Asha Laghubitta Bittiya Sanstha Ltd. (ALBSL) - AGM Declaration of FY 2080/81

Alblag News Thursday, October 24, 2024

Asha Laghubitta Bittiya Sanstha Ltd.- AGM Declaration of FY 2080/81 (ALBSL)

Asha Laghubitta Bittiya Sanstha Ltd., a national-level financial institution licensed by the Nepal Rasta Bank, has announced its upcoming 8th Annual General Meeting (AGM). The meeting is scheduled for 7 Mangsir 2081 ( 22 Nov. 2024) at 3:00 PM at Hotel Ugrachandi, Banepa-7, Kavrepalanchowk.

Key Points from the Notice:

AGM Date: 7 Mangsir 2081 (22 Nov. 2024)
Time: 3:00 PM
Venue: Hotel Ugrachandi, Banepa-7, Kavrepalanchowk
Purpose: To approve the financial statements for the fiscal year 2080/81 and other general business.

Agenda:

General proposals:

Approval of the annual report for fiscal year 2080/81
Approval of the financial statements for fiscal year 2080/81
Approval of a cash dividend of 0.75% (Rs. 48,12,120) from the profit of the fiscal year 2080/81.
Appointment of external auditors for the fiscal year 2081/82.

Special Proposals:

Approval of a bonus share distribution of 14.25% (Rs.9,14,30,280) from the profits of the fiscal year 2080/81 has been granted.
Amendment of the company's regulations regarding the increase in director's meeting allowances.
Authorization to the Board of Directors to merge, acquire, or purchase other microfinance institutions.
Appointment of a valuation expert to conduct a due diligence audit of the company's assets, liabilities, and transactions, and authorization to the board of directors to enter into a memorandum of understanding and complete all necessary processes related to mergers, acquisitions, or purchases.
Authorization to the board of directors to amend the company's memorandum of association and articles of association as necessary.