Himalayan Capital Limited and Civil Capital Market Limited have called their AGM on 26th Ashwin, 2080 respectively. The meeting of both companies will be held in their own respective, starting from 11 am that day.
Both the AGMs will endorse the auditor’s report with PL statements, financial reports, and cash flow reports for FY 2079/80 and appoint an auditor for the fiscal year 2080/81. There are also agendas to provide the BoDs authority to oversee any acquisition-related procedures and make necessary amendments as instructed by regulatory bodies.
Earlier both merchant banks called their respective SGM to pass a resolution regarding evaluating the Due Diligence Audit and endorse a share swap ratio of 100: 31 for the acquisition between Himalayan Capital Limited and Civil Capital Market Limited, implying that 100 units of Himalayan Capital will be converted into 31 units while Civil Capital shares would remain unchanged.