Kathmandu. The 9th Annual General Meeting (AGM) of NIC Asia Capital Limited was held at the Registered Office of NIC Asia Capital, Thapathali, Kathmandu on Wednesday. Under the general proposal, the meeting approved the report of the Board of Directors for the fiscal year 2081/82 bs and the annual financial statements including balance sheet, profit loss account and cash flow statement up to mid-2082 Ashadh.
The meeting also passed a proposal to distribute cash dividend at the rate of 50 percent (including tax) of the paid-up capital as proposed by the Board of Directors.
Chairman of the Board of Directors Santosh Kumar Rathi informed that Capital, which has a paid-up capital of Rs 200 million, has earned a net profit of more than Rs 116.4 million by earning more than Rs 306 million in the review period.
Similarly, it has been able to open 800,000 demat accounts till mid-Ashadh, 2082, manage more than Rs 5.45 billion through five schemes including four closed-ended and one open-ended scheme under mutual fund service.
Under the Investment Management Service, it managed to manage more than Rs. 2.7 billion from 720 customers. According to him, 23 companies are being provided services under the Share Registrar Service and 17 companies have already been issued under the “IDEA to IPO” service.
In addition, Capital has so far been able to distribute 290 percent returns to its shareholders, including dividends proposed in the 9th Annual General Meeting.
