Fonepay Payment Service Ltd. Successfully Concludes its Sixth Annual General Meeting

Kathmandu, Monday, 24 Kartik 2082 – Fonepay Payment Service Ltd. has successfully concluded its Sixth Annual General Meeting (AGM) at Marriott Hotel, Naxal, Kathmandu. The AGM approved the annual financial statements of FY 2081/82, the auditor’s report, and various proposals presented during the meeting. 

Chaired by Mr. Sashin Joshi, Chairman of the Fonepay Board of Directors, the meeting endorsed a 19% cash dividend on paid-up capital for its shareholders, reappointed Mr. Sashin Joshi as the Independent Director, and approved the reappointment of N.B.S.M. & Associates, Chartered Accountants, as the auditor for FY 2082/83. 

Additionally, as per the special resolution, the meeting approved amendments to Fonepay’s Memorandum of Association and Articles of Association and endorsed the decision to issue shares to the general public.