The third annual general meeting of Sarbottam Cement Limited was held on January 25.
The meeting discussed and decided on various important issues. First of all, it was decided to discuss and pass the balance sheet, profit and loss account and cash flow statement of FY 2020/21 including the report of the auditor. Similarly, it has been decided to appoint Subhas & Company Chartered Accountants as the auditor as recommended by the Board of Directors for FY 2020/21.
Also, under special proposals, it has been decided to conduct initial public issue of securities by issuing 6,000,000 shares through book building method. Similarly, they have allocated budget for the mining process of Kandranga Gadhi mines in Dhading. It has also been decided to approve the decision of the Board of Directors to purchase the mine at a preliminary cost of Rs 150,100,000.
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