Rastra Utthan Laghubitta Calls AGM on Ashad 16 to Discuss Acquisition-Related Agendas
Sun, Jun 11, 2023 11:11 AM on Latest, AGM/Special AGM, Book Closure, Merger/Acquistion,
Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) has called its 4th AGM on 16th Ashad, 2080. The meeting will be held in Hotel Arniko, Dhulikhel, starting at 1 PM that day.
Since Rastra Utthan Laghubitta is being acquired by Asha Laghubitta Bittiya Sanstha Limited (ALBSL), both the AGM will pass a resolution regarding evaluating the Due Diligence Audit and endorse a share swap ratio of 1:1 for the acquisition, and approve the final agreement for the acquisition. ‘Rastra Asha Laghubitta Bittiya Sanstha Limited’ has been agreed upon as the name of the new entity formed after the acquisition.
The meeting will also pass an agenda regarding the amendment of the Articles of Association and provide full authority to the board of directors to amend various acquisition-related proceedings accordingly if any instructions are received from the regulatory bodies. There's also an agenda to elect an independent director.
The book closure date is on Ashad 05. Thus the shareholders maintained before that day are eligible for dividend payout and can also attend the AGM.