Ridge Line Energy Approves Dividend and Transfers Maiwa Khola Project to Subsidiary

4th November 2026, Kathmandu

The fifth annual general meeting of Ridge Line Energy Limited has unanimously approved a proposed cash dividend of NPR 124.73 million (including tax) for shareholders.

Ridge Line Approves Dividend

The meeting, held on Kartik 17, 2083 (November 3, 2026), passed key resolutions, including the transfer of the electricity generation survey license for the 12.504 MW Maiwa Khola Hydropower Project to its subsidiary company.

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Dividend Approval and Key AGM Decisions

The general assembly ratified several key proposals regarding financial distributions and corporate governance.

• Approved Cash Dividend: Total cash dividend of NPR 124,736,842.11 (including applicable taxes).
• Public Director Election: Niranjan Parajuli, residing in Pokhara Metropolitan City-2, Kaski, was elected as a director representing public shareholders.
• External Auditor Appointment: Appointed S. Chapagai & Associates, Chartered Accountants, as the external auditor for FY 2083/84 (annual remuneration of NPR 300,000, excluding VAT).

Maiwa Khola Project Transfer to Subsidiary

The company resolved to transfer the development and operational rights of its hydropower assets to a newly established subsidiary unit.

• Project Capacity: 12.504 MW Maiwa Khola Hydropower Project.
• Subsidiary Unit: Ridge Power Limited (Registered Office: Lalitpur Metropolitan City-1).
• Subsidiary Registration Date: Registered with the Office of the Company Registrar on Kartik 12, 2083 ( October 28, 2026).
• Transfer Terms: Transfer of the electricity generation survey license, along with all associated rights, titles, and liabilities, to Ridge Power Limited.

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