Unnati Sahakarya Laghubitta Bittiya Sanstha Limited will hold its 11th Annual General Meeting (AGM) on Saturday, Chaitra 28, at 10:00 AM at Asian Buddha Hotel, Bhairahawa Sub-Metropolitan City–8, Rupandehi. The decision was made during the company’s 251st Board of Directors meeting held on Chaitra 5.
The AGM will present a proposal to grant the Board full authority to initiate necessary processes for mergers or acquisitions with other licensed microfinance institutions. Additionally, a proposal will be tabled to amend the company’s Articles of Association to maintain 55.58% shareholding for the founder group and 44.42% for the general public.
Furthermore, a proposal will seek to authorize the Board or designated officials to make amendments in accordance with any directives or recommendations from the regulatory authority. The meeting will also review and approve the annual report for FY 2081/82, along with the auditor’s report and financial statements.
The AGM will also present proposals to approve the appointment of one vacant director representing the founder group, conduct elections for the remaining term, and appoint external auditors and determine their remuneration for FY 2082/83.
For the AGM, the company has declared a one-day book closure on Chaitra 16. Only shareholders registered in the company’s share register on NEPSE as of Chaitra 15 will be eligible to participate.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
