Kathmandu – Himalayan Securities Ltd. successfully convened its 5th Annual General Meeting (AGM) at its registered office in Kamaladi, Ward No. 28, Kathmandu Metropolitan City. Key decisions were made, shaping the future direction of the brokerage firm.
During the AGM, shareholders engaged in comprehensive discussions regarding the company’s financial performance for the fiscal year 2081/82. The board of directors’ report and the annual financial statements, including the balance sheet, profit and loss statement, and cash flow statement, were meticulously reviewed and subsequently approved.
A major highlight of the meeting was the approval of the board’s proposed dividend distribution. Shareholders voted in favor of distributing an 8 percent cash dividend (inclusive of taxes) from the paid-up capital. This decision underscores the company’s commitment to delivering value to its investors and solidifying its position within the stock market.
Furthermore, the AGM addressed the appointment of an auditor for the fiscal year 2082/83. In accordance with Section 111 of the Company Act, 2063, M.B. Shrestha & Company, Chartered Accountants, was appointed as the independent auditor. This ensures transparency and accountability in the company’s financial reporting.
Mr. Sushil Joshi, Chairman of the Board of Directors, addressed the assembly, emphasizing the remarkable achievements of Himalayan Securities within a short span of time. He highlighted the company’s dedication to compliance, corporate governance, and the adoption of cutting-edge technology. Mr. Joshi reiterated the company’s primary goal of providing accessible and affordable securities brokerage services, ultimately aiming to establish Himalayan Securities as a leading player in the Nepalese capital market. This focus on customer service and market innovation is key to their business strategy.
