Guheswori Merchant 16th AGM on Poush 30; United Finance conducting 23rd AGM on Poush 29

Guheswori Merchant and Banking Finance Limited (GMFIL) will be conducting its 16^th Annual General Meeting (AGM) on Poush 30, 2074. The AGM is being held at Guheswori Bhawan, Lalitpur at 11:00 AM. The main agendas of the AGM are:

• To endorse 15.8% bonus shares and from the net profit of FY 2073/74.
• To increase authorized, issue and paid up capital.
• To merge or acquire with other Bank and Financial Institutions (BFIs).
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of FY 2073/74, appointment of auditor and directors for the FY 2074/75. The book closure date for the AGM has been set from Poush 19,2074 to Poush 30, 2074. Thus, only those shareholders owning shares till Poush 18, 2074, i.e. ahead of the book closure date are eligible to participate in the AGM and proposed bonus shares. Its paid up capital will reach to Rs 80 crore after adjustment of bonus shares. It had posted net profit of Rs 1.59 crore in the first quarter of the FY 2074/75. Announcement: United Finance Limited (UFL) will be conducting 23^rd Annual General Meeting (AGM) on Poush 29, 2074. The AGM is being held at Amrapali Banquet, Kathmandu at 11:00 AM. The main agendas of the AGM are:

• To endorse 19% bonus shares from the net profit of FY 2073/74.
• To cancel 20% right shares
• To issue 21 lakh unit FPO shares at Rs 190 per share to Muthood Finance of India as a joint venture.
• To conduct election of Board of Directors (BOD).
• To work as a insurance agent.

• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

The book closure date for the AGM has been set on Poush 14, 2074. Thus, only those shareholders owning shares till Poush 13, 2074, i.e. ahead of the book closure date are eligible to participate in the AGM and proposed bonus shares. Separate book closure will be announced for right shares. Its paid up capital will reach to Rs 1.01 arba after adjustment of bonus shares and FPO. It had posted net loss of Rs 3.45 crore in the first quarter of the FY 2074/75. Announcement: