Kathmandu. Laxmi Sunrise Capital Limited has concluded its 15th Annual General Meeting (AGM) at Laxmi Complex, Hattisar, Kathmandu on Friday. Among the general proposals presented in the AGM, the meeting passed the proposal related to the annual report of the fiscal year 2081/082, balance sheet of the same period, profit and loss account and cash flow statement.
The meeting also approved the decision to continue the existing auditor NBSM & Associates in connection with the appointment of auditor for the fiscal year 2082/083 BS. The meeting also approved a proposal of distributing cash dividend of 15.79 percent of the paid-up capital (including tax) to its shareholders out of 17.83 percent of the distributable income.
The company has been playing a pivotal role in the development of Nepal’s securities market for more than three decades by initiating the Merchant Banking and Mutual Investment Funds for the first time in the history of Nepalese capital market.
The company has been operating 5 closed-oriented mutual funds and 1 open-ended mutual fund with a net worth of around Rs 6 billion, all six mutual funds have been able to distribute double digit returns from the profit of FY 2081/082. Also, Laxmi Sustainable Energy Fund with a capital of one billion under a specialized investment fund aims to invest in sustainable energy sector.
Laxmi Sunrise Capital Limited is the first company in Nepal to sign the Operating Principles for Impact Management (Impact Principles). It is a global organization whose philosophy is to make investing transparent, disciplined and credible, with social and environmental impact. This membership reflects Laxmi Sunrise Capital Limited’s commitment towards sustainable and responsible investing.
