Trilok Laghubitta to convene AGM on Poush 5; Major agendas are merger with Suryodaya Laghubitta and right issuance

Trilok Lag...

Trilok Laghubitta Bittiya Sanstha will be convening its second Annual General Meeting (AGM) on Poush 05, 2076 at Sunwal Nagarpalika - 04, Nawalparasi (central office) from 11:30 AM onwards.

The 51st Board Meeting held on Mangsir, 2076 has decided on the following agendas for the meeting:

  • Approval of Annual Report for FY 2075/76 to be presented by the Board along with audited financial statements for the year to be presented by the auditor.
  • Approval of the report to be presented by the Chairman regarding merger with Suryodaya Laghubitta Bittiya Sanstha.
  • Approval of the swap ratio determined by the Due Diligence Audit (DDA) report. The swap ratio is at 1:0.97.
  • Post merger the joint entity will be named Suryodaya Laghubitta Bittiya Sanstha.
  • Increasing the authorized capital of joint entity to Rs 60 crore.
  • Increasing Paid up capital to Rs 21.50 crore. Trilok Laghubitta's current paid-up capital is at Rs 6.09 crore which after the share swap of 1:0.97 will be Rs 5.91 crore. Similarly, Suryodaya Lagubitta's paid-up capital after distribution of declared bonus from profit of FY 2075/76 is Rs 15.59 crore.
  • Issuing 100% right shares worth Rs 21.50 crore, taking the capital to Rs 43 crore.

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