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, endorsing a 1:1 share swap ratio.

The decision was made at a special general meeting of Pokhara Finance held on Wednesday, Magh 14, 2082, at 11:00 am at Durbarthok Banquet, Pokhara-9, Kaski.

According to the company, the merger proposal was approved based on the Due Diligence Audit (DDA) report prepared by P.S. Baragi Associates, Chartered Accountants. The valuation report assessed the assets, liabilities, and overall business operations of both institutions.

The share swap ratio was determined after considering various factors, including business prospects, corporate reputation, employees’ qualifications, capacity and efficiency, market presence, dividend distribution history, and recent share market prices.

The meeting also endorsed the appointment of the valuer and approved the remuneration paid to the evaluator. In addition, it ratified all related documents, including the Due Diligence Audit Report and the Memorandum of Understanding (MoU).

Furthermore, the general meeting authorized the Board of Directors to amend the company’s memorandum and articles of association as necessary and to undertake all required procedures related to the merger and acquisition process.