Kathmandu. The second annual general meeting of Trust Equity Ventures Pvt. Ltd. has been concluded.

The AGM held at Best Western Plus Hotel, Buddhanagar, Kathmandu on Friday unanimously endorsed the annual report, audit report, financial statements and various proposals presented by the Board of Directors.

According to the company’s chairman Binod Kumar Shah, the company has been able to distribute 10 percent cash dividend including tax to the shareholders in the second year of operation. He said that the target is to increase the dividend rate in the coming year.

The company is currently investing in real estate, stock market and various long-term projects. Chairman Shah said that in the coming days, along with investment expansion, good governance and strategic planning will be given priority.

On the occasion, it was announced that Rs 101,111 would be donated to the Prime Minister’s Relief Fund for those affected by the recent floods in Bhotekoshi of Rasuwa.

Director Tek Raj Regmi said that the goal is to make a model organization by connecting eminent people from all over the country with the company. He said that in the future, there is a plan to establish his own hire purchase and hydropower company and make major investments in these areas.