Nerude Mirmire Laghubitta 18th AGM: Financials Approved, New Board Elected
20th May 2025, Kathmandu
Nerude Mirmire Laghubitta Bittiya Sanstha Limited organized its 18th Annual General Meeting (AGM) on Jestha 5 (19 May), at Hotel Sarathi, Dhulikhel. The event was chaired by Manikumar Arjyal, the Chairperson of the Board.
Nerude Mirmire Laghubitta 18th AGM
The meeting focused on financial transparency, board elections, and structural updates.
Annual Report Gets Approved
Chairperson Arjyal presented the Fiscal Year 2080/81 annual report during the session. Shareholders discussed the report in detail. After discussions, they approved the report with consensus.
The AGM also reviewed the Balance Sheet as of Ashad-end 2081, the Profit and Loss Account, and the Cash Flow Statement. The report included key accounting policies and financial notes.
Shareholders endorsed all these documents.
Previous Institution’s Financial Details Passed
The AGM also reviewed the audit report and financial statements of the former Mirmire Laghubitta up to Falgun-end 2080. After discussions, the shareholders approved these statements as well.
This endorsement marks a crucial step in integrating the previous institution’s records with Nerude Mirmire’s ongoing operations.
Auditor Appointed for 2081/82
The institution appointed an external auditor for Fiscal Year 2081/82. The decision was made based on recommendations from the Audit Committee. Shareholders agreed to the appointment and also fixed the auditor’s remuneration.
Special Resolution for Office Relocation
A special proposal to relocate the corporate office was also passed. Shareholders authorized the Board of Directors to take necessary action. If needed, the board can amend the institution’s Memorandum of Association and Articles of Association.
The board now holds the authority to make changes in compliance with instructions from regulatory bodies.
Board Elections Held
The AGM also conducted elections to appoint six directors to the Board of Directors.
From the founder group, the following three members were elected:
Manikumar Arjyal
Santosh Phuyal
Tek Bahadur Bohora
From the public shareholders group, the following three members were elected unopposed:
Sudhir Kumar Shrestha
Sanju Ghimire
Raj Kumar Rai
These six members will serve for four years.
Board Empowered for Legal Amendments
The AGM gave the board the power to make necessary amendments. If regulatory agencies issue directives in the future, the board can update institutional rules and documents accordingly.
This decision adds flexibility to respond to legal or policy changes.
Renewed Focus on Transparency and Growth
The AGM signals Nerude Mirmire Laghubitta’s focus on transparency, corporate governance, and future growth.
By approving reports, appointing auditors, and electing board members, the institution has completed key governance responsibilities for the new fiscal year.
What’s Next?
With a refreshed board and strong compliance in place, Nerude Mirmire is preparing for strategic expansion.
The institution plans to increase outreach, strengthen microfinance services, and align more closely with national financial inclusion goals.
It also aims to improve client experiences and modernize internal systems.
About Nerude Mirmire Laghubitta
Nerude Mirmire Laghubitta is a leading microfinance institution in Nepal. It works to improve financial access for underserved communities. Through microloans, savings products, and entrepreneurship support, it plays a vital role in empowering rural households.
Conclusion
The 18th AGM at Dhulikhel successfully marked a new phase for Nerude Mirmire Laghubitta. With six directors elected, financials approved, and structural powers granted to the board, the institution stands ready for its next chapter.
Its focus now shifts toward strengthening operations, enhancing governance, and reaching more clients across Nepal.
For more: Nerude Mirmire Laghubitta 18th AGM
