minutes€¦ · fiscal year 2018/19 (2075/076 b.s) was held under the chairpersonship of ms. shukla...

Bottlers Nepal Limited

MINUTES Of the 41st Annual General Meeting

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Bottlers Nepal Limited Aff]6n;{ g]kfn lnld6]8 Minutes of the 41st Annual General Meeting $! cf}F jflif{s ;fwf/0f ;efsf] dfOGo"6 Held on 14th November, 2019 ldlt !$ gf]eDa/, @)!( At Hotel Annapurna, Durbar Marg, Kathmandu, Nepal xf]6n cGgk"0f{, b/af/dfu{, sf7df8f}F, g]kfn

1

Bottlers Nepal Limited Minutes of the 41st Annual General Meeting (Fiscal Year 2018/19 (2075/76 B.S))

Company Registration No: 140

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1. Annual General Meeting The 41st Annual General Meeting (the "Meeting") of Bottlers Nepal Limited (the "Company") for the Fiscal Year 2018/19 (2075/076 B.S) was held under the Chairpersonship of Ms. Shukla Wassan, the Chairperson of Board of Directors of the Company, on Thursday, Kartik 28, 2076 (14th November,2019) at Hotel Annapurna, Durbar Marg, Kathmandu from 4:00 PM. to 5:00 P.M. Discussions and approved proposals of this Meeting are recorded as follows.

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2. Attendance @= pkl:ylt

2.1. Attendance of Director(s) Ms. Shukla Wassan Mr. Mohamed Amin Ghoneim Mr. Pradip Pandey Mr. Sundeep Bajoria Mr. Prasad Gyawali, Alternate Director to Mr. Surendra Silwal Mr. Narmadeshwar Narayan Singh Dr. Trilochan Upreti

@=! ;+rfns ;ldltx?sf] pkl:ylt >L z'Snf jf;g >L df]xDdb cldg uf]lgd >L k|lbk kf08]o >L ;lGbk ahf]l/of >L k|;fb 1jfnL, ;'/]Gb« l;njfn Ho"sf] j}slNks ;+rfns >L g/db]Zj/ gf/fo0f l;+x 8f= lqnf]rg pk|]tL

2.2 Attendance of Shareholders Person/Authorized Representative/ through proxy: 11


1

Bottlers Nepal Limited Minutes of the 41st Annual General Meeting (Fiscal Year 2018/19 (2075/76 B.S))

Company Registration No: 140

Aff]6n;{ g]kfn lnld6]8 $! cf}F jflif{s ;fwf/0f ;ef -cfly{s jif{ @)!*.!( -@)&%.&^ lj=;+__

sDkgL btf{ g+ !$)

1. Annual General Meeting The 41st Annual General Meeting (the "Meeting") of Bottlers Nepal Limited (the "Company") for the Fiscal Year 2018/19 (2075/076 B.S) was held under the Chairpersonship of Ms. Shukla Wassan, the Chairperson of Board of Directors of the Company, on Thursday, Kartik 28, 2076 (14th November,2019) at Hotel Annapurna, Durbar Marg, Kathmandu from 4:00 PM. to 5:00 P.M. Discussions and approved proposals of this Meeting are recorded as follows.

!= jflif{s ;fwf/0f ;ef af]6n;{ g]kfn lnld6]8sf] -“ sDkgL” _ $! cf}F jflif{s ;fwf/0f ;ef -cfly{s jif{ @)!*.!( -@)&%.&^ lj=;+__ sDkgLsf ;+rfns ;ldltsf cWoIf >L z'Snf jf;gHo"sf] cWoIftfdf ldlt @)&^ sflt{s @*, ljlxaf/ -!$ gf]eDa/, @)!(_ sf] lbg xf]6n cGgk"0f{, b/af/dfu{, sf7df8f}Fdf $:)) b]lv %:)) ah] ;Dd ;DkGg eof] . a}7ssf 5nkmn tyf lg0f{ox? lgDg adf]lhd /x]sf 5g\ .

2. Attendance @= pkl:ylt

2.1. Attendance of Director(s) Ms. Shukla Wassan Mr. Mohamed Amin Ghoneim Mr. Pradip Pandey Mr. Sundeep Bajoria Mr. Prasad Gyawali, Alternate Director to Mr. Surendra Silwal Mr. Narmadeshwar Narayan Singh Dr. Trilochan Upreti

@=! ;+rfns ;ldltx?sf] pkl:ylt >L z'Snf jf;g >L df]xDdb cldg uf]lgd >L k|lbk kf08]o >L ;lGbk ahf]l/of >L k|;fb 1jfnL, ;'/]Gb« l;njfn Ho"sf] j}slNks ;+rfns >L g/db]Zj/ gf/fo0f l;+x 8f= lqnf]rg pk|]tL

2.2 Attendance of Shareholders Person/Authorized Representative/ through proxy: 11


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@=@ z]o/wgLsf] pkl:ylt ;+Vof :jo+ / cflwsfl/s k|ltlglw / k|f]S;L: !!

2.3 Attendance of the office-bearers

Mr. Bijay Kumar Agrawal, Representative of M/s B.K Agrawal & Co. Chartered Accountants Ms. Pratima Burma, Company Secretary

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3. Notice of 41st Annual General Meeting #= $! cf}F jflif{s ;fwf/0f ;efsf] ;"rgf

Ms. Pratima Burma, Company Secretary informed that the notice for convening 41st Annual General Meeting of the Company on 14th November, 2019 (Kartik 28th, 2076) was first published in Arthik Abhiyan, a National Daily Newspaper on 23rd October, 2019 (6th Kartik, 2076) and the 2nd notice was published on 31st October, 2019 (14th kartik, 2076) in Arthik Abhiyan, a National Daily Newspaper. Notice along with the Annual Report of the Company was sent through courier to the shareholders at their respective addresses as recorded in Company’s Shareholder Register.

