Nuwakot, January 17, 2025: Mero Microfinance Laghubitta Bittiya Sanstha Limited successfully conducted its 12th Annual General Meeting (AGM) today at the Sabha Hall of Siddhartha Hotel Water Tower, Bidur-04, Battar, Nuwakot. The meeting, which began at 11:30 AM, brought together shareholders, board members, and stakeholders to discuss the company’s performance and future plans.
Key highlights and resolutions of the AGM include:
1. Financial Highlights of FY 2080/81: The company presented its financial achievements for the fiscal year, reflecting robust performance and growth amidst market challenges.
2. Election of New Directors: Shareholders voted on the election of directors, ensuring strong leadership to guide the company forward.
3. Auditor Appointment: An auditor was appointed to ensure transparency and compliance in financial reporting.
4. Dividend Announcement: The AGM approved a 0.3947% cash dividend and 7.50% bonus shares for shareholders, demonstrating the company’s commitment to rewarding its investors.
5. Share Structure Revision: A major decision was made to restructure the shareholding ratio to 51:49, which is expected to strengthen governance and attract strategic investments.
6. Amendments to Articles of Association: Several amendments were made to align with regulatory requirements and support the company’s strategic goals.
The AGM was hailed as a significant step forward for Mero Microfinance, reinforcing its dedication to enhancing shareholder value while maintaining financial stability. The proposed share structure adjustment, in particular, is expected to boost operational efficiency and expand the institution's reach.
The Board of Directors expressed gratitude to all shareholders for their unwavering support and participation in the AGM. With these resolutions, Mero Microfinance is poised for sustained growth and continued contributions to Nepal’s financial inclusion landscape.
