Upper Syange Hydropower Limited has moved forward with its plan to issue 100% rights shares in a 1:1 ratio. The company has appointed NIMB S Capital Limited as the issue and sales manager for the proposed rights offering.

The company plans to issue rights shares equivalent to its existing paid-up capital of Rs. 220 million, allowing existing shareholders to subscribe to one additional share for every share they currently own.

The proposal to issue the rights shares was approved during the company's Annual General Meeting held on October 26, 2025 (Ashoj 9, 2082 BS). Following that approval, the Board of Directors, in its meeting held on July 29, 2026 (Shrawan 14, 2083 BS), formally appointed NIMB S Capital as the issue manager.

The rights issue will proceed after obtaining the necessary approvals from the relevant regulatory authorities, and the company is expected to announce the detailed schedule in due course.