sDkgL P]g, @)^# cGtu{t ;+:yflkt / aLdf P]g, @)$( adf]lhdsf] sfd sf/f]jf/ ug]{

g]kfn k'gaL{df sDkgL lnld6]8

Nepal Re-Insurance Co. Ltd.
k|wfg sfof{no M yfkfynL, sf7df08f}, g]kfn
kmf]g g+M ±(&&–!–$@!*$%* km\ofS; g+M ±(&&–!–$!)!%(#
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jf:tljs ckl/is[t k|If]lkt
ljj/0f cf=j= cf=j= cf=j= *cf=j= cf=j= cf=j= cf=j=
@)&@÷)&# @)&#÷)&$ @)&$÷)&% @)&%÷)&^ @)&^÷)&& @)&&÷)&* @)&*÷)&(
k|lt z]o/ g]6jy{ -?=_ 125.33 139.15 141.45 149.56 153.58 153.98 155.57
k|lt z]o/ cfDbfgL -?=_ 8.53 13.37 14.04 14.02 11.95 12.47 13.68
;+lrt gfkmf -?=xhf/df_ 3,33,092 6,21,020 10,76,457 16,11,836 18,82,401 14,39,297 11,14,769
*Joj:yfkgaf6 k|dfl0ft ckl/is[t ljlQo ljj/0f
k'gaL{df sDkgLsf] s'n hf/L kF"hL ?=!) ca{sf] !^ k|ltztn] x'g cfpg] kF"hL ?= !,^),)),)),)))÷– -cIf]/kL Ps cj{ ;f7L
s/f]8 ?k}+of dfq_ /sd a/fa/ k|lt z]o/ ?=!)) clÍt b/sf !,^),)),))) lsQf ;fwf/0f z]o/ dWo] &#,%)) lsQf z]o/
sDf{rf/Lx?nfO{ ;'/lIft ul/Psf] / *,)),))) lsQf z]o/ -% k|ltzt_ ;fd'lxs nufgL sf]ifsf] nflu 5'6\ofOPsf]] / afFsL /xg]
!,%!,@^,%)) lsQf ;fwf/0f z]o/x?sf] ;fj{hlgs lgisfzg ug{sf] nflu of] ljj/0f kq k|sflzt ul/Psf] xf] .
b/vf:t ;fy k|lt ;fwf/0f z]o/ ?=!))÷— sf b/n] ztk|ltzt e'QmfgL dfu ul/Psf] .
nufgLdf x'g] hf]lvd ;DaGwL pb\3f]if0f M
lwtf]kqdf ul/g] nufgLdf hf]lvd x'g] ePsf]n] To:tf] hf]lvdsf] d"NofÍg ug]{ k|d'v bfloTj nufgLstf{ :jodsf] x'g]5 /
lwtf]kqsf] lgisfzg d"Non] ;"rLs/0f kZrft lwtf]kq ahf/df x'g] sf/f]jf/ d"No ghgfpg] x+Fbf o; ljj/0fkqsf] bkmf * df
pNn]lvt hf]lvdx? ;d]tsf] cWoog u/]/ dfq nufgL ;DaGwL lg0f{o lng ;'emfj ul/G5 .
lgodg lgsfosf] hjfkmb]lxtf g/xg] pb\3f]if0f M
o; ljj/0fkqdf pNn]lvt lwtf]kq ;fj{hlgs lgisfzgsf nflu tof/ ul/Psf] o; ljj/0fkqnfO{ lwtf]kq ;DaGwL sfg"g
adf]lhd g]kfn lwtf]kq af]8{, sDkgL /lhi6«f/sf] sfof{no jf ;Da¢ cGo lgodg lgsfon] ljj/0fkqdf pNn]lvt s'/fsf]
;Totf jf lgisfzgstf{ jf kl/of]hgfsf] cfly{s ;Ifdtfsf] af/]df s'g} k|sf/sf] k|Tofe"t u/]sf] jf lhDd]jf/L lnPsf] dflgg]
5}g .
qm]l86 /]l6Ë ;DaGwL ljj/0f M
o; æk|fylds z]o/ lgisfzg ;DaGwL Joj:yf tyf ljj/0fx?Æ cg';f/ lgisfzg ul/g] ;fwf/0f z]o/sf] nflu æqm]l86 /]l6Ë
lgodfjnL, @)^*Æ sf] lgod # df ePsf] Joj:yf adf]lhd g]kfn lwtf]kq af]8{af6 cg'dlt k|fKt qm]l86 /]l6Ë ;+:yf O{qmf
g]kfn ln=, l8NnLahf/, sf7df08f}+af6 qm]l86 /]l6Ë u/fO{ æO{qmf Pglk cfO{lkcf] u]|8 @Æ k|df0fkq k|fKt u/]sf] 5 . æO{qmf Pglk
cfO{lkcf] u|]8 @Æ n] cf};t cfwf/x? eGbf dfly (Above Average Fundamentals) hgfpFb5 . Oqmf g]kfnn] ! b]lv %
KjfOG6 u|]l8Ë k|bfg ub{5 . h;df u|]8 ! n] alnof cfwf/ hgfpF5 eg] u|]8 % n] sdhf]/ cfwf/x? hgfpF5 . u|]8 @, # / $
df k|of]u ul/g]+ (Plus) lrGxn] o; ;d"xsf t'ngfTds ;sf/fTds l:yltnfO{ hgfpF5 .
qm]l86 /]l6Ë u|]8 k|bfg u/]sf] ldlt M @)&^÷)#÷)$ ut] .
qm]l86 /]l6Ë u|]8 afxfn /xg] ldlt M @)&&÷)#÷)# ut] .
g]kfn lwtf]kq af]8{af6 ljj/0fkq :jLs[t ePsf] ldlt M @)&^÷!!÷)$ ut] .
sDkgL /lhi6«f/sf] sfof{nodf ljj/0fkq btf{ ePsf] ldlt M@)&^÷!!÷!^ ut] .
k|fylds z]o/ lgisfzg v'Nnf x'g] ldlt M @)&^÷!@÷)$ ut] .
k|fylds z]o/ lgisfzg aGb x'g] ldlt (l56f]df) M @)&^÷!@÷)& ut] . -a}+lsª ;do kZrft\ ._
k|fylds z]o/ lgisfzg aGb x'g] ldlt (l9nf]df) M @)&^÷!@÷!* ut] . -a}+lsª ;do kZrft\ ._
lwtf]kq lgisfzg tyf laqmL k|aGws
cf/ljlj dr]{06 a}+lsË lnld6]8
6]s', sf7df08f} .
kmf]g g+= M )!-$@$#@^%, )!-$@$)(#@ , )!-$@$)(##
km\ofS; M )!-$@$%)!*
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 v != ljj/0fkqdf k|of]u ePsf k|fljlws tyf cGo zAbfjnLsf] kl/efiff M
-s_ æljj/0fkqÆ eGgfn] ;fj{hlgs ?kdf z]o/ lgisfzg ug{ lwtf]kq ;DaGwL P]g, @)^# sf] bkmf #) tyf sDkgL P]g,
@)^# sf] bkmf @# cGtu{t tof/ kf/L k|sflzt lgisfzg sDkgLsf] ;Gbe{df nufgLstf{x?nfO{ hfgsf/L lbgsf] nflu
tof/ ul/Psf]] k|:t't k'l:tsfnfO{ ;Demg' kb{5 .

