Himalayan Bullion Company Limited First Annual General Meeting and Financial Review 2082/83
1st February 2026, Kathmandu
Himalayan Bullion Company Limited has officially issued a notice for its first Annual General Meeting (AGM), scheduled to be held on Falgun 10, 2082. The decision was formalized during a Board of Directors meeting held on Magh 15, 2082, marking a significant milestone for the newly established bullion trading and processing firm.
Himalayan Bullion Company AGM
The meeting is set to take place at the company registered office located in Ward Number 1 of Kathmandu Metropolitan City at 11:00 AM. This first AGM is particularly crucial as the company seeks to formalize its operational structure and lay the groundwork for a potential public offering in the coming years.
Key Agenda and Strategic Growth
The primary agenda for the first AGM covers several fundamental corporate actions required for the bank to transition into its next phase of growth. Shareholders will be asked to discuss and approve the directors report and the audited financial statements for the fiscal year 2081 2082.
Auditor Appointment: The meeting will involve the appointment or reappointment of auditors for the fiscal year 2082 2083 and the determination of their remuneration.
Capital Increase: A vital discussion point is the proposed increase in the company authorized, issued, and paid up capital to support its expansion in the precious metals market.
Board Reconstitution: The AGM will facilitate the reorganization of the Board of Directors to better align with the institutional goals of the company.
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IPO Preparation: Notably, the board will seek the authority to initiate the process for an Initial Public Offering (IPO) to the general public, which represents a major strategic move for the institution.
Operational Infrastructure and Future Goals
As a specialized bullion company, Himalayan Bullion is positioning itself to provide high quality refining and trading services within Nepal. The current management under Chairman Sumant Jajodia is focusing on establishing robust compliance and quality assurance protocols that meet international standards. The proposed amendments to the company memorandum and articles of association, which are on the AGM agenda, are designed to provide the necessary legal flexibility for these diverse operations.
Financial Management and Compliance
The upcoming AGM will also address the determination of allowances for board members and the remuneration for the Managing Director. By formalizing these governance structures early on, the company aims to ensure transparency and accountability to its founding shareholders. The discussion on “Miscellaneous” items at the end of the meeting will allow for an open dialogue between the management and shareholders regarding the volatile global gold and silver prices and how the company plans to hedge against such market risks in the 2082 2083 period.
Industry Outlook and Market Position
The entry of organized bullion companies like Himalayan Bullion is expected to bring more structure to the Nepalese precious metals market, which has traditionally been dominated by fragmented retail jewelers. By centralizing large scale trading and refining, the company can offer better pricing and standardized purity to its institutional and retail clients. The strategic decision to move toward an IPO indicates that the management is confident in the company long term scalability and its ability to attract public investment.
Conclusion and Shareholder Participation
The first Annual General Meeting of Himalayan Bullion Company Limited serves as the definitive starting point for its journey as a public facing institution. With a clear focus on capital growth, governance, and a future IPO, the company is signaling its intent to become a leading player in the national economy. Shareholders are encouraged to attend and provide their input on the company roadmap to ensure that the foundation laid in 2082 leads to sustainable returns in the years to follow.
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