Machhapuchchhre Capital concludes 6th AGM, approves 5 pc cash dividend

KATHMANDU: Machhapuchchhre Capital’s sixth annual general meeting (AGM) concluded in Kathmandu on Friday, under the chairmanship of Bishwambhar Neupane.

At the AGM, the company’s Chief Executive Officer, Upendra Malakar, delivered a welcome address, presenting a detailed account of the past year’s achievements, the challenges faced and future plans. Malakar described the meeting as another significant milestone for the company and stated that it is committed to increasing shareholder value in its sector in the near future.

Notable proposals passed at the meeting included the annual report of the board of directors, the financial statements with the auditor’s report for fiscal year 2024/25, the appointment of an auditor for fiscal year 2025/26, the distribution of cash dividends and the election of a director.

From the founder group of shareholders, Dip Prakash Panday, CEO of Shikhar Insurance Co, was unanimously re-elected to the board. The board also approved a proposal to distribute a cash dividend of 5% of the paid-up capital, equivalent to Rs 14,316,975.

At the conclusion of the AGM, Neupane expressed his sincere gratitude to shareholders, Machhapuchchhre Bank, regulatory bodies, auditors, customers, legal experts, media personnel, partner organisations, employees and staff of Machhapuchchhre. He expressed confidence that with the guidance and cooperation of all parties the company will emerge stronger and more capable in the future.