-v_ ælwtf]kq lgisfzg tyf laqmL k|aGwsÆ eGgfn] cf/ljlj dr]{G6 a}+lsË ln=, 6]s', sf7df08f}+nfO{ ;Demg' kb{5 .

-u_ æk'gaL{df sDkgL÷;+ul7t ;+:yfÆ eGgfn] lgisfzgstf{ sDkgL g]kfn k'gaL{df sDkgL lnld6]8, yfkfynL, sf7df08f}+nfO{
;Demg' kb{5 .

-3_ æ;+sng s]Gb|Æ eGgfn] eGgfn] g]kfn lwtf]kq af]8{af6 :jLs[lt k|fKt u/]sf l;–cf:jf (C-ASBA) ;b:o a}+s tyf ljQLo
;+:yfnfO{ jf ;fj{hlgs lgisfzgsf] nflu tof/ ul/Psf] ljj/0fkq / b/vf:t kmf/d k|fKt ug{ ;lsg] tyf b/vf:t
kmf/dsf ;fy /sd a'emfpg ;lsg] u/L tf]lsPsf ;+:yfnfO{ ;Demg' kb{5 .

-ª_ ælgisfzg a}+sÆ eGgfn] lgisfzg tyf laqmL k|aGws ;Fu ;Demf}tf u/L lwtf]kq lgisfzgsf qmddf cfj]bsaf6 k|fKt
x'g] /sd hDdf ug{ lhDd]jf/L lng] jfl0fHo a}+s tyf /fli6«o :t/sf] ljsf; a}+snfO{ ;Demg' kb{5 .

-r_ ælgodg lgsfoÆ eGgfn] g]kfn lwtf]kq af]8{, sDkgL /lhi6«f/sf] sfof{no tyf aLdf ;ldltnfO{ ;Demg' kb{5 .

-5_ æ;+:yfks, ;+rfns, sfo{sf/L k|d'v tyf Joj:yfkgÆ eGgfn] g]kfn k'gaL{df sDkgL lnld6]8sf ;+:yfks, ;+rfns,
k|d'v sfo{sf/L clws[t tyf Joj:yfkgnfO{ ;Demg' kb{5 .

-h_ æaf]8{Æ eGgfn] g]kfn lwtf]kq af]8{nfO{ ;Demg' kb{5 .

