CIT 31st AGM approves 13 pc dividend for FY 2024/25

KATHMANDU: The 31st annual general meeting (AGM) of the Citizen Investment Trust (CIT) recently concluded under the chairmanship of Tulashi Prasad Ghimire. Shareholders approved a proposal to distribute a 13% dividend for the fiscal year 2024/25.

The AGM approved 5% bonus shares and an 8% cash dividend allocated from the income distribution account, the trust said. The report of the board of directors for fiscal year 2024/25 was discussed and passed, along with the balance sheet, profit and loss account and cash flow statement as of July 16, 2025, including the auditor’s report.

According to details presented at the AGM, CIT’s net fund balance reached Rs 296.89 billion as of October 17 of the fiscal year 2025/26.

Chairman Ghimire said the trust plans to promote the Citizen Pension Scheme to include self‑employed individuals and those in foreign employment who are not yet covered by CIT’s programmes, and that CIT will expand the scope of savings collection in the coming days.

He also emphasised increasing investment in projects prioritised by the Government of Nepal, expanding participant loans provided to contributors, offering share‑pledge loans, and raising investment in suitable infrastructure projects after conducting risk analysis.

Executive Director Parbat Kumar Karki addressed queries raised by shareholders and briefed the assembly on the current status of CIT, pledging to follow up on the suggestions and concerns raised.

Karki said CIT has succeeded in holding the AGM within the timeframe prescribed by the Citizen Investment Trust Act and noted that the trust is operating in line with the digital era. He warned that excess liquidity is making it challenging to fully mobilise CIT’s balance amount.

He added that CIT has made policy arrangements for investment diversification, initiated the process to amend the Citizen Investment Trust Act, advanced investments in various hydropower projects, and is preparing to expand credit in productive sectors.

Narayan Prasad Ghimire was elected unopposed to the board of directors representing public shareholders.