Vijaya Laghubitta 3rd AGM on Poush 26; Merger/Acquisition with other financial institutions on the agenda

Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) will be convening its 3^rd Annual General Meeting (AGM) on Poush 26, 2072. The AGM will be held at Hotel Red Carpet, Lions Chowk, Narayangarh, Chitwan at 11:30 AM. Main agendas of the AGM are:

• Authorize BOD to initiate merger/ acquisition process with other financial institutions, also to sign memorandum of understanding and appoint auditor to precede Due Diligence Audit (DDA).
• To amend article of association and memorandum of understanding as per directed by registrar officer or the Nepal Rastra Bank.

Other Agendas of the AGM include financial highlights of 2071/72, appointment of auditor and to elect 1 BOD member from promoter shareholders group and 2 BOD member from public shareholders group. Vijaya Laghubitta had floated its Initial Public Offering (IPO) of 4,20,000kitta shares from Chaitra 18. The offer closed on Chaitra 22. Allotment for investors who had applied for shares worth Rs 80,000 or below was decided through lottery. Likewise, investors who applied for shares more than Rs80,000 were allotted 1.15% of the money they had invested.