AVYAN Abhiyan Laghubitta Calls AGM on Ashadh 30 with Merger Proposal

Abhiyan Laghubitta Bittiya Sanstha Limited has announced its upcoming Annual General Meeting (AGM) along with a merger proposal. The meeting is scheduled for Ashadh 30 at 12:30 PM at Tamrakar Party Venue, Panauti.

The AGM will propose granting authority to the Board of Directors to initiate necessary procedures for a potential merger with a suitable microfinance institution and to amend the company’s Memorandum and Articles of Association if required.

The company has decided not to distribute any dividends to shareholders this year. The AGM will also review and approve the financial statements of the previous fiscal year and appoint an auditor for the current fiscal year along with determining their remuneration.

For the purpose of the AGM, the company will close its book on Ashadh 16 for one day. Therefore, only shareholders who hold shares until Ashadh 15 will be eligible to participate in the meeting.