NIC Asia Capital holds fifth AGM

NIC Asia Capital organised its fifth annual general meeting at its registered office in Thapathali on August 29. The AGM has endorsed the report prepared by the Board of Directors for fiscal year 2077/78. The meeting also passed the financial statement of the company for the last fiscal year. The AGM also endorsed the decision made by the Board of Directors to distribute Rs 96 million as cash dividend. On the occasion, Chairperson Kapil Dhakal said that the company had been able to grab the number one position in terms of number of depositors within five years of its establishment. He also informed the company stood second in terms of mutual funds and also investment management.