Daunne Agro Farm Limited Calls AGM With Agenda to Discuss IPO Issuance

Daunne Agro Farm Limited has called its 7th AGM on 28th Mangsir, 2081. The meeting will be held in the Hotel Star Chitwan Pvt. Ltd., Ratnanagar, Chitwan, starting at 11:00 AM that day.

These are the agendas of the AGM:

1) Endorsement of the annual report of the company
2) Endorse the auditor's report for 2080/81 with PNL statements, financial reports, and cash flow reports.
3) To discuss the dividend-related agendas.
4) Appointment of the auditor and determination of their remuneration for the fiscal year 2081/82.
5) To authorize the Board of Directors to modify the Articles of Association and Regulations.
6) Miscellaneous.

ICRA Nepal has downgraded the long-term loan rating of Daunne Agro Farm Private Limited (DAF) to [ICRANP] LB+ (pronounced ICRA NP L B plus) from its previous rating of [ICRANP] LBB- (pronounced ICRA NP L double B minus) while reaffirming the short-term loan rating at [ICRANP] A4 (pronounced ICRA NP A four).

Daunne Agro Farm Private Limited (DAF), established in March 2018, specializes in poultry farming, focusing on ‘Layer Chicken’ and egg production. The company is backed by 40 institutional and individual shareholders, with Kisan Dana Udhyog Private Limited (KDU) holding the largest stake of approximately 29.4%. KDU supplies mash feed and eggs, serving as a key raw material provider for DAF. The company is chaired by Mr. Raghunath Bhatta, with Mr. Binod Pokharel serving as the managing director. DAF's factory and registered office are located in Binai Triveni-3, Nawalpur District, Gandaki Province, Nepal.

AGM Notice: