Early Times Report
JAMMU, Sept 20: The 10th Annual General Meeting of Chenab Valley Power Projects Private Limited was held under the Chairmanship of Suresh Kumar, CVPPPL here today. The annual account for the year 2020-21 was adopted in the AGM and shareholders approved implementation of Kirthai-II 930 MW HEP Project by CVPPPL and transfer of Dulhasti Stage-II to NHPC Limited as per MOU signed on 03.01.2021 along with increase in Authorised Share Capital of the Company from Rs 3500 Crores to Rs 5200 Crores.
In the meeting, Shareholders took note of the change in shareholding pattern of CVPPPL from 49 (NHPC): 49 (JKSPDC):2(PTC) to 51(NHPC):49(JKSPDC) and resolved that pursuant to applicable provisions of Section 2(87) of the Companies Act, 2013, CVPPPL has become a Subsidiary of NHPC Limited, which is Government of India Enterprise, in which NHPC Limited holds 51% shareholding and further consequential follow up action shall be taken by CVPPPL after receipt of signed Supplementary Promoters Agreement between NHPC and JKSPDC. The AGM was attended by Board members namely R P Goyal, Director (Finance) NHPC, Y K Choubey, Director (Technical) NHPC and A K Choudhary, MD CVPPPL along with K K Goel, ED (Finance) & S. Anand, Company Secretary besides CA Raj K.Mehra, statutory auditors through video conferencing. |
