Matribhumi Laghubitta Bittiya Sanstha is going to hold its 7th Annual General Meeting to pass proposals for issuing 100 percent right shares and Further Public Offering to the public.
Matribhumi Laghubitta Bittiya Sanstha has called its seventh Annual General Meeting on Ashad 32. The meeting will start from 10:00 AM at company central office located in Lamki of Kailali district. Shareholders will discuss on major financial decisions during this meeting.
Right Shares and FPO Proposals
In the meeting, the microfinance company will present a special proposal to issue 1:1 ratio right shares. This means existing shareholders can buy 100 percent right shares at the rate of Rs. 100 per share. This right share will be calculated based on current paid-up capital of company.
Along with this, company is also planning to bring Further Public Offering worth Rs. 11 crore 49 lakh 98 thousand 260. The main reason behind issuing this FPO is to maintain promoter and public shareholding ratio at 70 percent and 30 percent respectively.
Merger Decisions and Book Closure Date
The AGM will also discuss and take decision on a special proposal about merger and acquisition with other suitable microfinance institutions. Additionally, the meeting will approve the annual and financial reports of fiscal year 2081/82. The company will also appoint auditor for current fiscal year 2082/83 and fix their salary.
For the purpose of this AGM, company has decided to close its books on Ashad 23. This means only shareholders who hold shares of the company until Ashad 22 will be eligible to attend the general meeting and apply for proposed right shares.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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