Modi Energy to Hold Special General Meeting for Rights Share Issuance
Modi Energy Limited is set to hold a Special General Meeting on Asar 19 to seek shareholder approval for a 1:1 rights share issuance. This move aims to double the company’s paid-up capital and support its growth plans. The meeting will also cover capital increase and board director appointment, with a book closure on Asar 12 to finalize eligible voters.
Modi Energy Limited has unveiled plans to strengthen its financial foundation through a rights share offering. Following a board resolution on Asar 2, the company will hold a Special General Meeting (SGM) on Asar 19 at Rani Mahal Banquet Hall, Gyaneshwor, Kathmandu, commencing at 11 AM.
The proposal on the table includes issuing rights shares on a one-to-one basis, allowing existing shareholders to purchase one new share for every share they currently own. This offering is calculated against the company\\\