Shimoga, November 28, 2020: The Annual General Body Meeting of the Streebandhu Multipurpose Souharda Co-operative Ltd was held on 28 November 2020 in Chaitanya, Alkola Circle, Sagar Road, Shimoga through Zoom Meeting. The AGM was presided over by Mrs Precilla Martis, the president of the Streebandhu Multipurpose Souharda Co-operative Ltd. 191 members were physically present in the two auditoriums while 351 logged-in at the start of the meeting. The required quorum for the meeting was 433 members. Since there was the required quorum Mrs Precilla Martis, the president of Streebandhu declared the meeting legal.
Mrs Gloria Jyothi Furtado, director of the Streebandhu welcomed the President and the gathering. Rev. Fr Clifford Roshan Pinto, the Chief Executive Officer of the Streebandhu presented the annual reports of 2019-20, audited statement of accounts of 2019-20 and the proposed annual budget for 2020-21 for approval. The proceedings of the meetings were unanimously approved and duly recorded. The highlight of the report is the net annual profit during the financial year 2019-20 which is Rs 87,74,636.95
The AGM appreciated the progress the Streebandhu has made over the years. The members were overwhelmed to receive the good news that the AGM has approved 9% dividend this year for all the shareholders.
In her presidential address Mrs Precilla Martis appreciated the cooperation of all the members of Streebandhu Cooperative and urged them to work for the progress of Streebandhu with much more commitment. The AGM ended with a vote of thanks proposed by Mrs Lilly Lopes, the Vice-president of the Streebandhu. In his concluding remarks Rev. Fr Clifford Roshan Pinto, the Chief Executive Officer of the Streebandhu thanked each and every members for their overwhelming support and noted that even during the difficult times of the Covid-19 pandemic the Streebandhu is making a steady progress.