-em_ æl;-cf:af (C-ASBA) ;b:oÆ eGgfn] ;fj{hlgs lgisfzg ePsf] lwtf]kq vl/bsf nflu b/vf:t ;+sng ug{ tyf
lwtf]kq vl/b -;fj{hlgs lgisfzg_ ;DaGwL lgb]{lzsf, @)&# sf] bkmf % adf]lhd af]8{af6 cg'dlt k|fKt u/]sf] a}+s
jf ljQLo ;+:yf ;Demg' kb{5 .

v @= ljj/0fkq tyf b/vf:t kmf/d k|fKt ug]{ / a'emfpg] :yfg M

-s_ ljj/0fkq k|fKt ug]{ :yfg M

l;=g+= sDkgLsf] gfd, 7]ufgf
!= g]kfn k'gaL{df sDkgL lnld6]8, yfkfynL, sf7df08f}, g]kfn
@= cf/ljlj dr]{06 a}+lsË lnld6]8, 6]s', sf7df08f}, g]kfn

-v_ b/vf:t kmf/d k|fKt ug]{ / a'emfpg] :yfg M

l;=g+= sDkgLsf] gfd, 7]ufgf
g]kfn lwtf]kq af]8{af6 :jLs[lt k|fKt u/]sf ;Dk"0f{ cf:jf (ASBA) ;b:o a}+s tyf ljQLo
!=
;+:yfx? / ltgsf tf]lsPsf zfvf sfof{nox? .
lwtf]kq lgisfzg tyf laqmL k|aGws cf/ljlj dr]{06 a}+lsË lnld6]8sf] j]e;fO6
@=
www.rbbmbl.com.np af6 kmf/fd 8fpgnf]8 ug{ ;lsg] 5 .

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u != lwtf]kq lgisfzg tyf laqmL k|jGwssf] pb\3f]if0f M
xfdLnfO{ lgisfzgstf{ g]kfn k'gaL{df sDkgL lnld6]8 tyf o;sf ;+:yfks÷;+rfnsx?n] pknAw u/fPsf] ljj/0f tyf
hfgsf/Lx?sf] cfwf/df To; ;+:yfsf] Joj:yfklso, k|fljlws / cfly{s kIfsf] ljZn]if0ffTds cWoogaf6 xfdL ;Gt'i6 x'g'sf]
;fy} ljj/0fkqdf n]lvPsf cfly{s ljj/0fx? / cGo hfgsf/L tYout, k"0f{ / ;xL b]lvPsf]n] nufgLstf{x?nfO{ nufgL
;DaGwL lg0f{o lng d2t k'Ug] s'/fk|lt ljZj:t eO{ xfdLn] of] ljj/0fkq :jLs[ltsf nflu g]kfn lwtf]kq af]8{df ælwtf]kq
;DaGwL P]g, @)^#Æ tyf ælwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&#Æ cg'?ksf] of]Uotf k'u]sf] k|ltj4tfkq (Due
Diligence Certificate) k|:t't u/]sf 5f}+ .

u @= ;+ul7t ;+:yfsf] pb\3f]if0f M

-s_ ;+rfnssf] lhDd]jf/L tyf hjfkmb]lxtf ;DaGwL pb\3f]if0f M
of] ljj/0fkq xfdLn] k'g/fjnf]sg u/L cg'df]bg u/]sf] x'gfn] o; ljj/0fkqdf pNn]v ul/Psf ljj/0f tyf
hfgsf/Lx?sf ;fy} lgisfzg tyf laqmL k|aGwsnfO{ lbPsf] ljQLo ljj/0f, cGo ljj/0f, hfgsf/L tyf sfuhftx?sf
;Totf / z'4tf k|lt / lwtf]kq btf{ tyf lgisfzg cg'dlt k|of]hgsf nflu g]kfn lwtf]kq af]8{df k]z ul/Psf]
ljj/0fkq / ;f];Fu ;DalGwt cGo ljj/0f tyf hfgsf/Lx?sf] z'4tf tyf ;Totfk|lt o; ljj/0fkqdf x:tfIf/ ug]{
xfdL ;+rfnsx? JolQmut jf ;fd"lxs ?kdf hjfkmb]lxtf jxg ub{5f}+ / lwtf]kq lgisfzgsf nflu tf]lsPsf zt{ tyf
cfjZostfx?sf] ;DaGwdf cfjZos hfgsf/L lnO{ xfdL pb\3f]if0f ub{5f}+ sL tf]lsPsf zt{ tyf cfjZostfx? ;a}
kfngf u/]sf 5f}+ / nufgLstf{x?nfO{ nufgL ;DaGwL ;';"lrt lg0f{o lng cfjZos s'g} ljj/0f, ;"rgf tyf hfgsf/Lx?
n'sfPsf 5}gf}+ .

-v_ ;+ul7t ;+:yfsf] hjfkmb]xLtf ;DaGwL pb\3f]if0f M

o; g]kfn k'gaL{df sDkgL lnld6]8n] k|sflzt u/]sf] ljj/0fkq, ;fj{hlgs k|:tfj, lj1fkg jf cGo s'g} ;"rgfdf
pNn]v ePsf ljj/0fx? jfx]s ;+ul7t ;+:yfsf] af/]df k|sflzt cGo s'g} ;"rgf jf hfgsf/Lsf] hjfkmb]xLtf ;+ul7t
;+:yfdf g/xg] / To:tf] ;"rgf, hfgsf/L jf ljj/0fsf] cfwf/df nufgL u/]df ;f]sf] hf]lvd nufgLstf{ :jo+n] jxg
ug'{kg]{5 .

