Aarambha Laghubitta Bittiya Sanstha has announced book close of Annual General meeting (AGM).
The bank will convene 4th annual General Meeting (AGM) on 09 Poush 2076 at Panchakanya, banquet, Banepa, Kavrepalanchok 11:00 Am.
The agendas of AGM are:
- To endorse 7.38% bonus shares and Rs.2.33 lakh cash dividend from the income of FY 2075/76
- To approve audited financial statement of FY 2075/76.
- To appoint statutory auditor for FY 2076/77
- to approve merger agreement with Chautari Laghubitta Bittiya Sanstha under Swap ratio of 1:1
- After merger name of company will be “Aarambha Chautari Laghubitta Bittiya Sanstha” and corporate office will be remain at Banepa, Kavrepalanchowk.
- After merger capital structure will be 63:66% and 36.34% between promoters and general public.
- Merger and acquisition with appropriate bank and financial institutions; provided authority for BOD and signed MOU and assets and liabilities valuation through DDA.
Currently, its paid up capital stands at Rs. 6.00 crore.
