INTRODUCTION
According to the decision of the Board of Directors meeting of Nepal Warehousing Company Limited (NWCL), the company has proposed to issue right shares in the ratio of 1:1 or 100% right shares.
The meeting of the board of directors held on Ashwin 14 has decided to issue the 100% right shares on the paid-up capital of Rs. 68.75 Crore to invest in its hydropower projects. Hence, after the issue of 6,875,000 units of right shares, the paid-up capital of the company will increase to Rs. 1.37 Arba.
It is important to note that the issuance of these rights shares is contingent upon receiving approvals following the endorsement at the company’s upcoming Annual General Meeting (AGM).
NWCL closed at Rs. 890.00 yesterday .
ABOUT THE COMPANY
Nepal Warehousing Company Ltd was created under Nepal’s Company Act, 2063 to meet the storage needs of farmers, traders, millers, and businessmen involved in the grain trade. These people often face problems like losing their harvest after it’s gathered, a drop in the quality of their grains, and difficulties in storing them for a long time in good condition.
To solve this, the Nepal Warehousing Company Ltd (NWCL) has built high-quality silos with a total capacity of 55,000 MT in three provinces: Province 1, Province 2, and Lumbini Province. These silos help keep the grains in good quality for a long time. NWCL also provides services like grain storage, auctions, bulk transportation, warehouse financing, and ensuring the quantity and quality of the grains. The company also offers insurance against risks and helps with bank financing. This storage system is expected to help grow industries like grain mills and feed mills, as these areas have a lot of grain production. Right now, the company mainly stores maize, soybeans, and wheat, which are used in feed mills. In the future, NWCL plans to store rice, and build cold storage for vegetables, fruits, and other perishable agricultural products.
Mission:
- Help the government create auction markets for grains, vegetables, and fruits.
- Help farmers get fair prices for their products.
- Protect clients from natural or man-made disasters while their products are stored.
- Help banks and financial institutions provide loans for agriculture by using warehouse receipts.
- Work with various players in the agriculture business.
Vision:
- Become a leading warehousing company in Nepal for all types of agricultural products.
- Support farmers and aggregators by solving their storage problems until they can sell their products at good prices.
- Provide top-quality services to all stakeholders involved with the company.
Objectives:
- Offer a variety of services at the warehousing locations.
- Help make agriculture more commercial.
- Understand each client’s needs and give them helpful advice.
- Ensure fair prices for buyers and sellers in the auction process.
- Provide bulk transportation services, both physically and virtually, for clients who need their products delivered to their destination.
MAJOR INDICATOR HIGHLIGHT
SOURCE: CHUKUL
NETWORTH
NET PROFIT
EPS
TOTAL INCOME
