Pokhara Finance and Samriddhi Finance Approve Merger with 1:1 Share Swap Ratio

Pokhara Finance Limited has approved a proposal to merge with Samriddhi Finance Company Limited at a 1:1 share swap ratio. The decision was endorsed during a special general meeting held on Wednesday, Magh 14, 2082, at Durbarthok Banquet, Pokhara-9, Kaski. The merger approval was based on the Due Diligence Audit (DDA) report prepared by P.S. Baragi Associates, Chartered Accountants, which evaluated the assets, liabilities, and overall business operations of both institutions. The swap ratio was finalized after assessing key factors such as business prospects, corporate reputation, employee capability, operational efficiency, market presence, dividend history, and recent share market prices. The meeting also approved the appointment and remuneration of the valuer, ratified all related documents including the DDA report and the Memorandum of Understanding (MoU), and authorized the Board of Directors to amend the company’s memorandum and articles of association and complete all necessary procedures for the merger process.