Nexgen Management & Equity Solutions Ltd. has successfully concluded its 8th Annual General Meeting (AGM) on Ashwin 3 at Hotel Alo Pagoda under the chairmanship of Chairman Devendra Pratap Shah.
The AGM approved a proposal to amend the company’s objectives and to issue shares to the general public.
Managing Director Ramesh Kumar Bhattarai welcomed shareholders and guests and explained the need to change the company’s objectives and issue public shares. Chairman Shah highlighted the company’s past performance, current status, and future strategies, while Director Ajay Kumar Mishra gave a presentation on investment risks and the benefits of timely investments.
Founding shareholders Ram Krishna Paudel, Shree Chandra Bhatt, Balram Bist, Suresh Sapkota, and other invitees raised various queries, which were answered by Chairman Shah and MD Bhattarai.
The AGM also approved the financial report for FY 2081/82, added provisions to the company’s objectives, and appointed an auditor for FY 2082/83.
In addition, the meeting decided to:
- Increase the issued and paid-up capital to NPR 500 million by selling additional founder shares at a premium,
- Issue 30% of shares to the general public, and
- Ratify the company’s investment in its subsidiary, Agro Development Fund Ltd.
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