Kathmandu. The special annual general meeting of Everest Color Limited concluded today. The Special General Meeting held at the Central Office, Kaushaltar, Bhaktapur has approved a proposal to issue ipo to the general public at the rate of Rs 300 million and 26.33 percent (7,90,000 units) of that capital at the rate of Rs 100.
Earlier, the annual general meeting had approved a proposal to issue an IPO at Rs 50 per share. The special general meeting held today decided to increase the capital by revising the per share price of the IPO.
Similarly, Kapil Dev Mahto has been appointed as an independent director. A special general meeting chaired by Maheshwor Khanal, chairman of the board of directors of the company, passed other general and special resolutions proposed by the board of directors.
Care Ratings Nepal Limited has awarded double B Minus Rating to the company which is operating with the main objective of serving the country by using quality Everest color, creating employment and contributing to internal revenue, especially in the physical infrastructure of Nepal and Nepali.
