Jagdamba Steels holding its general meeting on March 15
The meeting will begin at 11:30 a.m. at the company's registered office in Naxal, Kathmandu, according to the company.
KATHMANDU: Jagdamba Steels Limited has scheduled its first annual general meeting for March 15.
The company’s board of directors met on March 8 and decided to hold the meeting on Feb 20.
The meeting will begin at 11:30 a.m. at the company’s registered office in Naxal, Kathmandu, according to the company.
The company’s meeting will approve a special proposal to issue an IPO at a premium price. The proposal for the distribution of bonus shares was approved by the company’s general meeting.
However, the number of bonus shares has not been disclosed.
The meeting will also approve a proposal to increase the company’s authorized, issued, and paid-up capital.
Furthermore, it stated that the financial statements and annual report for the fiscal year 2078/079, as well as the appointment of an auditor for the current fiscal year and the determination of his remuneration, will be approved.
The meeting will pass several resolutions, including the appointment of independent directors, as well as the remuneration and allowance determination.
