Everest Colour AGM Concludes, Authorizes Board for IPO Process
Everest Colour AGM Conclude
16th December 2025, Kathmandu
Everest Colour Limited successfully Everest Colour IPO process has been authorized following its second Annual General Meeting (AGM).
Everest Colour AGM Conclude
The AGM, held on Mangsir 29 (December 15, 2025), was chaired by the company’s chairman. This significant decision moves the company closer to issuing its Primary Shares (IPO) to the public.
Shareholders actively engaged in the discussions. They provided the Board of Directors with the necessary mandate to proceed with the crucial public offering process.
Key Approvals from the Second AGM
The general assembly thoroughly discussed and unanimously passed several critical resolutions. The financial health of the company was a major agenda point.
Shareholders reviewed and approved the annual report for the fiscal year 2081/082. This comprehensive report included the detailed financial statements.
Financial Statements Approved: The audited financial statements, including the Balance Sheet, Profit and Loss Account, and Cash Flow Statement, received unanimous approval.
Auditor Appointment: A proposal for the appointment of the statutory auditor and the determination of their remuneration for the upcoming fiscal year 2082/083 was also successfully passed.
Board Decisions Ratified: The AGM formally ratified all decisions and actions executed by the Board of Directors during the review period.
Special Resolution: Focusing on the Public Offer
The highlight of the assembly was the discussion on the special resolution concerning the Initial Public Offering (IPO). The Everest Colour IPO process requires formal shareholder approval. This resolution specifically focused on the issuance of the company’s primary shares.
The shareholders granted full authority to the Board of Directors. This authorization allows the board to initiate all necessary procedures.
They will now actively begin the regulatory and technical steps for the IPO. This move signals a strong commitment to expanding the company’s capital base. It also opens the door for public participation in the company’s growth journey.
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Amendment Authority Granted
The AGM also proactively addressed future regulatory requirements. A resolution was passed to grant authority regarding potential amendments to the company’s foundational documents.
The Board of Directors, or an individual designated by the board, received the right to amend the Memorandum of Association (MOA) and Articles of Association (AOA).
This power can be exercised if required by regulatory bodies. This flexibility ensures the company can swiftly comply with any new directives from governing authorities.
Commitment to Growth and Sustainability
Post-AGM, the management team reiterated their core commitment to sustained development. They expressed a clear strategy focused on continuous improvement and expansion.
Production Capacity Expansion: The company plans to significantly increase its production capabilities in the coming days. This expansion is essential to meet growing market demand.
Quality Improvement: A strong focus will be maintained on further enhancing product quality. Superior quality is a key competitive differentiator for Everest Colour.
Sustainable Development: The company will prioritize sustainable and eco-friendly practices in its operations. This commitment aligns with modern corporate governance standards.
What This Means for the Market
The authorization to pursue the Everest Colour IPO process is a major development in the local corporate landscape. An IPO allows the company to transition from a private to a public entity.
This step not only raises significant capital for expansion but also increases transparency and corporate governance standards. Investors and market watchers will now closely observe the steps the Board takes.
The successful completion of the IPO will inject fresh funds into the company. These funds are vital for realizing the stated goals of production expansion and quality enhancement. The market is ready to welcome new listings, and Everest Colour is now on a clear path to becoming one of them.
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