We are pleased to announce the successful conclusion of SEED Energy Limited’s 2nd Annual General Meeting (AGM) held on October 4, 2023. This event marked a significant milestone in our journey towards Investment excellence.
Key Highlights and Decisions from the AGM:
- Endorsement of Annual Report and Audits: The AGM began with the unanimous endorsement of our Annual Report and Audits, demonstrating our commitment to transparency and accountability.
- Thank You to Shareholders: SEED Energy extends gratitude to all shareholders for their support during the 10:3 rights share issue. This initiative boosted our paid-up capital from NPR 684.18 million to NPR 889.4 million, reinforcing our financial stability.
- Issue Capital Increase: Shareholders unanimously approved an increase in our Issue Capital from NPR 1.05 billion to NPR 1.15 billion, empowering us to fuel our growth and better serve our valued stakeholders.
- Endorsement of Plans to Raise Additional Capital: The AGM saw approval for raising additional capital of NPR 260.4 million through a mixed process of Private Placement Offerings (PPO) and Initial Public Offerings (IPO). A minimum IPO allotment of NPR 115 million was confirmed, with the remainder sourced through the PPO process.
- Future Investment Plans: SEED Energy Limited announced plans for future investments in key sectors, including energy, manufacturing, and tourism. These initiatives were supported by the recently raised NPR 205.26 million through rights shares and the planned NPR 260.4 million through PPO and IPO.
We extend appreciation to all our shareholders for their trust and confidence in SEED Energy Limited. Together, we paved the way towards a sustainable and prosperous future.
Stay tuned for further updates on our journey towards Investment excellence.
For inquiries and more information, please write us an email at [email protected] or call us at 01-5912283.