Asian Concreto Limited to Issue IPO; Annual General Meeting Scheduled for Kartik 19

Asian Concreto Limited has moved forward with preparations to issue an Initial Public Offering (IPO) for the general public. To approve the IPO proposal, the company has called its Annual General Meeting (AGM) on Kartik 19, 2082 (November 4, 2025).

According to the company, the Board of Directors’ meeting held on Ashwin 28 decided to convene the AGM at 12:30 PM at the company’s office in Nawalparasi. The meeting will present a special proposal to issue IPO shares to the general public at a premium price. Additionally, the company will propose to allocate shares to investors from the related sectors and groups from the portion reserved for the general public.

The AGM will also discuss a proposal to restructure the company’s Board of Directors after the IPO issuance and to authorize the board to make necessary decisions and carry out related tasks.

Furthermore, the company stated that the AGM will also endorse the annual report, audit report, and financial statements of the previous fiscal year, along with other general and special resolutions.