The meeting is supposed to endorse a proposal of issuing IPO worth Rs 67.4 million. The company is planning to reset its capital structure to 67.50:32.50 of a promoter and general shareholders.
Thus, the company is set to issue 32.5 percent IPO of its issued capital. The company will issue 674,050 units of shares worth Rs 67.4 million to the general public.
Moreover, the AGM is delegating authority to BOD for possible merger and acquisition with other suitable partners.
Similarly, Sarathi Laghibitta (SLBSL) has called out its 1st AGM on December 13 in Hotel Santosh, Damauli, Tanahu at 11:00 AM.
The meeting is subjected to endorse a proposal of increasing is paid-up capital to Rs 120 million from existing Rs 100 million for which it has proposed of issuing 15.71 percent right issue.
Moreover, the company is also searching for a suitable partner for a merger, as its upcoming AGM is delegating authority to BOD to forward the required procedure.