-u_ lgodg lgsfosf] lgodg Joj:yfsf] kfngf ;DaGwL pb\3f]if0f M

k|rlnt sfg"g cg';f/ cfkm\gf] pBf]u÷Joj;fo÷;]jf;Fu ;DalGwt lgodg lgsfo -h:t}M sDkgL /lhi6«f/sf] sfof{no,
aLdf ;ldlt cfbL_ sf] ;fj{hlgs lgisfzg tyf cGo lgodg Joj:yf tyf lgb]{zgx?sf] kfngf u/]sf] s'/fsf] pb\3f]if0f
ub{5f}+ . ;fy} ;fj{hlgs lgisfzg k|of]hgsf] nflu tof/ ul/Psf] ljj/0fkq / ;f]df pNn]lvt ;Demf}tf jf cGo
ljj/0fx? g]kfn lwtf]kq af]8{, sDkgL /lhi6«f/sf] sfof{no, / g]kfn :6s PS;r]~h lnld6]8df k]z u/]sf 5f}+ . o;
k'gaL{df sDkgL cf=j= @)&$.)&% ;Dd sDkgL /lhi6«f/sf] sfof{nodf cWofjlws /x]sf] / ;f] Joxf]/fsf] hfgsf/L
sDkgL /lhi6«f/sf] sfof{nosf] ldlt @)&^÷)%÷)!, r=g+=%#((÷)&^÷&& sf] kqaf6 k|fKt ePsf] 5 .

-3_ ;+:yfks, ;+rfns tyf sfo{sf/L k|d'v ;DaGwL pb\3f]if0f M

!=o; k'gaL{df sDkgLsf ;+:yfks, ;+rfns jf k|d'v sfo{sf/L clws[t shf{ ;"rgf s]Gb|sf] sfnf];"rLdf /x]sf 5}gg\ .
@=o; k'gaL{df sDkgLsf ;+rfns jf k|d'v sfo{sf/L clws[t sfnf];"rLdf /x]sf] cGo ;+ul7t ;+:yfdf ;+rfns 5}gg\ .
#=;fj{hlgs lgisfzg dfkm{t\ ;j{;fwf/0faf6 kF"hL ;+sng u/L j]kQf ePsf jf ;+rfngdf g/x]sf jf nufgLstf{x?sf]
lxt ljk/Lt x'g] sfo{ u/]sf] ;+ul7t ;+:yfsf ;+rfns jf k|d'v sfo{sf/L clws[t o; k'gaL{df sDkgLsf] ;+rfns jf
k|d'v sfo{sf/L clws[t 5}gg\ .
$=lwtf]kq ;DaGwL sfg"g ljk/Lt sfo{ u/]sf] sf/0f lwtf]kq ahf/ jf lwtf]kq Jofj;foLsf] cg'dlt vf/]h ePsf] bz jif{
k"/f gePsf] ;+ul7t ;+:yfsf] ;+rfns jf k|d'v sfo{sf/L clws[t o; sDkgLsf] ;+rfns jf k|d'v sfo{sf/L clws[t
5}gg\ .
%=o; k'gaL{df sDkgLsf] ;+rfns jf k|d'v sfo{sf/L clws[t lwtf]kq ;DaGwL P]gsf] bkmf !)* jdf]lhd cof]Uo /x]sf
5}gg\ .

u=#= ;+ul7t ;+:yf ;DaGwL hfgsf/L M

-s_ ;+ul7t ;+:yfsf] k[i7e"dL M
c_ ;+:yfsf] gfd M g]kfn k'gaL{df sDkgL lnld6]8 (Nepal Re-Insurance Company Limited)

cf_ ;+ul7t ;+:yfsf] /lhi68{ sfof{no M o; k'gaL{df sDkgLsf] /lhi68{ -s]Gb|Lo_ sfof{no afudtL c~rn, sf7df8f}+
lhNnf, sf7df8f}+ dxfgu/kflnsf, j8f g+= !!, yfkfynL, sf7df08f}df /x]sf] 5 .

O_ s'g P]g cGtu{t :yflkt ePsf] ;f] s'/f M sDkgL P]g, @)^# cGtu{t :yflkt .

O{_ sf/f]af/ ug]{ d'Vo :yfg M o; sDkgLsf] sf/f]af/ :yfg afudtL c~rn, sf7df8f}+ lhNnf, sf7df8f}+ dxfgu/kflnsf
yfkfynL, sf7df08f}df /x]sf] 5 / cfjZostf cg';f/ :jLs[tL lnO{ zfvf vf]nL g]kfn el/ sf/f]af/ ug{ ;Sg]5 .

