NIC Asia Capital Approves 50% Cash Dividend at 10th AGM

NIC Asia Capital Limited has concluded it's 10 AGM and approved a 50% cash dividend (including taxes) on its paid-up capital held on Friday. The AGM was held at the company’s registered office in Thapathali, Kathmandu.

The company approved the board’s report and the annual financial statements for FY 2082/83. The paid-up capital of the company is Rs. 20 crores and reported an income of more than Rs. 28.98 crores and net profit of over Rs. 10.51 crores during the review year.

As of Ashadh end 2083, the company had opened more than 863,000 Demat accounts. It manages over Rs. 7 arba through six mutual fund schemes four closed-ended and two open-ended and more than Rs. 3 arba for 710 clients through its portfolio management service.

The company currently provides share registrar services to 24 companies and has completed issue-related work for 25 companies under its issue management services.

Including the dividend approved at the latest AGM, NIC Asia Capital said it has distributed a total return of 340% to its shareholders to date.