Swabhimaan Laghubitta Bittiya Sanstha Limited has proposed issuing 100% rights shares in a 1:1 ratio based on its existing paid-up capital. The proposal will be presented for approval at the institution’s 10th Annual General Meeting (AGM).

The meeting will be held on Monday, December 14, 2083, at 11:00 AM at The SR Hotel in Driver Tole, Ward No. 1, Tilottama Municipality, Rupandehi. The decision was made at a board meeting held on Kartik 10.

The AGM will consider proposals to increase the institution’s authorized, issued, and paid-up capital and amend its Memorandum of Association accordingly. Its current paid-up capital stands at Rs. 153.45 million. Shareholders will also consider authorizing the board to initiate merger or acquisition processes with other licensed Class D financial institutions.

The meeting will approve the annual report and audited financial statements for fiscal year 2082/83, appoint an auditor for the upcoming fiscal year, and determine the auditor’s remuneration. It will also elect one director representing the general shareholders.

For the purpose of the AGM, the company will close its shareholder register on Kartik 20. Accordingly, shareholders who have purchased shares and completed the required share transfers by Kartik 19 through the Nepal Stock Exchange will be eligible to participate and vote at the meeting.