Greenply Nepal Company Calls Special General Meeting To Seek Shareholder Approval For IPO

23rd July 2026, Kathmandu

Greenply Nepal Company Limited has officially called an Special General Meeting to seek formal approval from its valued shareholders for an ambitious proposed Initial Public Offering.

Greenply Nepal Calls SGM

The board of directors convened on Shrawan 5 to finalize the scheduling details, procedural agenda, and administrative framework for the upcoming meeting. The decision to convene the assembly marks a major corporate milestone for the manufacturing enterprise as it moves toward expanding its financial capital base and opening equity participation to the general public.

Meeting Schedule and Operational Venue Details

The Special General Meeting is scheduled to take place on Shrawan 22, 2083, commencing promptly at 11:00 AM. The company has designated its registered corporate office, located in Budhiganga Rural Municipality Ward Number 5 within the Morang district, as the official physical venue for the assembly. Shareholders, institutional representatives, and corporate officers are expected to gather to discuss and deliberate on several crucial strategic resolutions aimed at reshaping the capital structure of the organization.

The Primary Agenda: Public Share Issuance Plan

The central agenda of the Special General Meeting revolves around approving a comprehensive proposal to issue 1.64 million ordinary shares to the general public through an Initial Public Offering. This proposed public issuance represents exactly 20 percent of the total issued capital of the company.

By floating 20 percent of its total issued equity, Greenply Nepal Company Limited aims to raise substantial primary capital from the retail and institutional investment market. The influx of public funds is expected to strengthen the balance sheet of the company, support operational expansion, optimize working capital management, and enhance long term corporate liquidity.

Foundership Shares and Capital Structure Adjustments

In addition to the public share floatation, the Special General Meeting will address important proposals regarding founder shares and reserve funds. Shareholders will evaluate and vote on a specific proposal concerning the issuance of founder shares at a premium price using funds drawn from the corporate reserve fund.

This strategic adjustment to the capital structure aims to align founder equity values with the overall commercial growth and accumulated reserves of the enterprise. The resolution will ensure that the capital base is adequately restructured and capitalized ahead of formal regulatory submissions for the public offering.

Special Resolutions and Regulatory Authority Delegations

To facilitate the execution of the Initial Public Offering, the Special General Meeting will consider a series of special resolutions empowering the executive leadership team. Shareholders will vote on granting full authority to the Board of Directors to navigate the regulatory approval process, coordinate with financial advisors, and oversee all operational arrangements connected to the share issuance.

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Under this proposed authority, the Board of Directors will be empowered to appoint issue managers, legal counselors, auditors, and share registrars necessary for conducting the offering. Furthermore, the board will be authorized to execute necessary legal agreements, prepare formal prospectuses, file applications with capital market regulatory authorities such as the Securities Board of Nepal, and coordinate with the Nepal Stock Exchange for eventual share listing. The board will also be granted the power to amend corporate governance documents including the Memorandum of Association and Articles of Association if required by regulatory mandates during the review process.

Strategic Significance for Greenply Nepal Company Limited

The decision by Greenply Nepal Company Limited to transition toward a publicly traded corporate entity reflects a broader strategic vision aimed at achieving sustainable industrial expansion and institutional transparency. Based in the industrial hub of Morang district, the company has established an operational presence in the manufacturing and distribution of quality plywood products, boards, and related timber materials.

Capital market participation provides manufacturing companies in Nepal with a reliable avenue for long term financing, reducing reliance on high cost debt financing from commercial financial institutions. By tapping into public capital, Greenply Nepal Company Limited can fund infrastructure upgrades, raw material procurement systems, and capacity expansion drives while offering local and national investors an opportunity to participate in the commercial success of the domestic manufacturing sector.

Implications for Nepal Capital Market and Investors

The upcoming Initial Public Offering from Greenply Nepal Company Limited adds positive momentum to the primary capital market of Nepal, which continues to see growing interest from retail investors across the nation. The inclusion of industrial and manufacturing enterprises in the stock exchange diversifies investment options beyond traditional banking, financial, and hydropower sectors.

For retail investors and institutional funds, the public offering presents an opportunity to gain equity exposure to a specialized manufacturing entity with established operational roots in Eastern Nepal. The formal approval of the public offering agenda during the Shrawan 22 Special General Meeting will pave the way for regulatory filings, prospectus publication, and eventual public subscription dates in the near future.

Conclusion and Next Steps for Shareholders

The upcoming Special General Meeting on Shrawan 22, 2083, represents a decisive moment for Greenply Nepal Company Limited and its corporate stakeholders. The board of directors has encouraged all eligible shareholders to participate in the meeting, examine the proposals thoroughly, and exercise their voting rights on the special resolutions presented.

Upon securing shareholder approval during the assembly, the management team and Board of Directors will proceed with formal filings to regulatory authorities to finalize the timeline and structural details of the 1.64 million share public offering. Through this corporate transformation, Greenply Nepal Company Limited aims to build a robust financial foundation, foster corporate governance excellence, and deliver long term value to both existing founders and prospective public investors.

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