3
p_ ;+ul7t ;+:yfsf] :yfkgfsfnb]lv xfn;Ddsf] ;+lIfKt Oltxf; / ;+ul7t ;+:yfsf d'Vo p2]Zox? M
o; g]kfn k'gaL{df sDkgL lnld6]8, sDkgL P]g, @)^# adf]lhd, aLdf P]g, @)$(, aLdf lgodfjnL, @)$( tyf
k|rlnt sfg"gsf] clwgdf /lx :jb]z tyf ljb]zdf :yfkgf eO{ lghL{jg, hLjg, k'gaL{df ;DaGwL Joj;fo ug]{
sDkgLx?n] ug]{ Joj;fosf] cfkm'n] Wff/0f ug]{ eGbf a9L hf]lvd /sd k'gaL{dfsf] dfWodaf6 k'gaL{df ;DaGwL ;'ljwf
k|bfg u/L cfly{s ljsf;df ;xof]u k'¥ofpg] p2]Zon] ldlt @)&!÷)&÷@! ut] g]kfn ;/sf/, sDkgL /lhi6«f/sf]
sfof{nodf btf{ e} ldlt @)&!÷)(÷)$ df aLdf ;ldltaf6 aLdf Jofj;fo sf/f]jf/ ug{ Ohfht k|fKt u/L ldlt
lj=;=@)&!÷)(÷)& b]vL sf/f]jf/ ;+rfng ul//x]sf] 5 . o; sDkgLsf] ;+:yfksdf g]kfn ;/sf/, aLdf sDkgL,
a}s tyf ljQLo ;+:yf, Jofkf/Ls ;+:yf Pj+ nufgL sDkgL /x]sf 5g\ .

k'gaL{df sDkgLsf] k|aGwkq tyf lgodfjnL adf]lhd aLdf P]g @)$(, aLdf lgodfjnL @)$( tyf cGo k|rlnt
sfg"gsf] clwgdf /lx sDkgLsf] d'Vo p2]Zox? b]xfo adf]lhd Joj:yf ul/Psf] 5
-s_ k|rlnt sfg"gsf] clwgdf /xL k'gaL{df tyf aLdf Joj;fo ug]{,
-v_ ljleGg hf]lvd ;d'xsf] aLdf, k'gaL{df tyf bfaL e'QmfgL Joj:yf ldnfpg u7g x'g] aLdf k'n -;fd'lxsLs/0f_
sf] :yfkgf tyf Joj:yfkg ug]{ u/fpg],
-u_ k'gaL{df tyf aLdf Joj;foaf6 k|fKt x'g cfpg] k'gaL{df tyf aLdf z'Nsaf6 l;lh{t aLdf sf]ifdf hDdf x'g]
/sdnfO{ ljleGg If]qdf nufgL ug]{,
-3_ ljleGg sDkgLx?sf] ;+:yfks eO{ jf geO{ z]o/df nufgL ug]{ u/fpg],
-ª_ :jb]zL tyf ljb]zL aLdsx?n] u/]sf] aLdf tyf k'gaL{df Joj;fosf] cfkm'n] u|x0f u/]sf] aLdf tyf k'gaL{dfdf
cfkm'n] wf/0f ug]{ eGbf a9L hf]lvd /sd k'gaL{df -/]6«f];];g_ u/fpg],
-r_ ;DalGwt lgsfosf] :jLs[lt lnO{ :jb]zL tyf ljb]zL k'gaL{df sDkgLx?;Fu cfjZostf cg';f/ k'gaL{df
a|f]s/x?sf] ;]jf lnO{ jf ;f]em} ;+o'Qm ?kdf jf 5'6\6f5'6\6} k'gaL{df ug]{ u/fpg],
-5_ z]o/k"FhL, k'gaL{df tyf aLdf z'Ns, Jofh / cGo cfo jfkt k|fKt /sd ljleGg rn tyf crn ;Dkltdf nufgL
ug]{, lalqm ug]{ tyf o:t} k|sf/sf Joj;fo ug]{, cGo ;xfos sDkgL :yfkgf ug]{,
-h_ cfkm'n] u|x0f u/]sf] k'gaL{df tyf aLdf Joj;fo cGtu{t pTkGg ePsf bfaL Pj+ Joj:yfkg u/]sf aLdf sf]if
cGtu{t pTkGg x'g] bfaL e'QmfgL ;DaGwL sfo{ ug]{,
-em_ aLdsx?n] u/]sf] aLdf Joj;fo cGt{utsf] k|ToIf lx:;f -8fO/]S6 ;];g_ u|x0f ug]{,
-`_ k'gaL{df tyf aLdf If]qsf ljleGg ljifo tyf hf]lvd ;d'xx?sf] klxrfg, ljZn]if0f, dfkg, cWoog, cg';Gwfg /
k|sfzg ug]{,
-6_ k'gaL{df tyf aLdf ;DaGwL ljifox?df cfjZostf cg';f/ /fli6«o tyf cGt/fli6«o :t/df sfo{zfnf, uf]i7L,
;]dLgf/, tfnLd ;+rfng ug]{ u/fpg],
-7_ k|rlnt sfg"gsf] clwgdf /xL sDkgLdf :jb]zL tyf ljb]zL nufgLstf{ cfslif{t ug]{ tyf ;+o'Qm nufgL ;Dem}tf
-hf]OG6 e]Gr/ Plu|d]G6_ ug]{ .

