17th April 2025, Kathmandu
Matribhumi Laghubitta Bittiya Sanstha Limited successfully conducted its sixth Annual General Meeting (AGM) on 15 April at Hotel Amuprastha Banquet, Budhanilkantha.
Matribhumi Laghubitta AGM Nepal
AGM Endorses Key Proposals
The meeting was chaired by Mr. Lokraj Sharma, the current Chairman of the Board. During the session, shareholders approved the annual report for fiscal year 2080/81. They also passed the proposal for appointing a new external auditor.
A major highlight was the approval of issuing a Further Public Offering (FPO). The aim is to allow more public participation and strengthen the company’s capital base.
In addition, the AGM authorized the Board to explore merger opportunities with other microfinance companies. This decision opens the door to future expansion and better resource management.
Shareholder Engagement and Dialogue
Shareholders actively participated in the discussions. They shared their feedback, raised questions, and offered suggestions. The Chairman, Mr. Sharma, and the CEO, Mr. Laxmi Prasad Sharma, responded to each concern.
The event began with a welcome note by Board Director Ms. Sushma Gautam. CEO and Company Secretary Mr. Laxmi Prasad Sharma conducted the rest of the session.
New Directors Elected
The AGM also held elections for the Board of Directors.
Four representatives were elected from the promoter group:
Shambhu Prasad Dhimire
Bimala Yogi
Khadananda Sapkota
Indra Kumar Shah
Two directors were elected from the general shareholders:
Binod Acharya
Bharat Bahadur Hamal
New Chairman Takes Oath
On 16 April, the newly elected board held its first meeting. The board chose Mr. Binod Acharya as the new Chairman.
Later that day, Mr. Acharya took his oath of office and secrecy before Mr. Guru Prasad Paudel, Executive Director of Nepal Rastra Bank.
Looking Ahead with Expansion Plans
The AGM indicated the company’s direction for the coming year. The FPO proposal shows an intent to invite broader ownership. Similarly, the merger authorization signals plans for institutional growth and better outreach.
The shareholders also approved the financial report for the last fiscal year. They appointed an auditor for the current year and fixed the audit fee.
Conclusion
Matribhumi Laghubitta’s sixth AGM reflected strong shareholder engagement and strategic planning. The decisions made during the meeting aim to improve financial strength, increase public trust, and create room for growth.
The institution remains committed to financial inclusion and supporting rural communities through microfinance services. With a new leadership team and fresh goals, the company enters a new chapter with confidence and clarity.
For more: Matribhumi Laghubitta AGM Nepal