26th September 2025, Kathmandu
Manjushree Finance Limited has formally announced that its Annual General Meeting (AGM) will be held on October 17, 2025 (Asoj 31, 2082), Friday.
Manjushree Finance Calls AGM
This highly anticipated meeting is poised to be a pivotal event for the company, as its agenda goes beyond routine matters to include significant strategic proposals. The meeting will address key financial decisions, including dividend distribution, as well as forward-looking corporate restructuring plans, such as potential mergers and acquisitions. This comprehensive agenda reflects the company’s commitment to rewarding its shareholders while simultaneously positioning itself for future growth and consolidation in Nepal’s competitive financial sector.
Proposed Dividend and Financial Performance
A primary focus of the AGM will be the approval of a 15% cash dividend for the fiscal year 2024/25. This dividend proposal, which is inclusive of all applicable taxes, is a direct result of the company’s profitability and financial stability. The total cash dividend amount is calculated on the company’s current paid-up capital of NPR 1,351,552,848.80, which results in a total payout of NPR 20,273,292.32. This proposal demonstrates Manjushree Finance’s dedication to providing a consistent return to its investors. The company’s ability to offer a substantial cash dividend reflects its sound financial management and healthy balance sheet, which is a positive signal for both existing and potential shareholders. The approval of this dividend will be a key agenda item and will be decided upon by the shareholders at the meeting.
Key Agendas for the AGM
The proposals to be discussed at the AGM are divided into two main categories: General Proposals and Special Proposals.
General Proposals:
- Annual Report and Financial Statements: The shareholders will review and approve the Board of Directors’ annual report, as well as the company’s financial statements for the fiscal year 2081/82. This includes the auditor’s report, profit and loss statements, and the balance sheet as of the end of Ashadh 2082. This is a standard and crucial part of corporate governance, ensuring transparency and accountability.
- Auditor Appointment: The meeting will also include the appointment of an auditor for the upcoming fiscal year, 2082/83, along with the determination of their remuneration. This is a vital step to ensure the continued financial oversight and integrity of the company.
- Dividend Approval: The general proposal for the 15% cash dividend will be put to a vote, and its approval will be necessary for the dividend to be distributed.
Special Proposals:
- Amendments to Memorandum and Articles of Association: The company plans to seek approval to relocate its registered office. This move, which is subject to approval from the Nepal Rastra Bank, will require an amendment to the company’s foundational legal documents. This change is often a reflection of a company’s evolving operational needs and strategic direction.
- Authorization for Strategic Moves: This is arguably the most significant agenda item. The company’s management is seeking a mandate from the shareholders to explore and execute strategic initiatives, including mergers, acquisitions, and potential foreign strategic partnerships. This authority would allow the Board of Directors to conduct a due diligence audit (DDA), appoint evaluators, and make all necessary agreements to complete any M&A process.
The Strategic Importance of the Merger and Acquisition Proposal
The inclusion of the merger and acquisition proposal on the AGM agenda is a clear indication of Manjushree Finance’s proactive stance in the competitive financial market. In Nepal’s rapidly changing financial landscape, consolidation is a key strategy for growth, and this proposal signals that the company is prepared to play a leading role in that process. By potentially merging with or acquiring other banks or financial institutions, Manjushree Finance could significantly increase its paid-up capital, expand its branch network, enhance its service offerings, and gain a larger market share. Furthermore, the possibility of a foreign strategic partnership could open doors to new technologies, capital, and expertise, which would be invaluable for the company’s long-term growth. The AGM’s decision on this matter will have a profound and lasting impact on the company’s future trajectory.
Conclusion
The upcoming AGM of Manjushree Finance, is set to be a landmark event. The combination of a generous dividend proposal and a forward-looking strategic agenda demonstrates the company’s commitment to both its shareholders and its long-term corporate health. As the company seeks to reward investors while simultaneously exploring significant growth opportunities through mergers and acquisitions, the outcome of the meeting will be closely watched by investors, analysts, and the broader financial community. These decisions will not only shape the future of Manjushree Finance but also reflect the ongoing trends of consolidation and modernization within Nepal’s dynamic financial sector.
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