21st March 2025, Kathmandu
Mahila Laghubitta Bittiya Sanstha Ltd. successfully conducted its 7th Annual General Meeting (AGM) at Anmol Catering Services, Shankhamul, Kathmandu. The meeting, chaired by Board Chairperson Tara Kunwar, focused on financial reports, mergers, and strategic decisions.
Mahila Laghubitta 7th AGM
Key Decisions
The AGM approved the financial statements for the fiscal year 2080/81. These included the profit and loss account, cash flow statement, and audit report. Shareholders also appointed an external auditor for the fiscal year 2081/82, as per the Bank and Financial Institutions Act 2073.
The meeting amended Rule 32 (g) of the institution’s bylaws. It also discussed potential mergers or acquisitions with other “D” category microfinance institutions. The Board of Directors received authorization to appoint a certified valuator for asset and liability assessments. They will also handle legal procedures and agreements related to mergers.
Leadership Insights
CEO Krishna Prasad Neupane addressed shareholder queries during the meeting. He emphasized the institution’s commitment to delivering higher returns and achieving sustainable growth. Neupane highlighted the institution’s progress and plans, focusing on financial inclusion and community empowerment.
Special Addresses
Honorable Member of Parliament Juli Kumari Mahato attended the event. She extended her best wishes for the institution’s growth and success. Chief guest Tulsi Thapa, a women’s rights advocate, stressed the importance of collaboration between Mahila Laghubitta and women’s development organizations.
Shareholder Engagement
The AGM saw active participation from shareholders. They expressed confidence in the institution’s leadership and strategic direction. The discussions and resolutions reflected the institution’s commitment to transparency and accountability.
Future Plans
The AGM saw active shareholder participation, with attendees expressing confidence in the institution’s leadership and strategic direction. Discussions were constructive, and the resolutions passed highlighted the institution’s commitment to transparency, accountability, and good governance. The meeting reinforced shareholders’ trust in Mahila Laghubitta’s ability to deliver value and drive growth in the microfinance sector.
For more: Mahila Laghubitta 7th AGM