Everest Finance 14th AGM on Ashwin 21; to endorse 14.50% bonus

Everest Finance Company Limited (EFL) will be convening its 14th Annual General Meeting (AGM) on Ashwin 21, 2073.  The AGM is going to be held at Bodhi Redson Hotel, Basantapur, Rupandehi at 5:00PM. The AGM has following agendas:

• To endorse 14.50 percent bonus share and 0.76 % cash dividend for tax purpose from the net profit it earned from the fiscal year 2072/73.
• To approve the merger process of Everest Finance Limited and Shree Investment and Finance Company Limited.
• To fix Due Diligence Report Audit Report (DDA), Memorandum of Understanding (MoU) and Share Swap Ratio of both finance companies.
• After the merger process, the newly merged entity will be named as Shree Investment & Finance Company Limited.
• To endorse name list of BOD members after the merger of Everest Finance and Shree Investment Finance Company and duly collapse the tenure of existing BoD members.
• To authorize BOD for necessary amendment as per directed by regulatory bodies.

Other agendas of the AGM include financial highlights of 2072/73 and appointment of auditor. The trading of Everest Finance and Shree Investment and Finance Company has been on halt following the merger process from Poush 13, 2072. Only those shareholders buying shares before Poush 13, 2072, will be eligible for the bonus share of the company. Everest Finance had earned Rs 2.6 crore in the fourth quarter of the fiscal year 2072/73.