Manakamana Daraundi Hydropower 7th AGM Scheduled
5th June 2026, Kathmandu
Manakamana Daraundi Hydropower Company Limited has officially announced its upcoming 7th Annual General Meeting.
Manakamana Daraundi Hydropower AGM
Following a strategic decision made during the board of directors meeting held on Jestha 18, the assembly is scheduled to take place on Ashadh 13 at Hotel Hardik located in Baghbazar, Kathmandu. The session will officially begin at 11:30 AM to address several critical regulatory approvals, auditing updates, and long-term capital arrangements.
Reviewing Audited Financials and Regulatory Compliance
The primary focus of this annual assembly centers on maintaining absolute financial transparency and fulfilling necessary regulatory compliance mandates. Shareholders will review and vote upon the comprehensive annual report for the fiscal year 2081/82, which will be formally presented by the executive chairperson.
In addition to the operational report, the assembly will deliberate on the company audited financial statements. This includes a detailed look into the balance sheet, profit and loss accounts, and cash flow statements to assess the overall fiscal health of the enterprise.
The meeting will also oversee the formal appointment of independent statutory auditors for the upcoming fiscal year 2082/83 and determine their official corporate remuneration packages.
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Strengthening Board Governance and Operational Regulations
Beyond standard financial reporting, Manakamana Daraundi Hydropower Company Limited aims to utilize this meeting to significantly strengthen its internal governance framework. The board will present a formal proposal for the appointment of a new independent director in strict accordance with the mandatory guidelines outlined in the Company Act 2063.
The agenda also includes securing formal shareholder approval regarding the salary and compensation structure for a full-time director. Furthermore, the company will seek permission to implement necessary amendments to its existing company regulations. These regulatory modifications will ensure that the firm internal policies remain fully aligned with the evolving legal provisions of the state.
Securing Long Term Bank Loans for Infrastructure Expansion
The most impactful segment of the upcoming assembly involves granting specialized financial and strategic authorizations directly to the board of directors. The leadership team is seeking official authorization to negotiate and secure robust long-term bank loans from commercial lenders.
These incoming funds are earmarked for project financing, allowing the company to sustain its heavy engineering activities without liquidity constraints. The board will also discuss structured financial management arrangements for upcoming hydropower projects in their development pipeline.
By passing these critical financial resolutions, the company will establish a secure pathway to execute its long-term expansion plans and enhance overall shareholder value in the coming fiscal year.
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