Jay Ambe Steels Limited (JSL) will convene its Annual General Meeting (AGM) on 26th Poush, 2080 at the company’s corporate office in Teku, Kathmandu.
The AGM will consider the following key agendas:
- Proposal to issue ordinary shares to the general public (IPO).
- Endorsement of the auditor’s report with profit and loss statements, financial reports, and cash flow statements.
- Appointment of an auditor for the fiscal year 2080/81.
- Formation of the Board of Directors and approval to increase the company’s authorized capital.
- Election of a representative to sign the minutes of the meeting.
Founded in 2017, JSL has emerged as a key player in Nepal’s steel manufacturing sector. Backed by the Ambe Group, the company operates its plant in Banke district, while the Group also runs an established steel facility in Bhairahawa.
JSL manufactures TMT bars, binding wires, and GI wires under the Ambe Steels brand. The company operates its own billet manufacturing unit for TMT production, sources pig iron and sponge iron from India, and procures scrap locally.
The company is jointly owned by the Neupane, Agarwal, and Poudyal families. Mr. Shovakar Neupane serves as Chairman and Managing Director.
Source: Sharesansar
