Chandragiri Investment Group to Issue IPO, AGM Approves Key Proposals

Chandragiri Investment Group Limited has decided to issue an Initial Public Offering (IPO) for the general public following the approval of its first Annual General Meeting (AGM) held today.

The meeting endorsed a proposal to float shares to the public, marking a significant step in the company’s expansion strategy. The company currently has an authorized capital of Rs 50 crore.

The AGM also approved the distribution of a cash dividend at the rate of four percent of the paid-up capital. Chairman Rajan Shrestha informed that six board members were unanimously elected during the meeting.

The newly elected board comprises Rajan Shrestha, Ramraja Acharya, Prakashman Shrestha, Dhirendra Shrestha, Shankar Maharjan, and Birendra Shrestha.

The meeting also passed the company’s annual report and the auditor’s report, both presented by Chairman Shrestha. The approvals reflect shareholder confidence in the company’s performance and governance practices.

Chairman Shrestha stated that the company, operating as a holding entity, has already made strategic investments across diverse sectors. These include ventures such as Indreni Mushroom Farm, The Nilaya Hotels, Kaule Vineyard Agro, Everest Colour, and Mero Kishan.

With plans to enter the capital market through an IPO and its growing portfolio of investments, Chandragiri Investment Group aims to strengthen its presence in Nepal’s investment sector. The company expects the move to attract broader public participation while supporting its long-term growth ambitions.