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Laxmi Sunrise Capital Approves Rs 5.38 Crore Cash Dividend

Kathmandu. The 16th Annual General Meeting of Laxmi Sunrise Capital Limited has approved a proposal to distribute a cash dividend of Rs 5.38 crore at the rate of 11 percent of the paid-up capital to the shareholders. The AGM of the company held at Laxmi Complex, Hattisar, Kathmandu on Thursday, October 12 approved the proposal regarding the distribution of dividend with tax.

The meeting also passed a resolution regarding the annual report for the financial year 2082/83, balance sheet, profit and loss account and cash flow statement. Similarly, it has been decided to continue the current auditor NBSM & Associates for the audit of the financial year 2083/84. According to the company, the earnings per share is Rs 12.66 per share as of the financial year 2082/83. The meeting has approved a proposal to provide 11 percent cash dividend to the shareholders from the distributable income.TAG_OPEN_div_10

Laxmi Sunrise Capital, which has been active in Nepal’s capital market for more than three decades, has been contributing to the development, expansion and institutional strengthening of Nepal’s securities market through the services of merchant banking and collective investment funds. The company operates six closed-oriented mutual funds and one open-ended mutual fund worth about Rs 6 billion. In addition, it has been investing in the sustainable energy sector through Laxmi Sustainable Energy Fund with a capital of Rs 1 billion.TAG_OPEN_div_8

Laxmi Sunrise Capital is the first company in Nepal to sign the Impact Principles for Impact Management (Impact Principles). The global initiative aims to make the investment process transparent, disciplined and credible, taking into account the social and environmental impacts. This membership reflects the company’s commitment to sustainable and responsible investing.TAG_OPEN_div_6

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