Fonepay Concludes Sixth AGM, Approves 19% Dividend and Public Share Issue Plan

Fonepay Payment Service Ltd. successfully held its Sixth Annual General Meeting (AGM) at Marriott Hotel, Naxal, Kathmandu. The meeting, chaired by Chairman Sashin Joshi, approved the financial statements and auditor’s report for FY 2081/82 and declared a 19% cash dividend for shareholders.

Mr. Joshi was reappointed as an Independent Director, while N.B.S.M. & Associates were reappointed as auditors for FY 2082/83. The AGM also passed a special resolution to amend the company’s Memorandum and Articles of Association and approved the decision to issue shares to the general public.