Chandragiri Investment Group Limited has received approval from its Annual General Meeting (AGM) to issue an Initial Public Offering (IPO) to the general public.

The decision was endorsed during the company’s first AGM held on Monday, marking a key milestone in its expansion plans. The company currently has an authorized capital of Rs. 50 crore.

Alongside the IPO approval, the AGM also passed a proposal to distribute a 4% cash dividend based on the company’s paid-up capital.

The meeting unanimously elected a six-member board of directors, including Rajan Shrestha, Ramraja Acharya, Prakashman Shrestha, Dhirendra Shrestha, Shankar Maharjan, and Birendra Shrestha.

Additionally, shareholders approved the company’s annual report and auditor’s report, reflecting confidence in its financial performance and governance.

Chairman Rajan Shrestha stated that the company has already made strategic investments across multiple sectors, including ventures such as Indreni Mushroom Farm, The Nilaya Hotels, Kaule Vineyard Agro, Everest Colour, and Mero Kishan.

With plans to enter the capital market, the company aims to attract wider public participation and strengthen its position in Nepal’s investment sector.