Makalu Wine Industries Limited has convened a Special General Meeting (SGM) to approve the issuance of an Initial Public Offering (IPO) equivalent to 20% of the company's issued capital. The decision was made during the company's board meeting held on Shrawan 6.

The SGM will be held on Shrawan 23 at 11:00 AM at Soltee Westend in Itahari. Shareholders will consider a proposal to issue 1 million ordinary shares through an IPO. The meeting will also discuss issuing founder shares at a premium from the reserve fund and approve other necessary authorizations related to the proposed share issuance.