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4. Quorum Total shareholders including proxy and authorized representative present: 11

Total number of shares: 1,492,431 (Representing 76.57% of the Company’s total shares of 1,948,887)

$= u0fk"/s ;+Vof

s'n z]o/wgL, pkl:yt k|f]S;L / cflwsfl/s k|ltlglw ;lxt: !!

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5. Agenda of the Meeting %= a}7ssf] Ph]08f

5.1. Agenda: %=! Ph]08f:


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5.1.1. To adopt the Director’s Report for the Fiscal Year 2075/76. %=!=! cfly{s jif{ @)&%.&^ sf] ;+rfnssf] k|ltj]bg kfl/t ug]{ .

5.1.2. To consider and approve the remuneration and other facilities of Managing Director.

%=!=@ k|aGw ;+rfnssf] kfl/>lds tyf cGo ;'ljwf pk/ 5nkmn u/L kfl/t ug]{ .

5.1.3. To adopt the Audited Financial Statements including the Consolidated Financial Statements of the Company comprising of Balance Sheet as of 31st Ashad, 2076, Income Statement for the Fiscal Year 2075/76, Profit & Loss Account and Cash flow Statement for the same period and Auditors’ Report thereon;

%=!=# Plss[t ljlQo ljj/0f, @)&^ c;f/ #! ut] ;Ddsf] jf;nft, cf=j @)&%.&^ sf] cfo ljj/0f ;f]xL ldltdf ;dfKt ePsf] gfkmf gf]S;fg lx;fa tyf gub k|jfx ljj/0f ;lxtsf] n]vfkl/If0f ePsf] ljQLo ljj/0f / n]vfkl/Ifssf] k|ltj]bg :jLs[t ug]{ .

5.1.4. To consider and approve the re-appointment of Statutory Auditor and their

remuneration for the Fiscal Year 2076/77 as per Section 111 of the Companies Act, 2006 (2063) and as recommended by Audit Committee.

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kfl/>lds pk/ 5nkmn u/L :jLs[t ug]{ .

5.2. Miscellaneous: %=@ ljljw:

5.2.1. As per permission of Chairperson of the Meeting. %=@=! cWoIfsf] cg'dlt cg';f/ .

6. Meeting begins ^ a}7ssf] z'?jft

The Shareholders present confirmed that 41st Annual General Meeting of the Company was convened in compliance with the provisions of the Companies Act 2063(2006) and Articles of Association of the Company.

pkl:yt ePsf z]o/wgLx?n] $! cf}F jflif{s ;fwf/0f ;efdf sDkgL P]g @)^#-@))^_ tyf sDkgLsf] lgodfjnL adf]lhd ;+rflnt ePsf] s'/f k'li6 ug'{eof] .

Ms. Burma informed the Members that in pursuance to Section 74 of the Companies Act, 2063 read with Article 13(c) of Articles of Association of the Company, Ms. Shukla Wassan, Chairperson of the Board, shall chair the 41st Annual General Meeting of the Company.

sDkgL P]g @)^# sf] bkmf &$ sf ;fy} sDkgLsf] lgodfjnLsf] bkmf !#-u_ adf]lhd ;+rfns ;ldltsf] cWoIf >L z'Snf jf;gn] sDkgLsf] $! cf}F jflif{s ;fwf/0f ;efsf] cWoIftf u|x0f ug]{ hfgsf/L >L adf{Ho"n] u/fpg'eof] .


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5.1.1. To adopt the Director’s Report for the Fiscal Year 2075/76. %=!=! cfly{s jif{ @)&%.&^ sf] ;+rfnssf] k|ltj]bg kfl/t ug]{ .

5.1.2. To consider and approve the remuneration and other facilities of Managing Director.

%=!=@ k|aGw ;+rfnssf] kfl/>lds tyf cGo ;'ljwf pk/ 5nkmn u/L kfl/t ug]{ .

5.1.3. To adopt the Audited Financial Statements including the Consolidated Financial Statements of the Company comprising of Balance Sheet as of 31st Ashad, 2076, Income Statement for the Fiscal Year 2075/76, Profit & Loss Account and Cash flow Statement for the same period and Auditors’ Report thereon;

%=!=# Plss[t ljlQo ljj/0f, @)&^ c;f/ #! ut] ;Ddsf] jf;nft, cf=j @)&%.&^ sf] cfo ljj/0f ;f]xL ldltdf ;dfKt ePsf] gfkmf gf]S;fg lx;fa tyf gub k|jfx ljj/0f ;lxtsf] n]vfkl/If0f ePsf] ljQLo ljj/0f / n]vfkl/Ifssf] k|ltj]bg :jLs[t ug]{ .

5.1.4. To consider and approve the re-appointment of Statutory Auditor and their

remuneration for the Fiscal Year 2076/77 as per Section 111 of the Companies Act, 2006 (2063) and as recommended by Audit Committee.

%=!=$ sDkgL P]g, @)^# sf] bkmf !!! adf]lhd cfly{s jif{ @)&^.&& sf] n]vfkl/If0f ug{

n]vfkl/If0f ;ldltsf] l;kmfl/z adf]lhd n]vfkl/Ifssf] lgo'QmL ug]{ / lghsf]

kfl/>lds pk/ 5nkmn u/L :jLs[t ug]{ .

5.2. Miscellaneous: %=@ ljljw:

5.2.1. As per permission of Chairperson of the Meeting. %=@=! cWoIfsf] cg'dlt cg';f/ .

6. Meeting begins ^ a}7ssf] z'?jft

The Shareholders present confirmed that 41st Annual General Meeting of the Company was convened in compliance with the provisions of the Companies Act 2063(2006) and Articles of Association of the Company.

pkl:yt ePsf z]o/wgLx?n] $! cf}F jflif{s ;fwf/0f ;efdf sDkgL P]g @)^#-@))^_ tyf sDkgLsf] lgodfjnL adf]lhd ;+rflnt ePsf] s'/f k'li6 ug'{eof] .

