Digital payment service provider eSewa has approved a total dividend of 112.11 percent for its shareholders, comprising both cash and bonus shares, through its 13th Annual General Meeting.
Payment service provider company eSewa, which is preparing to issue an Initial Public Offering (IPO), has approved a proposal to distribute a total dividend of 112.11 percent to its shareholders. The decision was unanimously endorsed by the company’s 13th Annual General Meeting (AGM).
The approved dividend will be distributed from the net profit and reserve fund of the previous fiscal year. As per the decision, eSewa will provide 80.53 percent cash dividend and 31.58 percent bonus shares, based on the paid-up capital. Accordingly, shareholders will receive approximately Rs 30 crore 60 lakh in cash dividend, including tax purposes, along with bonus shares worth around Rs 12 crore.
The AGM was held with 100 percent participation of shareholders and was chaired by Board Chairman Parshuram Kunwar Kshetri. The meeting also approved the annual report, balance sheet, auditor’s report, and other financial statements of the previous fiscal year.
During the meeting, Subash Sharma and Saugat KC were re-elected as members of the board of directors. The AGM also decided to appoint PKF TR Upadhyay & Company as the auditor for the current fiscal year.
Addressing the AGM, Chairman Kshetri stated that the company’s financial position remains strong and noted that eSewa will focus on further improvement and expansion in the coming days. Chief Executive Officer Jagdish Khadka added that the company is moving forward with a long-term strategic roadmap, with strong emphasis on risk management.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
