Manushi Laghubitta held SGM

KATHMANDU:Manushi Laghubitta Bittiya Sanstha Ltd held a special general meeting (SGM) on Friday, August 23. The main agenda item for the meeting was demerger. The demerger proposal presented at the meeting was unanimously approved.

In the preceding fiscal year, it completed the entire merger procedure with Shrijanshil Laghubitta. The meeting was informed that the process could not be carried out owing to unusual circumstances. The laghubitta's Cheif Executive Officer stated that this was done to benefit the organization and all of its investors.

Since the merger plan could not be implemented, the assembly allowed the board of directors to look for another suitable laghubitta and proceed with the merger. Only last week, the organization published a profitable financial statement.

The laghubitta , which has its headquarters in Banepa, Kavre, currently operates 36 branches in 14 districts. The organization's share capital is 10 crore 93 lakhs 75 thousand.