Jai Ambe Steels Limited has announced that it will issue a primary public offering (IPO) at a premium price for the general public. The company’s Board of Directors, in a meeting held on Magh 23 (B.S.), approved the proposal to convene the 3rd Annual General Meeting (AGM) on Falgun 14 (B.S.).
The AGM will seek shareholder approval to authorize the board with full responsibility for the IPO issuance. In addition, the meeting will also approve the annual report and financial statements for the fiscal year 2081/82, appoint auditors for the current fiscal year, and determine their remuneration.
Operating under the Ambe Group, Jai Ambe Steels has been producing steel using modern technology, contributing to the advancement of Nepal’s steel industry.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