Ms. Burma informed the Members that in pursuance to Section 74 of the Companies Act, 2063 read with Article 13(c) of Articles of Association of the Company, Ms. Shukla Wassan, Chairperson of the Board, shall chair the 41st Annual General Meeting of the Company.

sDkgL P]g @)^# sf] bkmf &$ sf ;fy} sDkgLsf] lgodfjnLsf] bkmf !#-u_ adf]lhd ;+rfns ;ldltsf] cWoIf >L z'Snf jf;gn] sDkgLsf] $! cf}F jflif{s ;fwf/0f ;efsf] cWoIftf u|x0f ug]{ hfgsf/L >L adf{Ho"n] u/fpg'eof] .


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Ms. Shukla Wassan, Chairperson, after ascertaining the requisite quorum being present, called the Meeting to order.

cWoIf >L z'Snf jf;gn] a}7ssf] cfjZos u0fk"/s ;+Vof kof{Kt ePsf] ;'lglZrt ul/ a}7s ;+rfngsf] nflu sf/jfxL cufl8 a9fOof] .

The Chairperson welcomed all the distinguished shareholders, guests and employees to the 41st Annual General Meeting of the Company and introduced the Members of the Board present on dais. She thanked all the shareholders for participating 41st Annual General Meeting of the Company.

cWoIfHo"n] ;Dk"0f{ z]o/wgLx?, cltlyx? Tyf sd{rf/Lx?nfO{ sDkgLsf] $! cf}F jflif{s ;fwf/0f ;efdf :jfut ul/ a}7sdf pkl:yt ;+rfnsx?sf] kl/ro lbg'eof] . pFxfn] ;a} z]o/wgLx?nfO{ $! cf}F jflif{s ;fwf/0f ;efdf efu lng'ePsf]df wGojfb 1fkg ug'{eof] .

7. Chairperson’s Speech &= cWoIfHo"sf] dGtJo

The Chairperson informed Shareholders that, this was a challenging year due to evolving regulatory changes. Despite that, the Company, along with its subsidiaries have succeeded in recording growth of 6.09% in Volume. Likewise, growth of 4.80% in Net Sales Revenue as compared to last year.

cWoIfHo"n] ;Dk"0f{ z]o/wgLx?nfO{ of] jif{ ljleGg lgofds kl/jt{gn] ubf{ lgs} r'gf}tL k"0f{ /x]sf] hfgsf/L lbg'eof] . oßkL, sDkgLn], cfkm\gf] ;xfos sDkgL ;lxt ^=)( k|ltztn] cfotgdf j[l4 u/]sf] 5 . To:t}u/L, kl5Nnf] jif{sf] t'ngfdf $=* k|ltztn] s'n lalqm /fhZjdf ;d]t j[l4 u/]sf] 5 .

She further informed that the Company’s subsidiary, Bottlers Nepal (Terai) Limited has upgraded its manufacturing plant by successfully installing a new Affordable Small Sparkling Pack (ASSP) line in Bharatpur with the capacity of 766 Bottling Per Minute (BPM) for 250 ml pack size and 600 Bottling Per Minute (BPM) for 500 ml pack size. Along with this the company had launched 250 ml Pack Size manufactured from this new line in Coke, Fanta and Sprite flavor in the market in June this year. Also the Company has been continuously investing in modernization of its infrastructural development and automation in its business operation launching Sales Force Automation for our sales force and Bottlers Operation Solution for our distributors, which would make our business processes more efficient.

jFxfn] o; sDkgLsf ;xfos sDkgL, af]6n;{ g]kfn -t/fO{_ lnld6]8sf] cfkm\gf] pTkfbsTj j[l4 ub}{ gFof Affordable Small Sparkling Pack (ASSP) nfO{g @%) ld=ln Kofs ;fOhsf] nflu &^^ af]tn k|lt ldg6 / %)) ld=ln Kofs ;fOhsf] nflu ^)) af]tn k|lt ldg6 pTkfbg Ifdtf ePsf] nfOg e/tk"/df h8fg u/]sf] 5 . ;fy;fy}, sDkgLn] olx jif{ h"gdf dfq} gFof nfOgaf6 pTkfbg ePsf] @%) ld=ln Kofs ;fOhsf] sf]s, km\ofG6f / :k|fO6 dfs]{6df NofPsf] lyof] . sDkgLn] cfkm\gf] k"jf{wf/ ljsf; ub}{ cfw'lglss/0f tkm{ n}hfg nufgL ul/ /x]sf] 5 / cfkm\gf] Joj;fonfO{ :jrfng ug{ ;]N; kmf];{sf nflu ;]N; kmf];{ c6f]d];g / l8l:6«Jo"6/sf] nflu af]6lnË ck/]zg ;No';g z'?jft u/]sf] 5, o;n] Joj;fosf k|s[ofnfO{ ;xh agfpg ;xof]u ub{5 .


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She also apprised that the Institute of Chartered Accountants of Nepal (ICAN) has honored your Company yet again with the ‘Best-Presented Annual Report Award 2018’, Runner Up in the General sector for excellence, for its annual report 2018 presentation.

pFxfn] g]kfn rf68{ PsfpG6]G6; ;+:yf n] km]l/ sDkgLnfO{ jflif{s k|ltj]bg k|:t'tLsf] ;fdfGo If]qdf jflif{s k|ltj]bg

@)!* nfO{{ “pTs[i6 k|:t'tL jflif{s k|ltj]bg k'/:sf/ @)!*, /g/ ck” n] ;'zf]let u/]sf] pVvfg u/fpg'eof] .

