Professional Holdings Limited to Issue 50% Bonus Shares, Prepares for IPO Issue

Professional Holdings Limited successfully held its 20th Annual General Meeting in Kathmandu with the participation of over 82% shareholders. The meeting approved the annual financial statements for FY 2081/82 along with the auditor’s and board reports.

The AGM appointed NBSM and Associates as auditors for FY 2082/83 and approved a 50% bonus share distribution along with 2.63% cash dividend for tax purposes. It also endorsed an increase in paid-up capital and amendments to the company’s memorandum of association.

A key decision of the meeting was to proceed with issuing shares to the general public (IPO), granting full authority to the board for necessary legal and administrative procedures. The meeting also approved CSR-related expenditures and other general proposals.

Additionally, its subsidiary Uniglobe Higher Secondary School announced a 5% bonus share and 0.26% cash dividend. The company expressed appreciation to Nepal Life Insurance Company Limited for its leadership and governance support.