Vijaya Laghubitta Financial Institution Limited has convened its 17th Annual General Meeting (AGM). The meeting will be held on June 26 at Dhulikhel Lodge Resort, Dhulikhel, starting at 1:00 PM, as decided by the board meeting held on June 15.

One of the key agendas of the AGM is the proposal to convert founder shares equivalent to 9.22% of the company's paid-up capital into ordinary public shares. The company will also seek shareholder approval to issue rights shares equal to 100% of its existing paid-up capital.

The meeting will further discuss amendments to the company’s Memorandum of Association and Articles of Association to accommodate changes in capital structure. Shareholders will also consider a proposal authorizing the Board of Directors to make additional amendments if required by regulatory authorities.

In addition, the AGM will review and approve the annual report presented by the Chairperson, approve the audited financial statements for fiscal year 2081/82, and appoint an auditor along with determining remuneration for the current fiscal year.

The board will also present information regarding the appointment of an independent director.

For AGM purposes, the company has decided to close its share register for one day on Ashadh 11. Therefore, shareholders maintaining ownership until Ashadh 10 will be eligible to attend and vote at the AGM.