Sonapur Minerals and Oil Limited Concludes 18th AGM, Endorses Key Financial and Governance Decisions

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Sonapur Minerals and Oil Limited Concludes 18th AGM, Endorses Key Financial and Governance Decisions

Sonapur Minerals and Oil Limited Concludes 18th AGM, Endorses Key Financial and Governance Decisions

Ganesh Khatiwada 2026-01-14 13:09:00

Kathmandu - Sonapur Minerals and Oil Limited has successfully concluded its 18th Annual General Meeting (AGM), endorsing a series of important financial, regulatory, and governance-related resolutions for the fiscal year 2081/82.
During the AGM, shareholders reviewed and approved the financial highlights of the company for FY 2081/82, reflecting the firm’s operational performance amid a challenging economic environment. While detailed financial figures were not publicly disclosed at the meeting, the approval indicates shareholder confidence in the company’s financial reporting and management approach.
A key agenda item of the meeting was the appointment of an external auditor for the upcoming fiscal year. Shareholders endorsed the board’s proposal, ensuring continued compliance with statutory auditing requirements and reinforcing transparency in financial oversight.
The AGM also approved transaction details conducted with the company’s promoters and basic shareholders, in line with regulatory provisions governing related-party transactions. This approval underscores the company’s commitment to disclosure and corporate accountability.
Additionally, shareholders ratified decisions taken by the Board of Directors over the previous year, formally validating strategic and administrative actions implemented during the reporting period.
Another significant resolution passed at the meeting was the approval of excess loans obtained from banks and financial institutions, indicating that the company has relied on external financing to support its operational or investment needs. The approval allows the company to regularize these borrowings in accordance with prevailing financial regulations.
The successful conclusion of the 18th AGM marks an important milestone for Sonapur Minerals and Oil Limited as it continues its operations in Nepal’s minerals and energy-related business landscape.
The company stated that it remains focused on maintaining financial discipline, regulatory compliance, and shareholder trust while navigating sector-specific challenges.