Earlier, the paid-up capital of the company was Rs 50 million. Now that the company is required to add Rs 3.96 capital on behalf of the government, the paid-up capital will increase to Rs 4.01 billion.
Bishal Bazaar Company is established at Newroad, one of the prominent locations in the capital. During its time of establishment, the land which was provided by the government was not calculated in the valuation of the company. However, after the courts' order, the company requires adding the valuation of the land in the capital of the company causing a significant change in the share structure. After this, the majority share ownership is with Ministry of Finance.
Previously, the company was controlled as in possession by its BOD. When the BOD refused to hand over the share ownership of the company to the government in the exchange of the land, a legal petition was filed in the court.
The share trading of Bishal Bazaar has been halted in Nepal Stock Exchange (NEPSE) since long due to an investigation of Commission for the Investigation of Abuse of Authority (CIAA) on the irregularities of the company.
Currently, the company has announced of conducting its 34th annual general meeting (AGM) on August 16. As per the notice issued by the company, the AGM is supposed to endorse a proposal regarding share structure change and financial report of the company.
According to the third quarter report of 2072/73 of the company, it earned Rs 55.3 million net profit and had EPS of Rs 110.