The meeting is supposed to delegate authority to BOD to forward the procedure of merger and acquisition and amend its article of association and regulations as per the requirement of regulatory bodies.
Moreover, the meeting will approve financial reports of the last FY and appoint Auditor for the current FY.
Recently, Swadeshi Laghubitta issued 100 percent right shares from October 9-November 12. The company issued 1,150,000 units of right shares worth Rs 115 million to its existing shareholders.
After the capitalization of the right shares, the paid-up capital will reach Rs 230 million.