pm_ ;+ul7t ;+:yfsf] s'g} ;xfos sDkgL ePdf ;f] ;xfos sDkgLsf] gfd, Oltxf; To;sf d'Vo p2]Zox?sf ;fy}
To;df ePsf] nufgLsf] c+z -k|ltztdf_M ;f] gePsf]

P_ cGo ljj/0fx? M
-!_ ;+ul7t ;+:yfn] pTkfbg ug]{ j:t' tyf k|bfg ug]{ ;]jfx? M k|rlnt sfg"gsf] clwgdf /xL k'gaL{df, ljleGg
hf]lvd ;d'xsf] aLdf, aLdf k'n -;fd'lxsLs/0f_ ;DaGwL k'gaL{df Joj;fo tyf cGo aLdf Joj;fo ug]{ .
-@_ k|of]u ePsf] jf ul/g] k|ljlw M k|rlnt cGt{/fli6«o :t/sf] k'gaL{df, hf]lvd ;d'xsf] aLdf, aLdf k'n -
;fd'lxsLs/0f_, tyf cGo aLdf Joj;fo;+u ;DalGwt k|ljlw /x]sf] 5 .
-#_ s'g} a|f08g]d, k|ltlnlk clwsf/, 6]«8dfs{, Ohfhtkq, k|fljlws ;xof]u ;Demf}tf / ljQLo ;+:yf;Fu ;DalGwt
af}l¢s ;DklQ xs clwsf/ M xfn gePsf]
-$_ ;+ul7t ;+:yfn] cf]u6]sf] ahf/ If]q M /fli6«o tyf cGy d'n'sdf ;d]t
-%_ gofF pTkfbg tyf ;]jf ;DaGwL of]hgf M xfn gePsf]
-^_ pTkfbg tyf ;]jfsf] k|d'v ahf/ / To;sf] dfu / laqmL ljt/0fsf] tl/sf M /fli6«o tyf cGt{/fli6«o k'gaL{df
;]jf, /fli6«o tyf cGt{/fli6«o ahf/ /x]sf] tyf dfu / ljqmL ;DaGwdf k|ToIf / jf a|f]s/ dfkm{t .
-&_ pTkfbg÷;~rfng Ifdtf / ;f] sf] pkef]u l:ylt M sDkgLsf] r'Qmf k'FhL tyf ;+lrt hu]8fsf] cfwf/df Ifdtf
/ pkef]u lgwf{/0f ug]{ u/]sf] .
-*_ sRrf kbfy{sf] >f]t, lsl;d / pknAWftf M xfn gePsf] .
-(_ u'0f lgoGq0fsf] nflu ul/Psf] Joj:yf M xfn gePsf] .
-!)_ cg':fGwfg tyf ljsf; M sDkgLdf /x]sf] cg';Gwfg tyf ljsf; ljefuaf6 cfjZos sfo{ ug]{ u/]sf] .
-!!_ ljut !@ dlxgfsf] cjlwdf ;+:yfsf] ;~rfngdf c;/ kg]{ u/L ePsf] afwf, Jojwfg M ;f] gePsf] .
-!@_ dhb'/ ;+u7g;Fusf] ;DaGw / ljutdf s'g} cf}Bf]lus ljjfb ePsf] eP, ;f] ;DaGWfL ljj/0f M ;f] gePsf] .
-!#_ ahf/ k|lt:kwf{ / cGo ;dfg pBf]ux? aLr ;+ul7t ;+:yfsf] l:ylt M g]kfndf xfn;Dd cGo k'gaL{df sDkgL
;~rfngdf g/x]sf]n] k'gaL{df ahf/df cfGtl/s k|lt:kwf{ gePsf] . ;fy} g]]kfn ;/sf/n] cf=j= @)&%÷)&^

4
 sf] aflif{s ah]6sf] gLlt tyf sfo{qmddf g]kfndf ;~rflnt hLjg tyf lghL{jg aLdf sDkgLx?n] aLdf
n]vf+Ísf] sDtLdf @)Ü clgjfo{ ?kdf o; sDkgLdf k'gaL{df u/fpg' kg]{ Joj:yf ePsf] . g]kfnsf] s"n
k'gaL{df Joj;fodf sl/a ^) k|ltzt ef/tsf] GIC k'gaL{df sDkgL, hd{gLsf] Hannover k'gaL{df sDkgL,
s]Gofsf] ZDP Re nufotsf cGo b]zsf k'gaL{df sDkgLx?sf] lx:;f /x]sf] . o; ;fj{hlgs lgisfzg kZrft
sDkgLsf] AM Based /]l6ª u/L k|fKt c+ssf] cfwf/df xfn;Dd b]z aflx/ uPsf] pQm Joj;fonfO{ ;d]t o;
sDkgL dfkm{t g]kfnsf] k'gaL{df Joj;fo lj:tf/ ug{ ;lsg] cj:yf /x]sf] . cGt/f{li6«o VoftL k|fKt k'gaL{df
bnfnx? dfkm{t tyf ;f]em} cGt/f{li6«o aLdf sDkgLx? tyf k'gaL{df sDkgLx?sf] hf]lvd wf/0f u/L ;f] afkt
k'gaL{df z'Ns cfh{g u/L Joj;fo lj:tf/ ug]{ of]hgf /x]sf] .

