.

The company has set a book closure date to determine shareholder eligibility for the upcoming general meeting and right shares entitlement.

Book Closure Date: Ashoj 15, 2083 (closed for one day).
Shareholder Eligibility: Only shareholders registered on the Nepal Stock Exchange (NEPSE) as of Ashoj 14, 2083, will be eligible to attend and vote at the AGM.