The AGM will discuss shareholding structure, potential merger plans, auditor appointment, and financial approvals for the previous fiscal year.
NMB Laghubitta Bittiya Sanstha Limited is holding its 12th Annual General Meeting (AGM) today, Asar 32, starting at 9:00 AM at Hotel City Square Pvt. Ltd. in Pokhara. The meeting will discuss and approve several key proposals, including maintaining the shareholding structure of 51% promoters and 49% public shareholders. A proposal will also be tabled to authorize the board of directors to initiate a merger process with other suitable microfinance institutions. This includes granting authority to amend the company’s Memorandum and Articles of Association, if required, to facilitate any potential merger or acquisition.
Additionally, the AGM will approve the financial statements of the previous fiscal year and appoint an auditor for the current fiscal year along with determining the auditor’s remuneration. For the purpose of the AGM, the company had set a book closure date on Asar 24, meaning only shareholders registered in NEPSE by Asar 23 are eligible to participate in the meeting.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
COMMENTS