First Nepalese finance company Nepal Finance convenes AGMs for the last 8 years; endorses the decision to issue 175% right shares to meet paid up the requirement

Nepal Finance has virtually convened its 20th to 27th AGMs on Ashoj 10, 2077.

The event was also attended by the chairman of the company Prof. Hirendraman Pradhan, BoDs Mr. Chandra Kumar Rai, Mr. Diprash Shakya, Mr. Rajan Prajapati, Ms. Rojina Shrestha, Ms. Laxmi Maharjan, and Mr. Aanand Krishna Tamrakar.

The AGM has endorsed the decision to increase the finance company’s authorized capital to Rs 1 arba and paid-up capital to Rs 84.02 crore.

Per the decision, the AGM has therefore endorsed the board’s proposal to issue the right shares in the ratio 1 : 1.75, as per the media statement.