15th September 2025, Kathmandu
Universal Power Company Limited has officially announced its upcoming Annual General Meeting (AGM) to approve several key financial proposals, including the distribution of dividends and the issuance of rights shares.
Universal Power Calls AGM
Universal Power Company Limited has officially announced its upcoming Annual General Meeting (AGM) to approve several key financial proposals, including the distribution of dividends and the issuance of rights shares. This meeting is an important event for the company as it seeks to reward shareholders and raise capital for future growth.
Details of the Annual General Meeting
The AGM is scheduled to take place on October 9, 2025 (Ashoj 23, 2082), at the Darbar Resto Hotel & Party Venue in Tikhedewal, Lalitpur, with the meeting commencing at 10:00 AM. This venue is a suitable location for a large gathering and ensures that all stakeholders have an opportunity to participate. The company has set a book closure date of September 24, 2025 (Ashoj 8, 2082). This means that only those shareholders who are registered in the company’s books up to the day before, September 23 (Ashoj 7), will be eligible to attend the AGM and receive the proposed dividends. It is a critical date for investors to keep in mind to ensure their eligibility.
Key Agendas for the Meeting
The AGM agenda is packed with significant proposals that will directly impact the company’s capital structure and investor returns. The key items to be discussed and approved are:
Dividend Distribution: The board of directors has proposed a 9% bonus share distribution to its shareholders. Additionally, a 0.4737% cash dividend will be provided to cover the tax obligations on the bonus shares, ensuring that the net benefit to shareholders is maximized. This dividend proposal reflects the company’s recent performance and its commitment to sharing profits with its investors.
Rights Share Issuance: A major proposal on the agenda is the plan to issue a 100% rights share in a 1:1 ratio to existing shareholders. This means that for every share an investor holds, they will be eligible to purchase one new share. The company will seek authorization from the shareholders to complete all the necessary legal and administrative processes for this significant capital-raising move.
Financial Statements and Audits: The meeting will also review and approve the annual reports, balance sheets, profit and loss accounts, and cash flow statements for the last three fiscal years: 2079/80, 2080/81, and 2081/82. This comprehensive review is a crucial aspect of corporate governance and financial transparency. Furthermore, the AGM will approve the auditor’s report for the fiscal year 2080/81 and appoint new auditors for the upcoming fiscal year 2025/26, along with setting their remuneration.
Board Elections: The AGM will also involve the election of two directors and the approval of the appointment of an independent director. These steps are aimed at strengthening the company’s leadership and corporate governance framework.
Significance for Investors
For investors, the AGM provides a crucial platform to directly engage with the company’s leadership and vote on proposals that will shape its future. The combination of bonus shares and a major rights issue is a strong signal from the company’s management that they are focused on both rewarding shareholders and funding ambitious growth plans. The capital raised from the rights issue will be used to strengthen the company’s capital base and finance future hydropower development projects, which is a key area of growth in Nepal’s energy sector. Investors who are eligible to attend the meeting will have the opportunity to gain insights into these expansion plans and ask questions directly to the board. It is highly recommended that eligible shareholders ensure their holdings are recorded by the Ashoj 7 cutoff date to participate in the meeting and claim their dividends and rights share eligibility.
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