Laxmi Techno Plast Limited, a renowned player in the plastic products and furniture industry, has officially announced the eagerly awaited 7th Annual General Meeting (AGM). This AGM is scheduled to take place on the 11th of Mangsir, 2080, at the company’s headquarters in Hetauda, Makwanpur, with a prompt start time of 11:00 AM.
The central focus of this upcoming AGM revolves around a significant proposal to issue an Initial Public Offering (IPO) to the general public at a premium price. The company intends to grant its Board of Directors (BoDs) full authority to oversee and carry out all the necessary procedures associated with launching the IPO at a premium valuation.
Laxmi Techno Plast Limited, recognized for its successful brands Marigold Plastics and Om Shivam Pipes and Fittings, has built a formidable reputation in the industry since its establishment in 2005. With an extensive product line encompassing a wide range of high-quality plastic products, the company has made its mark in both household essentials and industrial requirements.
Operating under the Marigold Plastics brand, the company takes pride in offering a diverse selection of plastic products, spanning from kitchenware to furniture, all crafted using PET/PETE plastic pellets known for their structural integrity. These products are designed with an emphasis on recyclability and food safety, providing both convenience and aesthetic appeal for homes. The JB Maru Group, under whose visionary leadership Laxmi Techno Plast operates, has a rich and storied history that spans over a century.
Founded in 1937, the JB Maru Group has evolved from its industrial origins to engage in various business ventures. Laxmi Techno Plast, as a distinguished entity within this conglomerate, has consistently demonstrated innovation, quality, and a commitment to meeting the ever-changing needs of consumers.