1st September 2025, Kathmandu
Bikash Hydropower Company Limited has officially announced the date for its 4th Annual General Meeting (AGM), a crucial event set to address key governance and financial matters.
Bikash Hydropower 4th AGM
The company’s Board of Directors (BoD) finalized the meeting date on August 31, with the AGM scheduled to take place on September 26, at SASA Banquet & Event Management in Naya Bazar, Kathmandu. This meeting, which will begin at 9 AM, is expected to serve as a vital platform for shareholders to deliberate on the company’s performance and future strategic direction.
A Focus on Governance and Regulatory Flexibility
One of the most significant proposals to be presented at the AGM is a special resolution to amend the company’s Articles of Association and internal regulations. This proposal aims to grant the Board of Directors full authority to make necessary amendments in case any directives from regulatory bodies, such as the Nepal Insurance Authority or the Securities Board of Nepal (SEBON), require such changes. This strategic move is designed to ensure the company’s agility and its ability to remain in full compliance with Nepal’s evolving legal and regulatory frameworks. By providing the BoD with this authority, Bikash Hydropower is proactively strengthening its corporate governance and operational efficiency, thereby minimizing compliance risks.
The meeting will also be a forum for shareholders to discuss and approve a range of important reports, which are essential for maintaining transparency and accountability. These documents include:
- The Board of Directors’ annual report for fiscal year 2024/25, which will be presented by the Chairman.
- The Auditor’s Report, a critical document that provides an independent assessment of the company’s financial records.
- The Balance Sheet, Profit & Loss Account, and Cash Flow Statement, which are fundamental financial documents that will offer a clear picture of the company’s performance over the past fiscal year.
- The Corporate Governance Report, a key document that ensures the company’s operations are transparent and well-managed.
Key Decisions for Stakeholder Representation
In a move that underscores its commitment to stakeholder representation, the AGM will include the election of three directors to represent the public shareholders’ group. This is a critical process that empowers general investors by giving them a direct voice in the company’s leadership and strategic decision-making. The election ensures that the interests of a broader base of investors are considered in the boardroom.
Additionally, the meeting will formalize the appointment of the auditor for the current fiscal year and set their remuneration. This is a vital step in maintaining proper financial oversight and ensuring that the company’s financial reporting adheres to all auditing standards, which is crucial for building investor trust.
Book Closure and Shareholder Eligibility
For the purpose of the AGM, the company has announced a one-day book closure on 24th Bhadra, 2082. This means that only those investors who have their shares recorded in the NEPSE system up to 23rd Bhadra, 2082, will be considered eligible to attend and participate in the meeting. This clear timeline ensures that the process of determining eligible shareholders is transparent and efficient.
AGM’s Significance in the Growing Hydropower Sector
The 4th AGM of Bikash Hydropower comes at a time when Nepal’s hydropower sector is experiencing significant momentum. The country has immense potential for clean energy, and an increasing number of projects are being launched to meet the growing demand. In this context, a company’s commitment to strong governance and financial transparency becomes a major factor in attracting and retaining investor confidence. The AGM provides a perfect opportunity for Bikash Hydropower to demonstrate its resolve to operate as a well-managed and reliable player in this vital sector.
For shareholders, the AGM offers a clear window into the company’s future. It is a chance to gain updates on financial performance, understand strategic decisions that may influence long-term shareholder value, and elect new board members who are aligned with their interests. The meeting is not just a formality but an essential platform for active participation.
Moving Towards a Confident Future
Bikash Hydropower has been consistently positioning itself as a strong player in Nepal’s energy sector. By prioritizing financial accountability, regulatory compliance, and governance reforms at its AGM, the company is taking concrete steps to strengthen its foundation. The successful conclusion of this meeting will not only provide clarity on the company’s performance for the past year but also empower shareholders to influence decisions that will shape its long-term strategy. This commitment to transparent and responsible operation is crucial for navigating the opportunities and challenges in Nepal’s fast-growing energy landscape. The AGM is a key event that will undoubtedly pave the way for a more confident and sustainable future for Bikash Hydropower.
Conclusion
In conclusion, the announcement of Bikash Hydropower Company Limited’s 4th Annual General Meeting is a pivotal moment for the organization and its investors. The meeting, scheduled for 10th Ashoj, 2082, will tackle critical agendas, including a special proposal on regulatory compliance, the approval of financial reports, and the election of new directors. With a clear book closure date of 24th Bhadra, 2082, the company has ensured a transparent process for shareholder participation. This AGM is a powerful reflection of Bikash Hydropower’s commitment to good governance, accountability, and strategic foresight in Nepal’s rapidly developing hydropower sector. It is a crucial event that will not only provide an accurate picture of the company’s recent performance but also lay the groundwork for a future built on stakeholder confidence and long-term value.
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