Gurkhas Finance 22nd AGM today; to endorse 50% right share

Gurkhas Finance Limited is going to hold its 22^nd Annual General Meeting (AGM) today (Poush 26, 2073) at Anupam Foodland, Battisputali, Kathmandu at 11:00 AM. The main agendas of the AGM are:

• To issue 2:1 (50%) right share to increase its issued and paid up capital from existing Rs 56.86 crore to Rs 86.79 crore.
• To increase its authorized capital up to Rs 1 arba.
• To amend article of association accordingly.
• To authorize BOD for merger/acquisition process of Gurkhas Finance with other BFIs.
• To authorize BOD to complete procedures for preparing Due Diligence Audit (DDA) and Memorandum of Understanding (MOU) for merger/acquisition process.

Other agendas of the company include financial highlights of FY 2072/73, appointment of auditor and election of 4 BOD member from public shareholders and 3 BOD members from promoter shareholders group. Former Gorkha Development Bank Limited and Kathmandu Finance Limited had merged to form Gurkhas Finance Limited. The joint transaction of the companies started as Gurkhas Finance from Chaitra 28, 2072. From then the trading of the finance company has been halted to till date.