Kathmandu. Modi Energy Company is going to issue right shares.

The company is issuing rights shares in the ratio of 1:1 of the current paid-up capital of Rs 2.9billion. For this, a special general meeting has been called for June 15.

The company has said in the meeting that it will increase the authorized and issued capital of the company regarding the use of the capital received after the issue of right shares and amend the management letter accordingly.

Similarly, there is a proposal to approve the appointment of one director vacant on behalf of the founding group.