AGM Overview:
Fonepay Payment Service Ltd. successfully held its Sixth Annual General Meeting (AGM) at the Marriott Hotel, Naxal, Kathmandu, under the chairmanship of Mr. Sashin Joshi. The meeting approved the auditor’s report and financial statements for the fiscal year 2081/82, and officially declared a 19% cash dividend for its shareholders.

Key Decisions:
During the AGM, Mr. Sashin Joshi was reappointed as an Independent Director, reflecting the company’s continued confidence in his leadership. Additionally, N.B.S.M. & Associates were reappointed as the external auditors for the fiscal year 2082/83.

Strategic Resolutions:
The shareholders also approved amendments to the company’s Memorandum and Articles of Association and passed a special resolution to proceed with the issuance of shares to the general public, marking a significant milestone in Fonepay’s growth and expansion strategy.