Simrik Air to Hold AGM on Falgun 28, Plans IPO Issuance

Kathmandu: Simrik Air Limited has announced its Annual General Meeting (AGM). A meeting of the company’s Board of Directors held on Falgun 5 decided to convene the AGM on Falgun 28.

The meeting will take place at the company’s registered office located in Kathmandu Metropolitan City–32 and will begin at 5:00 PM.

The AGM will discuss and approve the Board of Directors’ annual report for the fiscal year 2081/82. It will also approve the audited financial statements, including the profit and loss account, balance sheet, cash flow statement, and the auditor’s report.

Under a special proposal, the meeting will pass a resolution to register the company with the Securities Board of Nepal and issue an Initial Public Offering (IPO) to the general public. The agenda also includes provisions to amend the company’s memorandum and articles of association if required.

Additionally, the meeting will appoint an auditor and determine their remuneration for the fiscal year 2082/83. A proposal regarding the distribution of cash dividends to shareholders will also be discussed.