She commended the existing management team and the employees of the Company for their continued hard work and dedication. She also expressed her gratitude to the business partners, Labour Unions, Statutory & government bodies, bankers and financial institutions, diplomatic officials, media, local community, shareholders and the entire team of the Company for their continued support.

pFxfn] sDkgLsf] Joj:yfkg ;d"x tyf sd{rf/Lx?nfO{ pxfFx?sf] s8f d]x]gt / nuglzntfsf] nflu k|z+;f ug'{eof] . pFxfn] Joj;flos ;fem]bf/, >d o'lgog, j}wflgs tyf ;/sf/L lgsfo, a}Fs tyf ljlQo ;+:yf, s'6g}lts clwsf/L, kqklqsf, :yflgo ;d'bfo, z]o/wgL tyf sd{rf/L ;Dk"0f{nfO{ pxfFx?sf] lg/Gt/ ;xof]usf nflu wGojfb lbg'eof] .

Thereafter the Chairperson requested the Company Secretary to take up the Agenda Item(s).

tt\kZrft cWoIfHo"n] sDkgL ;lrjnfO{ Ph]08f cuf8L a9fpg cfu|x ug'{eof] .

8. Discussion and Decision

*= 5nkmn tyf lg0f{o

8.1. To adopt Directors’ Report of the Company for the Fiscal Year 2075/76.

*=! cfly{s jif{ @)&%.&^ sf] ;+rfnssf] k|ltj]bg kfl/t ug]{ .

Ms. Burma tabled the Directors’ Report of the Company for the Fiscal Year 2075/76 before the Shareholders and requested to propose and second the Resolution as an “Ordinary Resolution”. Ms. Burma, then invited the shareholders to give their comments/ suggestions, if any.

>L adf{n] ;+rfns ;ldltsf] tkm{af6 cfly{s jif{ @)&%.&^ ;+rfnssf] k|ltj]bg z]o/wgL ;dIf k]z ul/ ;fwf/0f k|:tfjsf] ?kdf k|:t't ul/ ;d{yg ul/lbg cfu|x ug'{eof] . tt\kZrft\ >L adf{n] z]o/wgLx?nfO{ ;'emfj ;Nnfx k|:t't ug{ cfu|x ug'{eof] .

Ms. Prabha Koirala, proxy of Manish Priyadarshi, proposed the following resolution as Ordinary Resolution. z]o/wgL >L k|ef sf]O/fnf, >L dlgif lk|ofb;L{sf] k|f]S;Ln] lgDg k|:tfjnfO{ ;fwf/0f k|:tfjsf] ?kdf k|:t't ug'{eof] .


5

She also apprised that the Institute of Chartered Accountants of Nepal (ICAN) has honored your Company yet again with the ‘Best-Presented Annual Report Award 2018’, Runner Up in the General sector for excellence, for its annual report 2018 presentation.

pFxfn] g]kfn rf68{ PsfpG6]G6; ;+:yf n] km]l/ sDkgLnfO{ jflif{s k|ltj]bg k|:t'tLsf] ;fdfGo If]qdf jflif{s k|ltj]bg

@)!* nfO{{ “pTs[i6 k|:t'tL jflif{s k|ltj]bg k'/:sf/ @)!*, /g/ ck” n] ;'zf]let u/]sf] pVvfg u/fpg'eof] .

She commended the existing management team and the employees of the Company for their continued hard work and dedication. She also expressed her gratitude to the business partners, Labour Unions, Statutory & government bodies, bankers and financial institutions, diplomatic officials, media, local community, shareholders and the entire team of the Company for their continued support.

pFxfn] sDkgLsf] Joj:yfkg ;d"x tyf sd{rf/Lx?nfO{ pxfFx?sf] s8f d]x]gt / nuglzntfsf] nflu k|z+;f ug'{eof] . pFxfn] Joj;flos ;fem]bf/, >d o'lgog, j}wflgs tyf ;/sf/L lgsfo, a}Fs tyf ljlQo ;+:yf, s'6g}lts clwsf/L, kqklqsf, :yflgo ;d'bfo, z]o/wgL tyf sd{rf/L ;Dk"0f{nfO{ pxfFx?sf] lg/Gt/ ;xof]usf nflu wGojfb lbg'eof] .

Thereafter the Chairperson requested the Company Secretary to take up the Agenda Item(s).

tt\kZrft cWoIfHo"n] sDkgL ;lrjnfO{ Ph]08f cuf8L a9fpg cfu|x ug'{eof] .

8. Discussion and Decision

*= 5nkmn tyf lg0f{o

8.1. To adopt Directors’ Report of the Company for the Fiscal Year 2075/76.

*=! cfly{s jif{ @)&%.&^ sf] ;+rfnssf] k|ltj]bg kfl/t ug]{ .

Ms. Burma tabled the Directors’ Report of the Company for the Fiscal Year 2075/76 before the Shareholders and requested to propose and second the Resolution as an “Ordinary Resolution”. Ms. Burma, then invited the shareholders to give their comments/ suggestions, if any.

>L adf{n] ;+rfns ;ldltsf] tkm{af6 cfly{s jif{ @)&%.&^ ;+rfnssf] k|ltj]bg z]o/wgL ;dIf k]z ul/ ;fwf/0f k|:tfjsf] ?kdf k|:t't ul/ ;d{yg ul/lbg cfu|x ug'{eof] . tt\kZrft\ >L adf{n] z]o/wgLx?nfO{ ;'emfj ;Nnfx k|:t't ug{ cfu|x ug'{eof] .

Ms. Prabha Koirala, proxy of Manish Priyadarshi, proposed the following resolution as Ordinary Resolution. z]o/wgL >L k|ef sf]O/fnf, >L dlgif lk|ofb;L{sf] k|f]S;Ln] lgDg k|:tfjnfO{ ;fwf/0f k|:tfjsf] ?kdf k|:t't ug'{eof] .


