Nepal Finance Limited Announces AGM Due from Fiscal Year 2068/69; 8 Years Financials to Be Approved

Nepal Finance Limited has announced its 20th, 21st, 22nd, 23rd, 24th, 25th, 26th & 27th AGM going to be held on 11th Bhadra, 2077.

The AGM will be held on Thursday, Bhadra 11, 2077 (August 27, 2020), at Yellow Pagoda Hotel, Kantipath, Kathmandu, at 11 am.

The profit-loss statement, cash flow, etc. from the fiscal year 2068/69 to the fiscal year 2075/76 will be discussed upon and approved.

Since the company's authorized capital is 1 Arba, the company is mulling to issuing the right shares in the ratio 1:1.75 to increase the paid-up capital from the current Rs. 30,55,51,125 to Rs. 84,02,65,594. The AGM will pass the proposal on the matter.

The AGM will also present the proposal to change the company name and logo, among other proposals.