Matribhumi Laghubitta Bittiya Sanstha Limited (MATRI) has proposed issuing a 100% rights share to its existing shareholders. To seek shareholders' approval for the proposal, the company has convened its 7th Annual General Meeting (AGM) on Ashadh 32, 2083 (Thursday) at 10:00 AM at its central office in Lamki, Kailali.
A key agenda of the AGM is to approve the issuance of a Further Public Offering (FPO). Following the completion of the FPO, the company plans to issue 100% rights shares based on the updated paid-up capital. The proposed rights issue is aimed at strengthening the company's capital base and supporting its future business expansion.
The AGM will also consider granting authority to the Board of Directors to explore and execute merger or acquisition (M&A) transactions with other microfinance institutions, if deemed appropriate. In addition, shareholders will be asked to authorize the board to make necessary amendments to the company's Memorandum of Association (MoA) and Articles of Association (AoA) in accordance with regulatory requirements and the approved capital restructuring plan.
If approved, the resolutions will provide the company with greater flexibility to raise capital, pursue strategic consolidation opportunities, and enhance its long-term growth prospects in Nepal's microfinance sector.
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