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Mr. Achut Sharma, Shareholder representing M/s Himal City Beverage Private Limited, seconded the same. z]o/wgL lxdfn l;l6 j]e/]h k|f=lnsf] tkm{af6 >L cr''t zdf{n] pQm k|:tfjnfO{ ;dy{g ug'{ eof] . “RESOLVED THAT the shareholders of the Company do hereby receive, consider and adopt the Director’s Report of the Company, for the Fiscal Year 2075/76.”

“z]o/wgLx?n] sDkgLsf] cfly{s jif{ @)&%.&^ sf] ;+rfnssf] k|ltj]bg k|fKt ul/, ljrf/ ul/ kfl/t ug{

lg0f{o ul/of] .” The resolution was then put to vote and was passed unanimously. k|:tfjdf tt\kZrft dt dfu ul/of] / ;f] ;j{;DdtLn] kfl/t ul/of] .

8.2. To consider and approve the remuneration and other facilities of Managing Director.

*=@ k|aGw ;+rfnssf] kfl/>lds tyf cGo ;'ljwf pk/ 5nkmn u/L kfl/t ug]{ .

Ms. Burma informed the Shareholders that the Board of Directors has proposed for increment of Base Salary of Managing Director by 8% from NPR 20,056,000/- (Twenty Million Fifty Six Thousand Only) to NPR 21,660,480/- (Twenty One Million Six Hundred Sixty Thousand Four Hundred Eighty Only)w.e.f 1st September, 2019. Except for other Incentives (annual/ long term), environment allowance and Provident Fund, which shall proportionately increase, all other terms and condition shall remain same as earlier.

;+rfns ;ldltn] k|aGw ;+rfnssf] Base Salary g]=? @,)),%^,))). -b'O{ s/f]8 5kGg xhf/_ nfO{ ! ;]K6]Da/ @)!( b]lv nfu" x'g] ul/ * k|ltztn] j[l4 ul/ g]=? @,!^,^),$*). -b'O{ s/f]8 ;f]x« nfv ;f7L xhf/ rf/ ;o c:;L_ x'g] k|:tfj k]z ug'{ ePsf] >L adf{n] hfgsf/L u/fpg' eof] . o; afx]ssf cGo / ;+rosf]if h'g ;f]xL cg'kftn] j[l4 x'g]5, To; afx]ssf cGo zt{x? ;+rfns ;ldltn] o; cl3 lg0f{o u/]adf]lhd x'g]5 .

Ms. Burma requested the shareholders to propose and second the Resolution as “Ordinary Resolution”. She also invited the shareholders to give comments/ suggestions, if any.

>L adf{n] k|:tfjnfO{ ;fwf/0f k|:tfjsf] ?kdf k|:t't ul/ ;d{yg ul/lbg cfu|x ug'{eof] . tt\kZrft\ >L adf{n] z]o/wgLx?nfO{ ;'emfj ;Nnfx k|:t't ug{ cfu|x ug'{eof] .

Ms. Prabha Koirala, proxy of Manish Priyadarshi, proposed the following resolution as Ordinary Resolution.


7

z]o/wgL >L k|ef sf]O/fnf, >L dlgif lk|ofb;L{sf] k|f]S;Ln] lgDg k|:tfjnfO{ ;fwf/0f k|:tfjsf] ?kdf k|:t't ug'{eof] .

Mr. Achut Sharma, Shareholder representing M/s Himal City Beverage Private Limited, seconded the same. z]o/wgL lxdfn l;l6 j]e/]h k|f=lnsf] tkm{af6 >L cr't zdf{n] pQm k|:tfjnfO{ ;dy{g ug'{ eof] . “RESOLVED THAT pursuant to Section 91(1) and other applicable provisions of the Companies Act, 2006 (2063) (including any statutory modification(s) from time to time or any re-enactment thereof for the time being in force), consent of the shareholders of the Company be and is hereby accorded for the increase of Base Salary of Managing Director by 8% from NPR 20,056,000/- (Twenty Million Fifty Six Thousand Only) to NPR 21,660,480/- (Twenty One Million Six Hundred Sixty Thousand Four Hundred Eighty Only)w.e.f 1st September, 2019.

bkmf (!-!_ / sDkgL P\]g @))^ -@)^#_sf] cGo pko'Qm k|fjwfg adf]lhd -;do ;dodf jf cGo s'g} ;dosf nflu k'g hf/L ul/Psf ;+zf]wg ;lxt_ , k|aGw ;+rfnssf] xfnsf] g]=? @),)%^,))) -b'O{ s/f]8 5kGg xhf/ dfq_ af6 g]=? @!,^^),$*) -b'O{ s/f]8 ;f]x« nfv ;f7L xhf/ rf/ ;o c:;L dfq_ ! ;]K6]Da/ @)!( b]lv * k|ltztn] j[l4 ug]{ lg0f{o ul/of] .

The resolution was then put to vote and was passed unanimously.

k|:tfjdf tt\kZrft dt dfu ul/of] / ;f] ;j{;DdtLn] kfl/t ul/of] .

8.3. To Adopt the Audited Financial Statements including the Consolidated Financial Statements of the Company comprising of Balance Sheet as of 31st Ashad, 2076, Income Statement for the Fiscal Year 2075/76, Profit & Loss Account and Cash flow Statement for the same period and Auditors’ Report thereon;

*=# Plss[t ljlQo ljj/0f, @)&^ c;f/ #! ut] ;Ddsf] jf;nft, cf=j @)&%.&^ sf] cfo ljj/0f ;f]xL ldltdf ;dfKt ePsf] gfkmf gf]S;fg lx;fa tyf gub k|jfx ljj/0f ;lxtsf] n]vfkl/If0f ePsf] ljQLo ljj/0f / n]vfkl/Ifssf] k|ltj]bg :jLs[t ug]{ .

