Sagarmatha Finance to endorse 15.85% bonus & 80% right share; 10th AGM on Ashad 3

Sagarmatha Finance Company Limited (SAFL) will be convening its 10^th Annual General Meeting (AGM) on Ashad 3, 2073. The AGM will be held at Crystal Banquet, Manbhawan, Lalitpur at 10: 00 AM. . Main agendas of the AGM are:

• To increase authorized, paid up and issued capital.
• To endorse 15.85 percent bonus shares from the net profit it earned from the fiscal year 2071/72.
• After bonus share issuance to endorse 10:8 (80%) ratio right share to its existing shareholders
• Authorized BOD to initiate merger/acquisition process with other BFI by endorsing Due Diligence Audit (DDA)
• To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.

Other main agendas of the AGM include financial highlights of 2071/72, appointment of auditor, to increase allowance of BOD member, to endorse help provided to earthquake victim and to elect 4 BOD members from promoters shareholders group and 2 BOD member from public shareholders group. Only those shareholders owning shares till Jestha 20 will be entitled to the bonus share of the company. The register of their shareholders will remain close from Jestha 21, 2073 till Ashad 3, 2073 for the purpose of its upcoming AGM. Sagarmatha Finance had earned net profit of Rs. 6.22 crore in third quarter of the fiscal year 2072/73.