-!$_ k|d'v u|fxsx?sf] ljj/0f -h:t} – ;+:yfsf] s"n sf/f]jf/df !) k|ltzt jf ;f] eGbf a9Ln] of]ubfg ug]{ jf
Joj;fosf] nflu ;+:yf s'g} k|d'v u|fxs;+u lge{/ 5 eg] tt\;DaGwL ljj/0f_ M ;f] gePsf] .

-!%_ k|d'v ;Knfo;{x?sf] ljj/0f -h:t} – ;+:yfsf] s"n sf/f]jf/df !) k|ltzt jf ;f] eGbf a9Ln] of]ubfg ug]{
;Knfo;{ jf Joj;fosf] nflu ;+ul7t ;+:yf s'g} k|d'v ;Knfo;{;Fu lge{/ 5 eg] tt\;DaGwL ljj/0f_ M ;f]
gePsf] .

-v_ ;Dkltsf] ljj/0f M

-c_ ;+ul7t ;+:yfsf] pks/0f -Knf06_ tyf cGo ;DklQ /x]sf] :yfg / pks/0f tyf ;DklQsf] cj:yf M
k'gaL{df sDkgLsf] xfnsf] ;DklQsf] cj:yf tn pNn]v ul/P adf]lhd /x]sf] 5 M
kmlg{r/ tyf ;DklQ
sDKo'6/ tyf
lkmS;r;{ / /x]sf
ljj/0f Efjg ;'rgf k|ljwL kl/jfxg lnh xf]N8 o; jif{ ? Uft jif{ ?
sfof{no :yfg
pks/0f
;fdfg
!=k/n df]n
-s_ ut aif{sf] df}Hbft 2,691,120 1,735,868 4,208,382 728,708 9,364,078 9,364,078
-v_ o; aif{sf] yk 2,268,389 7,614,756 313,455 7,979,000 18,175,600
-u_ o; aif{

sDkgLsf] s]Gb|Lo sfof{no yfkfynL, sf&df)*f}+ .

k'g{d'NofÍg÷k'gMn]vg
-3_ o; aif{sf] laqmL
-ª_ o; jif{sf] ckn]vg
s'n k/ndf]n 2,268,389 10,305,876 2,049,323 12,187,382 728,708 27,539,678

@= x|f; s§L
-s_ ut aif{ ;Ddsf] 1,074,766 560,753 1,295,509 318,810 3,249,838 3,249,838
-v_ o; aif{sf] 113,419 2,308,515 364,949 2,178,375 102,475 5,067,733
-u_ x|f; s§L
k'g{d'NofÍg÷k'gMn]vg
-3_ o; aif{sf] ljqmL
s'n x|f; s§L 113,419 3,383,281 925,702 3,473,884 421,285 8,317,571
#=a"s Eofn' (WDV*) -!– 2,154,970 6,922,595 1,123,621 8,713,498 307,423 19,222,107
@_
$=hUuf –ldgejg !),
sf7df08f}, -lsQf g+ #(*, 383,055,200
If]qkmn $–!)–!–!_
%=kF"hLut lgdf{0f
*Written Down Value

-cf_ aF'bf -c_ df pNn]lvt ;DklQ ;+ul7t ;+:yfsf] cfkm\g} ;DklQ xf] jf lnhdf lnPsf], lnhdf lnPsf] eP lnhsf] cjlw -
ldlt ;d]t pNn]v ug'{kg]{_ M ;Dk"0f{ ;DklQ cfkm\g} /x]sf] .

-O_ olb ;DklQ ;+ul7t ;+:yfsf] cfkm\g} :jfldTjdf /x]sf] ePdf pQm ;DklQ dfly s'g} lnog jf df]6{u]h eP ;f] ;DaGwL
ljj/0f M s'g} lnog jf df]6{u]h gePsf]

-O{_ ;DklQsf] d"NofÍg ul/Psf] tl/sf ;DaGwL ljj/0f M sDkgLsf] cfly{s k|zf;g ljlgodfjnL, @)&@ sf] cg';f/ nfut
d"Nosf] cfwf/df .

