Lumbini Heritage Limited has announced plans to issue an Initial Public Offering (IPO) to the general public, subject to approval at its upcoming Annual General Meeting (AGM).

The decision was made during a board meeting held on Chaitra 24, which also scheduled the company’s first AGM for Baisakh 20 at 11:30 AM at its premises in Rupandehi.

The primary agenda of the AGM includes endorsing the proposal to issue IPO shares to the general public. In addition, shareholders will review and approve decisions made by the Board of Directors, along with the company’s annual report and financial statements for the previous fiscal year.

Following approval, the company is expected to proceed with regulatory processes for public share issuance.