Property Wizard Concludes 3rd AGM; Financial Highlights Published

Property Wizard Limited successfully concluded its Third Annual General Meeting (AGM) on Wednesday, Poush 30, 2082 at Aranya Boutique Hotel, Hattisar, Naxal, Kathmandu.

The meeting was held in accordance with the decision of the company’s Board of Directors and was attended by shareholders and company representatives.

During the AGM, shareholders approved the Annual Report for FY 2081/82, including detailed discussions on the company’s financial performance, profit and loss account, balance sheet, and cash flow statement for the review period.

The meeting also endorsed a proposal to distribute cash dividend at the rate of 15.7895 percent, amounting to Rs. 3,15,75,000 including applicable tax, from the company’s paid-up capital of Rs. 20 crore.

In addition, the AGM approved the appointment of an auditor for FY 2082/83 and finalized their remuneration. A special proposal related to borrowing loans exceeding the paid-up capital limit was also discussed and passed.

For the purpose of the AGM, the company had closed its shareholders’ register and share transfer book for one day on Poush 26, 2082, making shareholders registered up to Poush 25, 2082, eligible to participate in the meeting.

With the approval of all listed agendas, Property Wizard Limited formally concluded its Third Annual General Meeting.

Property Wizard Limited reported notable growth in its financial position in FY 2081/82 compared to the previous year. The company’s total assets increased by 46.82 percent to Rs. 47.96 crore. Income from brokerage and DP services surged by 136.25 percent, supported by higher market activity, although other income declined. Despite a rise in operating and employee expenses, the company recorded a significant turnaround, posting a net profit of Rs. 3.89 crore, marking a sharp increase of 243.55 percent year-on-year, reflecting improved operational efficiency and earnings strength.