Swabhimaan Laghubitta Bittiya Sanstha Limited (SWBBL) has announced its 9th Annual General Meeting (AGM), scheduled to be held on Ashad 30, 2083.
According to the company’s notice, the meeting will take place at the Central Office of Swabhimaan Laghubitta Bittiya Sanstha Limited in Tilottama, Rupandehi, starting at 11:00 AM.
The AGM will discuss several key matters related to the company’s financial performance, governance, and future strategic direction.
Major Agendas of the AGM
The meeting will consider and approve the following proposals:
1. Approval of Annual Report
To discuss and approve the Annual Report for Fiscal Year 2081/82 presented by the Board of Directors.
2. Approval of Financial Statements
To discuss and approve the company’s:
- Balance Sheet,
- Profit and Loss Account,
- Cash Flow Statement,
- Related financial schedules, and
- Auditor’s Report
for the fiscal year 2081/82.
3. Appointment of Auditor
To appoint an external auditor for Fiscal Year 2082/83 and determine the auditor’s remuneration.
4. Authorization for Merger or Acquisition
A notable agenda includes granting authority to the Board of Directors to complete necessary procedures relating to merger or acquisition with other microfinance financial institutions.
This proposal may provide the institution with strategic flexibility to pursue consolidation opportunities within Nepal’s microfinance sector if deemed appropriate in the future.
5. Miscellaneous Matters
The meeting will also address other matters under miscellaneous business.
Book Closure Date Announced
For AGM participation purposes, the company has fixed Ashad 22, 2083 as the book closure date.
Shareholders maintaining ownership of SWBBL shares before the book closure date will be eligible to attend and participate in the annual meeting.
The upcoming AGM is expected to provide shareholders with updates on the institution’s financial position while also outlining potential strategic directions, including possible merger or acquisition opportunities within the sector.
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