Provident Merchant Banking convenes 6th AGM; registers net loss of Rs 1.19 lakh

Provident Merchant Banking has convened its 6^th AGM on Magh 14, 2076 under the leadership of company’s chair. Endorsing all the financial reports, the company has informed that it has made a net loss of Rs 1.19 lakh during the last fiscal year.

The company has a paid up capital of Rs 4.12 crore and the company is in process of raising its paid up capital to Rs 10 crore where the shareholders are required to raise the capital through right shares.

The AGM has also decided to authorize the board to carry out the merger/acquisition process with other suitable organizations, as per the statement.