Ms. Burma presented the Audited Financial Statements including the Consolidated Financial Statements of the Company comprising of Balance Sheet as of 31st Ashad 2076, Income Statement for the Fiscal Year 2075/76, Profit & Loss Account and, Cash Flow Statement for the same period along with Auditors’ Report thereon for adoption of Shareholders. She thereafter, requested the shareholders to propose and second the Resolution as a “Special Resolution” in compliance with Article 15(b)(5) of Article of Association of the Company.


7

z]o/wgL >L k|ef sf]O/fnf, >L dlgif lk|ofb;L{sf] k|f]S;Ln] lgDg k|:tfjnfO{ ;fwf/0f k|:tfjsf] ?kdf k|:t't ug'{eof] .

Mr. Achut Sharma, Shareholder representing M/s Himal City Beverage Private Limited, seconded the same. z]o/wgL lxdfn l;l6 j]e/]h k|f=lnsf] tkm{af6 >L cr't zdf{n] pQm k|:tfjnfO{ ;dy{g ug'{ eof] . “RESOLVED THAT pursuant to Section 91(1) and other applicable provisions of the Companies Act, 2006 (2063) (including any statutory modification(s) from time to time or any re-enactment thereof for the time being in force), consent of the shareholders of the Company be and is hereby accorded for the increase of Base Salary of Managing Director by 8% from NPR 20,056,000/- (Twenty Million Fifty Six Thousand Only) to NPR 21,660,480/- (Twenty One Million Six Hundred Sixty Thousand Four Hundred Eighty Only)w.e.f 1st September, 2019.

bkmf (!-!_ / sDkgL P\]g @))^ -@)^#_sf] cGo pko'Qm k|fjwfg adf]lhd -;do ;dodf jf cGo s'g} ;dosf nflu k'g hf/L ul/Psf ;+zf]wg ;lxt_ , k|aGw ;+rfnssf] xfnsf] g]=? @),)%^,))) -b'O{ s/f]8 5kGg xhf/ dfq_ af6 g]=? @!,^^),$*) -b'O{ s/f]8 ;f]x« nfv ;f7L xhf/ rf/ ;o c:;L dfq_ ! ;]K6]Da/ @)!( b]lv * k|ltztn] j[l4 ug]{ lg0f{o ul/of] .

The resolution was then put to vote and was passed unanimously.


8.3. To Adopt the Audited Financial Statements including the Consolidated Financial Statements of the Company comprising of Balance Sheet as of 31st Ashad, 2076, Income Statement for the Fiscal Year 2075/76, Profit & Loss Account and Cash flow Statement for the same period and Auditors’ Report thereon;

*=# Plss[t ljlQo ljj/0f, @)&^ c;f/ #! ut] ;Ddsf] jf;nft, cf=j @)&%.&^ sf] cfo ljj/0f ;f]xL ldltdf ;dfKt ePsf] gfkmf gf]S;fg lx;fa tyf gub k|jfx ljj/0f ;lxtsf] n]vfkl/If0f ePsf] ljQLo ljj/0f / n]vfkl/Ifssf] k|ltj]bg :jLs[t ug]{ .

Ms. Burma presented the Audited Financial Statements including the Consolidated Financial Statements of the Company comprising of Balance Sheet as of 31st Ashad 2076, Income Statement for the Fiscal Year 2075/76, Profit & Loss Account and, Cash Flow Statement for the same period along with Auditors’ Report thereon for adoption of Shareholders. She thereafter, requested the shareholders to propose and second the Resolution as a “Special Resolution” in compliance with Article 15(b)(5) of Article of Association of the Company.


8

>L adf{n] sDkgLsf]] Plss[t ljlQo ljj/0f, c;f9 #!, @)&^ ;Ddsf] sDkgLsf] jf;nft, cf=j @)&%.&^ sf] cfo ljj/0f, ;f]xL ldltdf ;dfKt ePsf] gfkmf gf]S;fg lx;fa / gub k|jfx ljj/0f ;lxtsf] n]vfkl/If0f ul/Psf] ljlQo ljj/0f / n]vfkl/Ifssf] k|ltj]bg z]o/wgLx? Dffem k]z ug'{eof] . tt\kZrft pxfFn] sDkgLsf] lgodfjnLsf] bkmf !%-v_-%_ adf]lhd pQm k|:tfjnfO{ ljz]if k|:tfjsf] ?kdf k]z ug{ tyf ;dy{g ug{ cfu|x ug'{eof] .

Ms. Prabha Koirala, proxy of Manish Priyadarshi, proposed the following resolution as Special Resolution. z]o/wgL >L k|ef sf]O/fnf, >L dlgif lk|ofb;L{sf] k|f]S;Ln] lgDg k|:tfjnfO{ ljz]if k|:tfjsf] ?kdf k|:t't ug'{eof] . Mr. Achut Sharma, Shareholder representing M/s Himal City Beverage Private Limited, seconded the same. z]o/wgL lxdfn l;l6 j]e/]h k|f=lnsf] tkm{af6 >L cr't zdf{n] pQm k|:tfjnfO{ ;dy{g ug'{ eof] .

“RESOLVED THAT the Audited Financial Statements including the Consolidated Financial Statements comprising of Balance Sheet as of 31st Ashad 2076, Income Statement for the Fiscal Year 2075/76, Profit & Loss Account and Cash Flow Statement for the same period along with the Auditors’ Report thereon, be and is hereby received, considered and adopted by the Company."

“ Plss[t ljlQo ljj/0f, c;f9 #!, @)&^ ;Ddsf] sDkgLsf] jf;nft, cf=j @)&%.&^ sf] cfo ljj/0f,

;f]xL ldltdf ;dfKt ePsf] gfkmf gf]S;fg lx;fa / gub k|jfx ljj/0f ;lxtsf] n]vfkl/If0f ePsf] ljQLo ljj/0f / n]vfkl/Ifssf] k|ltj]bg z]o/wgLx?n] k|fKt ul/ / ;f] df ljrf/ ;d]t ul/ kfl/t

ul/of] .” The resolution was then put to vote and was passed unanimously.


