Manushi Laghubitta's SGM Approves Agenda to Seek Suitable Microfinance Company for Merger

Manushi Laghubitta Bittiya Sanstha Limited (MLBS) held a special general meeting on Friday, where the main agenda was the demerger proposal with Shrijanshil Laghubitta Bittiya Sanstha Limited (SHLB).

The proposal for demerger was passed unanimously, although the previous year's merger process with another microfinance company could not be completed due to special reasons.

The executive head stated that the decision was made in the best interest of the organization and its investors.

The meeting authorized the board of directors to seek another suitable microfinance company for a future merger. MLBS, headquartered in Banepa, Kavre, has 36 branches across 14 districts and recently published a profitable financial statement. The organization’s share capital stands at Rs. 10 crore 93 lakh 75 thousand.