Simrik Air Announces AGM on Ashadh 25: IPO at Premium and Bonus Share Proposal on Agenda

Simrik Air Limited has officially announced that it will be holding its Annual General Meeting (AGM) on Ashadh 25 (corresponding to July 9). The meeting is scheduled to take place at the company's registered office in Kathmandu at 5 PM.

One of the major highlights of the upcoming AGM is the proposal to issue an Initial Public Offering (IPO) at a premium price. This move is expected to attract investors seeking long-term value in Nepal's aviation sector. Additionally, the company has included a proposal to distribute bonus shares to its shareholders, signaling strong financial performance and confidence in future growth.

The meeting will also review and approve the company’s annual report for the last fiscal year. Shareholders will be presented with detailed financial statements, including the profit and loss account and the cash flow report. These documents are set to be discussed and passed during the session, as part of the company’s standard annual compliance and transparency practices.