National Microfinance Laghubitta (NMFBS) Calls SGM on Ashad 03 to Endorse Merger-Related Agendas

National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) has called its Special General Meeting (SGM) on 3rd Ashad, 2080. The meeting will be held in Dhading Creek Resort located at Dhading, starting at 11 AM that day.

Among the other agendas, the SGM will pass a resolution regarding evaluating the Due Diligence Audit, and Memorandum of Understanding and endorse a share swap ratio of 1:0.73 for the merger between National Microfinance Laghubitta and Summit Laghubitta Bittiya Sanstha Limited (SMFDB), implying that for every 100 units of Summit’s shares, the shareholders will get 73-unit shares of National Microfinance. The meeting will also approve a proposal to start the joint transaction under the name "National Summit Microfinance Laghubitta" after the successful merger.

Furthermore, this SGM will endorse providing full authority to the board of directors to amend various merger-related proceedings accordingly if any instructions are received from the regulatory bodies. 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.

SGM Notice