Asha Laghubitta (ALBSL) Calls SGM on Ashad 16 to Endorse Merger-Related Agendas

Thu, Jun 15, 2023 10:34 AM on Latest, AGM/Special AGM,

Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has called its Special General Meeting (SGM) on 16th Ashad, 2080. The meeting will be held in Fall & Trout Village Fish Farm Hotel & Restaurant located at Kakani, Nuwakot, starting at 10 AM that day.

Among the other agendas, the SGM will pass a resolution regarding evaluating and endorsing the Due Diligence Audit, Due Diligence Report, Memorandum of Understanding, and Scheme of Arrangement and endorse a share swap ratio of 1:1 for a merger between Asha Laghubitta and Rastra Utthan Laghubitta (RULB). The meeting will also approve a proposal to start the joint transaction under the name "Rastra Asha Laghubitta Bittiya Sanstha Limited" after the successful merger.

Furthermore, there's also a proposal to provide full authority to the board of directors to amend various merger-related proceedings accordingly if any instructions are received from the regulatory bodies.

The book closure date is on Ashad 07. Thus, the shareholders maintained before that day can attend this SGM.

SGM Notice