Deprosc Laghubitta to Sell 30,000 Promoter Shares, 35-Day Window for Existing Promoters

Kathmandu — Deprosc Laghubitta Bittiya Sanstha Limited has announced the sale of 30,000 promoter shares held by one of its founding shareholders, initiating a process that could lead to changes in the institution’s ownership structure. The announcement was made through a public notice issued by the company.According to the notice, Mahila Adarsha Sewa Kendra, an existing promoter shareholder, has expressed its intention to divest part of its holdings. Following this request, the board of directors has approved the proposal and decided to proceed with the sale at the price determined by the seller, in line with regulatory requirements.As per prevailing provisions, priority has been given to existing promoter shareholders. Interested promoters are required to submit their applications within 35 days from the date of publication of the notice, along with necessary documents, clearly specifying the number of shares they intend to purchase and the offered price. Applications must be submitted to the company’s corporate office in Sitapaila, Kathmandu.The institution has stated that if no applications are received from existing promoters within the specified timeframe, the shares will be offered to other interested parties, allowing them to join the promoter group in accordance with applicable laws.The sale process will be carried out as per the Bank and Financial Institutions Act, 2073, and the Unified Directive, 2082 issued by Nepal Rastra Bank for Class ‘D’ microfinance institutions. The move is expected to provide an opportunity for investors to enter the promoter segment while potentially reshaping the ownership dynamics of the company.