Nepal Clearing House Ltd. Concludes 13th Annual General Meeting, Approves Bonus Share and Dividend
Mon, Jan 13, 2025 10:42 AM on Latest, AGM/Special AGM, Corporate,
Nepal Clearing House Ltd. (NCHL) held its 13th Annual General Meeting on January 12, 2025, approving the audited financials for the fiscal year 2080/81.
The AGM approved a 19% bonus share issuance and a 1% cash dividend for tax purposes, increasing the paid-up capital to NRs. 1,268,270,900.
The authorized capital will rise to NRs. 2.25 billion, aimed at supporting investments in national payment systems, risk management, and infrastructure. NCHL's net profit grew by 6.2%, driven by a 54% rise in transaction volume, totaling 126 million transactions worth NRs. 15.6 trillion.
The AGM also re-elected three members to the Board of Directors: Mr. Ujjwal Rajbhandari, Mr. Mahesh Sharma Dhakal, and Mr. Srijan Krishna Malla. NCHL operates various payment systems, including NCHL-ECC, NCHL-IPS, and NEPALPAY QR, with over 53 direct members and 100+ indirect members.
