NIC Asia Capital Holds 8th Annual General Meeting, Approves 52.53% Cash Dividend

NIC Asia Capital Limited held its 8th Annual General Meeting on 11th Bhadra 2081 at its Registered Office in Thapathali, Kathmandu.

During the meeting, the board's report for the financial year 2080/081 was approved, along with the annual financial statement, including the balance sheet, profit and loss account, and cash flow statement. The board also proposed and passed a cash dividend of 52.53% of the paid-up capital.

The Chairman, Mr. Santosh Kumar Rathi, highlighted that the company, with a paid-up capital of Rs. 20 crores, earned over Rs. 30 crores in revenue and a net profit of more than Rs. 12.16 crores during the review period.

The company opened 7,39,868 demat accounts, managed six mutual fund schemes, and oversaw Rs. 2.11 Arba from 704 clients under investment management services.

Additionally, NIC Asia Capital provided share registrar services to 24 companies, issued shares for 17 companies under the "IDEA to IPO" service, and delivered a 240% return to its shareholders, including the proposed dividend.