Purvanchal Lube Oil Limited is going to issue an IPO. The company has called for a general meeting to issue the IPO proposal. The meeting will start at 11 a.m. on Poush 29 at the company’s registered office, Sundar Haraicha-9, Morang.
The proposal to distribute bonus shares to shareholders will also be discussed at the meeting. There will be a review of the financial year 2079-80, including profit and loss and cash flow. The agenda to appoint auditors for the financial year 2080-81 will also be included.
After the approval of the IPO proposal at the general meeting, the company will proceed with further processes. The company has also announced the appointment of a sales manager to submit an application to the Securities Board.