Kathmandu. The 24th Annual General Meeting of Reedy Power Company Limited has been concluded. The meeting was held at Hotel Crystal Pashupati, Gaushala, Kathmandu.
The AGM held under the chairmanship of the Board of Directors of the company, Kuver Mani Nepal, approved the report of the Board of Directors for the fiscal year 2081/82. The meeting will approve the financial statements including the balance sheet, profit and loss account and cash flow statement along with the audit report, and appoint an external auditor for the fiscal year 2082/83 as per Section 111 of the Companies Act, 2063.
The AGM has also authorized the Board of Directors of the company to carry out necessary amendments to the Memorandum of Association and Articles of Association of the Company while updating the Company at the regulatory bodies including the Electricity Regulatory Commission, Securities Board of Nepal, Nepal Stock Exchange Limited, Office of the Company Registrar.
Similarly, the AGM has delegated authority to the Board of Directors of the company in case of sale of vehicles, scrap and other share assets of the company.
Speaking at the AGM, Chairman Nepal expressed his sincere gratitude to the shareholders, Board members and other well-wishers for their valuable suggestions and support in the growth and development of the company.
