Everest Colour Limited Revises IPO Price to Rs 100, Appoints New Director

Everest Colour Limited held a special annual general meeting at its Central Office in Kaushaltar, Bhaktapur, where it approved a revised proposal to issue an IPO of Rs 30 crore, offering 7,90,000 units (26.33% of the capital) at Rs 100 per share. This replaces the earlier proposal of Rs 50 per share.

The meeting, chaired by Board Chairman Maheshwor Khanal, also appointed Kapil Dev Mahto as an independent director and passed several general and special resolutions. The company, focused on contributing to Nepal’s infrastructure development through quality products and employment generation, has received a BB- rating from Care Ratings Nepal.