The AGM approved the annual financial statements of FY 2081/82, the auditor’s report, and various proposals presented during the meeting.
Chaired by Sashin Joshi, Chairman of the Fonepay Board of Directors, the meeting endorsed a 19% cash dividend on paid-up capital for its shareholders, reappointed Sashin Joshi as the Independent Director, and approved the reappointment of N.B.S.M. & Associates, Chartered Accountants, as the auditor for FY 2082/83.
Additionally, as per the special resolution, the meeting approved amendments to Fonepay’s Memorandum of Association and Articles of Association, and endorsed the decision to issue shares to the general public.
