19th January 205, Kathmandu
Mero Microfinance Laghubitta Bittiya Sanstha Limited successfully held its 12th Annual General Meeting (AGM) at Siddhartha Hotel, Batar Tower, Bidur-4, Battar, Nuwakot.
Mero Microfinance 12th AGM Bonus Shares
Shareholders and members gathered to review the company’s financial performance and approve key proposals for the upcoming year.
Bonus Shares and Cash Dividend Approved
At the AGM, shareholders approved a 7.5 percent bonus share distribution based on the current paid-up capital. Additionally, a cash dividend of 0.3947 percent was approved for tax purposes. These decisions demonstrate the company’s strong financial results and commitment to rewarding its shareholders.
Share Ownership Structure Adjusted
A proposal to amend the institution’s memorandum and articles of association was also passed. The amendment ensures the ownership ratio between founding shareholders and the general public stays balanced at 51:49. The board of directors was authorized to make necessary changes to the governance documents.
Election of Two New Directors
Two new directors were elected from the general shareholders during the AGM, to ensure better representation and give a stronger voice to the public shareholders. This move is expected to enhance transparency within the organization and encourage a more inclusive approach to decision-making at the board level.
By incorporating perspectives from the broader shareholder base, the company aims to strengthen its governance structure and ensure that all stakeholders have an active role in shaping its future direction.
Auditor Appointment and Additional Resolutions Passed
The AGM appointed an auditor for the upcoming fiscal year. Several other resolutions regarding the company’s operational efficiency and governance were also passed. These actions will enhance the organization’s credibility and improve its operational effectiveness.
Looking Ahead: Growth and Improved Governance
With the approval of key financial and governance decisions, Mero Microfinance is poised for continued growth. These measures highlight the company’s commitment to increasing shareholder value, improving governance, and ensuring financial stability. Mero Microfinance plans to remain a leader in the evolving microfinance sector.
Mero Microfinance 12th AGM Bonus Shares