BPW Laghubitta Calls SGM on Ashwin 30; SGM to Endorse Merger Agendas
Tue, Oct 3, 2023 10:22 AM on Latest, AGM/Special AGM, Book Closure,
BPW Laghubitta Bittiya Sanstha Limited has called its Special General Meeting (SGM) on 30th Ashwin, 2080. The meeting will be held in Hotel Le Bagaicha, Jawalakhel, Lalitpur, starting from 11:30 am that day.
Among the other agendas, the SGM will pass a resolution regarding evaluating and endorsing the Due Diligence Audit, Due Diligence Report, Business Plan and Projection, and Final Agreement Paper and endorse a share swap ratio of 1: 0.8535 for a merger between Samudayik Laghubitta and BPW Laghubitta Bittiya Sanstha Limited (BPW). The meeting will also pass an agenda to make necessary amendments to the Articles of Association as the company's authorized, issued, and paid-up capital will increase after the 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.
BPW and SLBSL signed a Memorandum of Understanding (MOU) for the merger on Poush 03, 2079.
The book closure date is on Ashwin 24. Thus, the shareholders maintained before that day can attend this SGM.
