Support Laghubitta Bittiya Sanstha’s Upcoming AGM: Important Information for Investors
Support Laghubitta Bittiya Sanstha, a leading microfinance institution in Nepal, is holding its Annual General Meeting (AGM) on October 4th. This AGM is a crucial event for shareholders, and we’re here to provide you with all the essential details. If you are an investor in microfinance stocks or interested in Nepalese stocks, this is a must-read!
The AGM will take place at Sky Lux Hotel, Itahari. This year, the meeting holds significant importance as it will discuss key decisions that could impact the future of the financial institution.
One of the primary proposals to be presented at the AGM is a modification to the company’s articles of association. This proposal involves adjustments to the shareholding structure. The plan is to reallocate the shareholder representation. Currently, the ratio between the founder shareholders and general shareholders is 70:30, respectively. The proposed change aims to shift this structure, adjusting it to 60% for founder shareholders and 40% for the public.
To be eligible to participate in the AGM, the shareholder book close date has been set for August 20th (Bhadra 5, 2082, according to the Nepali calendar). Only those shareholders whose names are registered in the company’s shareholder register maintained by the share registrar, RBB Merchant Banking Limited, Kathmandu, before the book close date will be able to attend the meeting. Investors are encouraged to ensure that their share transfers and registrations are up-to-date to secure their participation. Keep an eye on stock market news for further announcements.
This AGM presents an important opportunity for all shareholders to stay informed, exercise their rights, and contribute to the future of Support Laghubitta Bittiya Sanstha. For those following Nepalese financial markets this microfinance is significant. Make sure you’re prepared for this important meeting! Stay updated with all the latest financial updates for Nepal!