8.4. To consider & approve the re-appointment of Statutory Auditor and their remuneration for Fiscal

Year 2076/77 as per Section 111 of Companies Act, 2006 (2063) and as recommended by Audit Committee;

*=$ sDkgL P]g, @)^# sf] bkmf !!! adf]lhd cfly{s jif{ @)&^.&& sf] n]vfkl/If0f ug{ n]vfkl/If0f

;ldltsf] l;kmfl/z adf]lhd n]vfkl/Ifssf] lgo'QmL ug]{ / lghsf] kfl/>lds pk/ 5nkmn u/L :jLs[t

ug]{ . Ms. Burma informed the Shareholders that on recommendation of Audit Committee, the Board of Directors of your Company had proposed the re-appointment of M/s B.K Agrawal & Co. Chartered Accountants (Firm Registration Number 02) (Mr. Bijay Kumar Agrawal, Partner) as the Statutory


9

Auditors of the Company for the Fiscal Year 2076/77 to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting, at a consolidated Statutory Audit Fee of NPR 500,000 (Five Hundred Thousands Only) (excluding out of pocket expenses) (inclusive of applicable taxes excluding VAT).

sDkgLsf] n]vf kl/Ifs ;ldltn] >L la=s] cu|jfn P08 sDkgL rf68{ PsfpG6]G6;\ -kmd{ btf{ g+ )@_ ->L la=s] cu|jfn, ;fem]bf/_ nfO{ cflys{ jif{ @)&^.&& sf nflu sDkgLsf] j}wflgs n]vfkl/Ifssf] ?kdf csf]{ jflif{s ;fwf/0f ;ef;Dd n]vf kl/If0f ug{ Plss[t n]vf z"Ns g]=? %,)),))) -kfFr nfv dfq_ -nfUg] vr{ afx]s_ -;Dk"0f{ s/ ;lxt t/ Eof6 jfx]s_ k"g: lgo'Qm ug{ l;kmfl/; u/]sf] hfgsf/L >L adf{n] z]o/wgLx?nfO{ lbg'eof] .

Ms. Burma requested the shareholders to propose and second the Resolution as a “Special Resolution” in compliance with Article 15(b)(5) of Article of Association. She also invited the shareholders to provide queries/comments/ suggestions.

>L adf{n] sDkgLsf] lgodfjnLsf] bkmf !%-v_-%_ adf]lhd pQm k|:tfjnfO{ ljz]if k|:tfjsf] ?kdf k]z ug{ tyf ;dy{g ug{ cfu|x ug'{eof] .


“RESOLVED THAT M/s B.K Agrawal & Co. Chartered Accountants (Firm Registration Number 02) (Mr. Bijay Kumar Agrawal, Partner) be and is hereby re-appointed as the Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, at a Statutory Audit Fee of NPR 500,000/- (Five Hundred Thousand Only) (including consolidation) (excluding out of pocket expenses) (inclusive of all applicable taxes, except VAT).”

æ>L la= s] cu|jfn P08 sDkgL rf68{ PsfpG6]G;\ - kmd{ /lhi6]«zg g+= @_ ->L ljho s'df/ cu|jfn,

kf6{g/_ nfO{ sDkgLsf] n]vfkl/Ifssf] ?kdf cf=j @)&^.&& sf] nflu k'g lgo'lQm ug]{ / lghsf] kfl/>lds

?= %,)),))) -kfFr nfv dfq_ -Plss[t ;lxt_ -nfUg] vr{ afx]s_ -;Dk"0f{ s/ ;lxt t/ Eof6 jfx]s_

n]vfkl/If0f z'Nssf] ?kdf k|bfg ug]{ lg0f{o ul/of] .Æ


9

Auditors of the Company for the Fiscal Year 2076/77 to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting, at a consolidated Statutory Audit Fee of NPR 500,000 (Five Hundred Thousands Only) (excluding out of pocket expenses) (inclusive of applicable taxes excluding VAT).

sDkgLsf] n]vf kl/Ifs ;ldltn] >L la=s] cu|jfn P08 sDkgL rf68{ PsfpG6]G6;\ -kmd{ btf{ g+ )@_ ->L la=s] cu|jfn, ;fem]bf/_ nfO{ cflys{ jif{ @)&^.&& sf nflu sDkgLsf] j}wflgs n]vfkl/Ifssf] ?kdf csf]{ jflif{s ;fwf/0f ;ef;Dd n]vf kl/If0f ug{ Plss[t n]vf z"Ns g]=? %,)),))) -kfFr nfv dfq_ -nfUg] vr{ afx]s_ -;Dk"0f{ s/ ;lxt t/ Eof6 jfx]s_ k"g: lgo'Qm ug{ l;kmfl/; u/]sf] hfgsf/L >L adf{n] z]o/wgLx?nfO{ lbg'eof] .

Ms. Burma requested the shareholders to propose and second the Resolution as a “Special Resolution” in compliance with Article 15(b)(5) of Article of Association. She also invited the shareholders to provide queries/comments/ suggestions.

>L adf{n] sDkgLsf] lgodfjnLsf] bkmf !%-v_-%_ adf]lhd pQm k|:tfjnfO{ ljz]if k|:tfjsf] ?kdf k]z ug{ tyf ;dy{g ug{ cfu|x ug'{eof] .


“RESOLVED THAT M/s B.K Agrawal & Co. Chartered Accountants (Firm Registration Number 02) (Mr. Bijay Kumar Agrawal, Partner) be and is hereby re-appointed as the Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, at a Statutory Audit Fee of NPR 500,000/- (Five Hundred Thousand Only) (including consolidation) (excluding out of pocket expenses) (inclusive of all applicable taxes, except VAT).”

