NC Agro Tech Industries Concludes Annual General Meeting Ahead of IPO Launch

NC Agro Tech Industries Limited has successfully conducted its seventh Annual General Meeting at Safe Hospitality and Party Venue in Basundhara, Kathmandu. During the meeting, shareholders approved the Board of Directors’ report for the fiscal year 2081/82 along with the auditor’s report, balance sheet, profit and loss account, and cash flow statement.

According to the financial report presented at the meeting, the company has an issued capital of NPR 75 crore and a paid-up capital of NPR 56.25 crore. It holds bank liabilities of NPR 3.56 crore, while its retained earnings stand at NPR 1.46 crore. The company reported earnings per share (EPS) of NPR 4.20 and a net worth per share of NPR 102.60. NC Agro Tech has also announced plans to issue 18.75 million ordinary shares to the public. The company has already submitted its application for an Initial Public Offering (IPO) to the Securities Board of Nepal (SEBON), and the process is currently under review.

NC Agro Tech Industries is engaged in the production of various agricultural and organic products, including different varieties of mushrooms, bamboo-based goods, coal, and organic fertilizers. The company currently provides employment to more than 170 individuals.

The AGM also endorsed future plans that include the public issuance of shares, expansion of organic fertilizer and medicinal mushroom production, installation of a canning plant, and operational launch of its subsidiary company, NC Bio Green Products Limited.