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Aabhiyan Laghubitta Proposes 100% Rights Share Issue

Aabhiyan Laghubitta has called its sixth AGM to seek shareholder approval for a 100% rights share issue and proposals related to merger and acquisition.

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Aabhiyan Laghubitta Proposes 100% Rights Share Issue

Aabhiyan Laghubitta Bittiya Sanstha Limited (AVYAN) has proposed issuing 100% rights shares and has convened its sixth Annual General Meeting (AGM) to seek shareholders' approval. The meeting will be held on Asar 30, 2083 (Tuesday) at Tamrakar Party Venue, Panauti, Kavrepalanchok, starting at 11:00 AM. The AGM will consider special resolutions to issue rights shares equivalent to the company's existing paid-up capital, authorize the board of directors to proceed with potential merger or acquisition (M&A) activities with other microfinance institutions, and amend the company's Memorandum and Articles of Association as required. For the AGM, the company has announced a book closure on Asar 16, 2083. Accordingly, shareholders maintaining ownership by the close of trading on Asar 15 will be eligible to attend the meeting and participate in the proposed resolutions.

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