æ>L la= s] cu|jfn P08 sDkgL rf68{ PsfpG6]G;\ - kmd{ /lhi6]«zg g+= @_ ->L ljho s'df/ cu|jfn,

kf6{g/_ nfO{ sDkgLsf] n]vfkl/Ifssf] ?kdf cf=j @)&^.&& sf] nflu k'g lgo'lQm ug]{ / lghsf] kfl/>lds

?= %,)),))) -kfFr nfv dfq_ -Plss[t ;lxt_ -nfUg] vr{ afx]s_ -;Dk"0f{ s/ ;lxt t/ Eof6 jfx]s_

n]vfkl/If0f z'Nssf] ?kdf k|bfg ug]{ lg0f{o ul/of] .Æ


10

The resolution was then put to vote and was approved unanimously.

k|:tfjdf tt\kZrft dt dfu ul/of] / ;f] ;j{;DdtLn] kfl/t ul/of] . 8.5. Miscellaneous

*=^ ljljw

There was no other agenda to be discussed.

5nkmnsf] nflu cGo s'g} k|:tfj g/x]sf] .

9. Listing of the decisions taken at 41st Annual General Meeting of the Company

(= sDkgLsf] $! cf}F jflif{s ;fwf/0f ;efdf ePsf] lg0f{osf] ljj/0f

9.1 Ordinary Resolution:

(=! ;fwf/0f k|:tfj

9.1.1 Unanimous approval of resolution passed for adoption of Directors’ Report of the Company for Fiscal Year 2075/76 (i.e. 2018-19).

(=!=! sDkgLsf] cfly{s jif{ @)&%.&^ - @)!*.!(_ sf] ;+rfnssf] k|ltjbg ;j{;DdtL4f/f kfl/t ul/of] .

9.1.2 Unanimous approval of resolution passed for increment of Base Salary of Managing Director by 8% from NPR 20,056,000/- (Twenty Million Fifty Six Thousand Only) to NPR 21,660,480/- (Twenty One Million Six Hundred Sixty Thousand Four Hundred Eighty Only) w.e.f 1st September, 2019.

(=!=@ k|aGw ;+rfnssf] xfnsf] g]=? @),)%^,))) -b'O{ s/f]8 5kGg xhf/ dfq_ af6 g]=? @!,^^),$*) -b'O{ s/f]8 ;f]x« nfv ;f7L xhf/ rf/ ;o c:;L dfq_ ! ;]K6]Da/ @)!( b]lv * k|ltztn] j[l4 ug{ ;j{;DdtL4f/f kfl/t ul/of] .

9.2 Special Resolution:

(=@ ljz]if k|:tfj

9.2.1 Unanimous approval of resolution passed for adoption of the Audited Financial Statements including the Consolidated Financial Statements comprising of Balance Sheet as of 31st Ashad, 2076, Income Statement for the Fiscal Year 2075/76, Profit & Loss Account and Cash Flow Statement for the same period along with the Auditors’ Report.


11

(=@=! Plss[t ljlQo ljj/0f, c;f9 #!, @)&^ ;Ddsf] sDkgLsf] jf;nft, cf=j @)&%.&^ sf] cfo ljj/0f, ;f]xL ldltdf ;dfKt ePsf] gfkmf gf]S;fg lx;fa / gub k|jfx ljj/0f ;lxtsf] n]vfkl/If0f ePsf] ljQLo ljj/0f / n]vfkl/Ifssf] k|ltj]bg ;j{;DdtL4f/f kfl/t ul/of] .

9.2.2 Unanimous approval of resolution passed for re-appointment of M/s B.K Agrawal & Co. Chartered Accountants (Firm Registration Number 02) (Mr. Bijay Kumar Agrawal, Partner) as Statutory Auditors of the Company for the Fiscal Year 2075/76 to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting with the remuneration of NPR 500,000/- (Five Hundred Thousand Only) (including consolidation) (excluding out of pocket expenses) (inclusive of all applicable taxes, excluding to VAT).

(=@=@ >L la= s] cu|jfn P08 sDkgL rf68{ PsfpG6]G;\ - kmd{ /lhi6]«zg g+= @_ ->L ljho s'df/ cu|jfn,

kf6{g/_ nfO{ sDkgLsf] n]vfkl/Ifssf] ?kdf cf=j @)&^.&& sf] nflu k'g lgo'lQm ug]{ / lghsf]

kfl/>lds ?= %,)),))) -kfFr nfv dfq_ -Plss[t ;lxt_ -nfUg] vr{ afx]s_ -;Dk"0f{ s/ ;lxt t/

Eof6 jfx]s_ n]vfkl/If0f z'Nssf] ?kdf k|bfg ug{ ;j{;DdtL4f/f kfl/t ul/of] .

9.3 Meeting recorded that Minutes of the Meeting will be signed by the Chairperson & Company Secretary.

(=# o; ;fwf/0f ;efsf] lg0f{osf] dfOGo"6 cWoIf tyf sDkgL ;lrj4f/f x:tfIf/ ul/g]5 .

10. Vote of thanks & Closure of Meeting

!)= wGojfb tyf a}7ssf] ;dfkg

Since there were no other agenda to be discussed, the Meeting concluded with a vote of thanks to the Chair.

;efdf cGo s'g} k|:tfj gePsf]n] cWoIfn] wGojfb lbFb} ;ef lj;{hg eof] .

--------------------------------- -----------------------------------

Shukla Wassan Pratima Burma z'Snf jf;g k|tLdf adf{ Chairperson Company Secretary cWoIf sDkgL ;lrj Date: Date: ldlt M ldlt M

3rd Dec, 201917th mangsir, 2076

3rd Dec,2019@)&^/)*/!&

minutes€¦ · fiscal year 2018/19 (2075/076 b.s) was held under the chairpersonship of ms. shukla...

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