Samriddhi Finance Limited and Pokhara Finance Limited, which are moving forward with a merger process, have called their Annual General Meetings (AGMs). Both boards decided to convene the AGMs during a meeting held on Poush 20. The AGMs for both institutions will begin at 11:00 AM on Magh 14.
AGM Details:
- Samriddhi Finance: 24th AGM to be held at Hotel Avocado, Hetauda, Makwanpur
- Pokhara Finance: 28th and 29th AGMs to be held at Darbarthok Banquet, Pokhara
During the AGMs, both institutions will approve their annual reports and complete financial statements for the previous fiscal year. Additionally, a special proposal related to the merger will be presented and approved by the shareholders.
For AGM purposes, both institutions have set Poush 30 as the book closure date. The merger is planned on a 1:1 share swap basis. Earlier, on Shrawan 4, both companies had signed a memorandum of understanding (MoU) to formalize the merger process.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
