Kathmandu, July 2, 2025
Best Finance Company Limited (BFC) successfully concluded its 28th Annual General Meeting (AGM) today at Nepal Pragya Pratisthan, Kamaladi, Kathmandu. The meeting, which commenced at 11 AM, brought together shareholders, board members, and key stakeholders to discuss and endorse the company’s financial and strategic matters for the year.
The AGM approved several crucial agendas, including:
1. Endorsement of the financial statements for the fiscal year 2080/81, including the profit and loss account, balance sheet, and cash flow reports.
2. Approval of the auditor’s report, verifying the integrity and transparency of the company’s financial operations.
3. Appointment of an auditor for the current fiscal year 2081/82, ensuring continued financial oversight and compliance with regulatory standards.
4. Election of directors from both the promoter and public shareholder groups, reinforcing corporate governance and representation.
5. Unanimous approval to authorize the Board of Directors to proceed with merger or acquisition-related processes, should such directives be issued by regulatory authorities.
This strategic provision indicates BFC’s preparedness to align with Nepal Rastra Bank’s policy direction on financial sector consolidation and institutional strengthening.
Speaking at the AGM, representatives from the board emphasized the company’s commitment to long-term financial stability, prudent management, and shareholder value. The meeting concluded with optimism regarding the company’s future performance and its capacity to adapt within the evolving financial landscape of Nepal.
Ecosphere News will continue monitoring BFC’s upcoming moves, especially concerning possible mergers or strategic alliances, which may influence Nepal’s broader financial ecosystem.
