Cosmic Electrical Limited Calls SGM With Agenda to Discuss IPO
Mon, Aug 5, 2024 10:20 AM on Latest, IPO/FPO News,
Cosmic Electrical Limited called its SGM on 5th Bhadra, 2081. The meeting will be held in the Company's Register Office, Sanepa, Lalitpur, starting at 11:00 AM.
These are the agendas:
1) To increase the authorized and issued capital of the company.
2) To amend the articles of association and regulations.
3) To issue ordinary shares of the company to the general public.
4) To discuss the total amount received from the public issue.
5) Miscellaneous.
ICRA Nepal has reaffirmed the long-term rating of [ICRANP] LBB- (pronounced ICRA NP L Double B minus) to the long-term loan limits of Cosmic Electrical Limited (CEL), and also reaffirmed the short-term rating of [ICRANP] A4 (pronounced ICRA NP A four) to the company’s short-term loan limits.
Incorporated as a private limited company in 2000 and converted to a public limited company on November 17, 2022, Cosmic Electrical Limited (CEL) is a Class-A contractor specializing in the transmission and distribution line segment. CEL is closely held, with approximately 80% of its shares owned by its chairman, Mr. Mahesh Mahato, and around 19% held by his wife, Ms. Nita Gami Mahato, among other shareholders.
