World Merchant Banking & Finance’s 10th, 11th, 12th, 13th & 14th AGM on Ashad 31; to endorse merger/ acquisition process

World Merchant Banking and Finance Limited (WMBF) will be convening its 10^th, 11^th, 12^th, 13^th and 14^th Annual General Meeting (AGM) on Ashad 31, 2074. The AGM will be held at Motel Avocado, Hetauda, Makwanpur at 11: 00 AM. Main agendas of the AGM are:

• Nepal Rastra Bank (NRB) has directed finance companies to maintain capital up to Rs 80 crore and after increment of its capital to amend article of association accordingly.
• To authorize BOD to endorse merger/acquisition process with other BFIs and endorse Due Diligence Audit (DDA).
• To endorse memorandum of understanding (MOU) for the merger/acquisition process.
• To change its BOD structure and amend article of association accordingly.

Other main agendas of the AGM include financial highlights of 2069/70, 2070/71,2071/72 and 2072/73,  appointment of auditor and election of BOD members. The register of its shareholders will be closed from Ashad 15, 2074 till Ashad 31, 2074 for the purpose of its AGM. Progressive Finance is in process to acquire World Merchant Banking and Finance Company.