NCHL Concludes 15th AGM; Approves 15.789474% Dividend
Summary
Nepal Clearing House Limited (NCHL) has approved a 15% bonus share and 0.789474% cash dividend at its 15th AGM, lifting paid-up capital to Rs. 1.68 billion. The company also reported higher transaction volumes and revenue growth, while net profit slipped 2% in the fiscal year 2082/83.
Key Points
- NCHL approved audited financials, a 15% bonus share, and a 0.789474% cash dividend for tax purposes at its 15th AGM.
- After the bonus issue, the company’s paid-up capital will rise to Rs. 1.68 billion.
- NCHL processed 238.12 million transactions worth more than Rs. 21.02 trillion in FY 2082/83, with both volume and value up over 13%.
- The AGM also approved plans to establish a technology and software-focused subsidiary or associate company for banking and payment innovation.
