Arun Finance 20th AGM today; to endorse 100% right share

Arun Finance Limited (ARUN) is convening its 20th Annual General Meeting (AGM) on Mangsir 30, 2073. The AGM is going to be held at Arun finance head office, Dharan, Sunsari at 11:00 AM. Main agendas of the AGM are:

• To endorse 100 percent (1:1) right share to its shareholders.
• Authorize BOD to endorse merger/ acquisition process with other BFIs.
• To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.

Other agendas of the AGM include financial highlights of the FY 2072/73 and appointment of auditor. The register of their shareholders will be closed from Mangsir 22, 2073 till Mangsir 30, 2073 for the purpose of its AGM.  A separate book closure notice will be published for the right share. Arun Finance Limited has net loss of Rs 10.41 lakh in the first quarter of the fiscal year 2073/74. Its paid up capital remains at Rs 15 crore. After the issuance of 100% right share, its paid up capital will reach Rs 30 crore.