Annapurna Cable Car Limited, located in Ward No. 18 of Pokhara Metropolitan City at Sedibagar, has officially announced the issuance of rights shares to its existing shareholders. This follows a resolution passed during the company’s annual general meeting (AGM) held on 2081/12/31.
As per the decision taken in the AGM, the company will issue 4,560,000 units of rights shares at a face value of NPR 100 each, in the ratio of 1:0.4. This means that for every one share held, shareholders are eligible to apply for 0.4 additional shares.
The announcement, first published on 2082/01/08, is a call to all existing shareholders to take timely action. Shareholders interested in subscribing to the rights shares must deposit the required amount into the designated bank accounts within 35 days from the date of the notice’s publication. After making the payment, they are required to submit the deposit slip either physically at the company’s registered office or through email.
Shareholders are reminded that no claims or complaints will be entertained after the expiration of the 35-day period. Additionally, if shareholders wish to apply for more shares than their rights entitlement, they are advised to mention the desired additional quantity in their application.
For any queries or additional information regarding the rights share issuance process, interested shareholders can contact the company at phone number 9841810084 or email [email protected]. They may also directly visit the company’s registered office during office hours.
This rights share issuance marks an important step in Annapurna Cable Car Limited’s efforts to increase its paid-up capital and strengthen its financial standing as it continues expanding services in Nepal’s growing tourism infrastructure.
