Sadhana Laghubitta convenes 3rd AGM; endorses decision to issue 7.07 lakh unit IPO shares and 50% right shares to raise its paid up capital

Sadhana Laghubitta has convened its 3^rd AGM on Poush 12, 2076 under the leadership of company’s chair Mr. Krishna B. Thapa. The AGM has decided to issue 32.5% of the current capital i.e. 7.07 lakh unit shares to general public as IPO shares thereby raising the paid up value to Rs 21.77 crore. The AGM further endorses the special proposal to issue 50% right shares to its shareholders following the IPO issuance, as per the media statement.

The AGM has appointed AKG Associates Charter Accountants as the external auditor for the current fiscal year.

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

The microfinance has its 47 branches and serves more than 41K rural households in Nepal, as per the media statement.