The AGM was chaired by Chairman Ramchandra Joshi, who presented the annual report of the institution. The national-level financial institution provides microfinance services to 440,307 women members across 197 branches in 69 districts, operating through its central office in Mid-Baneshwor, Kathmandu. For FY 2081/82, the institution recorded a net profit of Rs 121.54 crore 25,240.37 paisa.
Shareholders approved a total dividend of 25%, comprising 12.5% cash dividend and 12.5% bonus shares from the earned profit. The AGM also approved a proposal to increase the current paid-up capital from Rs 321.53 crore 45,868 to Rs 361.72 crore 64,101.50.
During the AGM, CEO Deepak Nidhi Tiwari shared remarks on the institution’s current performance and future plans. Additionally, Prakash Raj Bista was unopposedly elected as a director for a four-year term, representing public shareholders.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
