Nadep Laghubitta's 3rd AGM on Bhadra 1; to issue 100% right shares & increase the authorized capital along with the issued and the paid-up capital

Nadep Laghubitta Bittiya Sanstha Limited (NADEP) has announced its third AGM to be held on Bhadra 1, 2075. The meeting will be held in Hotel Pataleban Vineyard, Baadbhanjyang, Kathmandu at 11:00 am.

The main agendas of the meeting include:

1. To issue 100% right shares.
2. To increase the authorized capital, the issued capital and the paid-up capital  to Rs 64 crore, Rs 32 crore and Rs 32 crore, respectively.
3. To make necessary amendments in the Memorandum of Association and Articles of Association of the bank.
4. To provide authority to the BoD for the amendment in MOA and AOA.
5. To appoint directors from group B representing general shareholders.

Other agendas of the AGM include endorsement of audited financial statement for the fiscal year 2073/74, and appointment of auditor for the fiscal year 2074/75.

The bank had recently issued and allotted 4.80 lakh unit shares as initial public offering.