19th AGM of Synergy Finance on Kartik 17; to endorse 70% right shares

Synergy Finance Limited (SYFL) will be convening its 19^th Annual General Meeting (AGM) on Kartik 17, 2074. The AGM is going to be held at Siddhartha Cottage, Milanchowk, Butwal at 10:00AM. The main agendas of the AGM are:

• To endorse 1:0.70 (70%) right shares to its shareholders.
• To increase issued and paid up capital.
• To endorse the decision for merger or acquisition with other Bank and Financial Institutions.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the company include financial highlights of the FY 2072/73 and FY 2073/74 and endorse the fee of auditor appointed for the FY 2073/74. The book closure date for the AGM has been set for Ashwin 27, 2074 to Kartik 17, 2017. But only those shareholders owning their shares till Ashwin 26, 2074, i.e. one day ahead of the book closure date are be eligible to participate in the AGM. Separate book closure date will be announced for the proposed right shares. SYFL’s current paid up capital stands at Rs 47.44 crore. After issuance of 70% right shares, its paid up will reach to Rs 80.64 crore. It has earned Rs 18.11 crore in the fourth quarter of the FY 2073/74.