Sajilo Laghubitta Calls AGM On Ashad 21, To Merge With Summit Laghubitta


Sajilo Laghubitta has announced its second Annual General Meeting (AGM) on Ashad 21, 2077 [July 5, 2020]. The annual meeting will take place at Diyalo Foodland, Basundhara, Kathmandu after 9 AM.

The major agendas for the meeting are:

Discussion and Approval of financial reports of the fiscal year 2075/76.

Appointment of auditor for the fiscal year 2076/77.

Endorsement of MOU signed for the merger with Summit Laghubitta.

Approval of swap ratio for the merger.

To issue the Further Public Offering (FPO) after the merger in order to maintain 30 percent ownership of the public in the company.

Note: Nepal Rastra Bank has already approved the merger of Sajilo Laghubitta and Summit Laghubitta on Chaitra 5, 2076.

After the merger, the name will stand as ” Summit Laghubitta Bittiya Sanstha Limited”.

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