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’s excellence.
Key Highlights and Decisions from the AGM:
1.Endorsement of Annual Report and Audits:
The AGM began with the unanimous endorsement of
The AGM began with the unanimous endorsement of
our Annual Report and Audits, demonstrating our commitment to transparency and accountability.
2.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.
3.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.
4.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.
5.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 energy excellence.
For inquiries and more information, please write us an email at [email protected] or call us at 01-
5912283.
