Ridge Line Energy to Hold AGM Ahead of IPO Plans

Ridge Line Energy Limited is preparing to go public with its first Initial Public Offering (IPO), marking a major shift from a private company to a publicly traded one.

The company has scheduled its Annual General Meeting (AGM) for Bhadra 4 at Hotel Himalaya, Lalitpur, starting at 3 PM. This meeting will be important as shareholders will vote on a special resolution to approve the IPO. If passed, this will allow the company to raise money from the public and change its capital structure.

The AGM will also discuss how the raised funds will be used to support future growth. Additionally, the board will propose a cash dividend, showing confidence in the company’s financial health and commitment to rewarding shareholders.

Another key agenda item is the election of a new director to fill a vacant seat on the board, strengthening leadership as the company moves toward listing in the stock market.