UHEWA Promoter Shareholder Plans to Sell 80,000 Shares

Upper Hewakhola Hydropower Company Limited (UHEWA) has received a notice from one of its promoter shareholders regarding the proposed sale of 80,000 shares held in the company. According to the company, promoter shareholder Bhim Lal Paudyal submitted an application on Ashwin 7, 2083 (September 23, 2026), expressing his intention to sell the shares within the next three months. The company disclosed the information in line with regulatory requirements governing the sale of shares by promoter shareholders. The disclosure has been made pursuant to Section 84(1) of the Securities Act, 2063 and a directive issued by the Securities Board of Nepal (SEBON) through letter no. 499 dated Bhadra 9, 2083. Under the applicable provision, promoter shareholders intending to sell 5% or more of their shareholding are required to notify the respective listed company at least 15 days before the proposed sale. The company has issued the notice to inform its investors and other stakeholders about the promoter shareholder’s proposed share sale.