Chhimek Laghubitta Concludes its 22nd AGM; Endorses Proposal of 15% Dividend to Shareholders

Chhimek Laghubitta Bittiya Sanstha Limited conducted its 22nd Annual General Meeting on Sunday, Poush 29, 2080, at Hotel Shangrila in Pokhara. Mr. Ram Chandra Joshi, Chairman of the company, presided over the meeting. 

During the fiscal year 2079/80, the company achieved a remarkable profit of Rs.1.02 Arba and provided a 15% dividend to shareholders, comprising a 10% cash dividend and a 5% bonus share. The meeting also approved a decision to increase the paid-up capital from Rs. 2.83 Arba to Rs. 2.97 Arba.

Mr. Chola Raj Sharma, the Chief Executive Officer, provided insights into the current status and future plans of the institution during the meeting. The company, with its central office in Vanasthali, Kathmandu, currently operates in 69 districts, serving 419,819 female members through 197 branches.