5
-u_ efjL of]hgf tyf /0fgLlt M
-c_ Joj;fo÷;]jfsf] j[l4sf nflu ;+:yfsf] efjL of]hgf / To:tf] of]hgfsf] k|flKtsf nflu rflng] ;doa4 /0fgLlt M
;+:yfsf] efjL of]hgf M a:t' tyf ;]jf ljsf;, cGt{/fli6«o Jofkf/ la:tf/, k"jf{wf/ tyf Ifdtf ljsf;, hf]lvd
Joj:yfkg tyf nufgL Joj:yfkg .
/0fgLlt M
 k'gaL{df If]qsf] cu'jf sDkgLx?;+u ;xsfo{ tyf sDkgLsf] ljQLo Ifdtf clej[4L ub}{ aLdf tyf k'gaL{df ahf/df
/fli6«o tyf cGt/f{li6«o ?kdf kl/lrt x'g],
 sDkgLsf] hf]lvd axg ug]{ IfdtfnfO{ Wofgdf /fvL sDkgLsf] ;du| d'gfkmf clej[4L u/L k'gaL{df Joj;fosf j[4L
ug]{,
 hf]lvdsf] plrt jlu{s/0f u/L pRr k|ltkmn k|bfg ug{ ;Sg] ;DefJo If]qx?df nufgL ug]{,
 ;fj{hlgs lgisfzg dfkm{t sDkgLsf] zo]/ k"FhL cfwf/ lj:tf/ u/L lgisflzt z]o/sf] lwtf]kq ahf/df ;xh
sf/f]jf/ ug]{,
 cGt/f{li6«o :t/sf] ;+:yfut ;'zf;gsf] ;+:yfut ug{ pQ/bfloTj / hjfkmb]xLtf dfkm{t kf/blz{tf k|Tofe't ug]{ .

-cf_ k|lt:kwf{, ljBdfg cfly{s l:ylt / ;dfg lsl;dsf] pBf]usf] l:yltsf] cfwf/df ;+ul7t ;+:yfsf] Joj;fosf] eljio M
g]kfn ;/sf/sf] cf=j @)&%÷&^ sf] jh]6, gLlt tyf sfo{s|d cg';f/ g]kfn leq /x]sf k|To]s aLdf sDkgLn] g]kfn
k'gaL{df sDkgLnfO{ cfˆgf] Joj;fosf] @)Ü clgjfo{ ?kdf lbg'kg]{ Joj:yf ePsf] tyf clwsf+z aLdf sDkgLx? g]kfn
k'gaL{df sDkgLsf] z]o/wgL ;d]t ePsf] x'Fbf pk/f]Qm sDkgLx?af6 clwstd Joj;fo ;d]t k|fKt u/]sf] x'Fbf tyf
g]kfndf xfn Ps dfq k'gaL{df sDkgLsf] ?kdf sfo{/t g]kfn k'gaL{df sDkgL lnld6]8sf] cfGtl/s k|l t:kwf{ z"Go
/x]sf] tyf ;fdfGotf k'gaL{df Joj;fosf] k|s[lt cg'?k k'gaL{df sDkgLsf] Joj;flos If]q ;Dk"0f{ ljZj el/g} /xg] x'G5
. ;fy} k'gaL{df sDkgLx?sf] cGt/f{li6«o cEof;nfO{ dWogh/ ubf{ k'gaL{df sDkgLsf] cfwf/e"t l;4fGt eg]sf] g} s'g}
Ps sDkgLsf] hf]lvd w]/} sDkgLn] ldn]/ u|x0f ug]{ / Ps csf{sf] hf]lvd Go"lgs/0f ug]{ x'Fbf ljZjdf ljleGg b]zaf6
k|ToIf Joj;fo k|fKt x'g] cfwf/ :ki6 /x]sf] 5, h'g k'gaL{df Joj;fosf] cGt/{fli6«o dfGotf g} xf] . h;n] o; sDkgLsf]
afXo k|lt:kwf{ ;fdfGo agfPsf] 5, pk/f]Qm Joj;flos Pj+ k|fljlws tYo Pj+ sf/0fx?n] ubf{ xfn ;Ddsf] cfly{s
cj:yf ;an /x]sf] tyf Joj;flos eljio ;kmntf pGd'v Pj+ pHjn /x]sf] 5 .
3_ ;+rfns ;ldltsf] ;+/rgf / k|ltlglwTj ;DaGwL Joj:yf M
;+rfns ;ldltsf] ;+/rgf, ;+rfnsx?sf] of]Uotf / k|ltlglwTj tyf ;+rfns x'gsf] nflu lng'kg]{ Go"gtd z]o/ ;+Vof
;DaGwL Joj:yf M

aLdssf] ;+:yfut ;'zf;g ;DaGwL lgb]{lzsf, @)&% df ;+rfnssf] ;+Vof sDtLdf % hgf / a9Ldf & hgf;Dd x'g] Joj:yf
ul/Psf] / o; sDkgLsf] lgodfjnLsf] lgod @&-@_ df ePsf] Joj:yf cg';f/ & -;ft_ hgf ;~rfns /x]sf] Ps ;~rfns
;ldlt /xg] Joj:yf /x]sfn]] b]xfo adf]lhd x'g] ul/ ;+rfns ;ldlt /x]sf] 5 .

;d"x æsÆ g]kfn ;/sf/af6 dfgf]lgt cWoIf ;lxt # -tLg_ hgf

;d"x ævÆ g]kfn ;/sf/ afx]s ;+:yfut nufgLstf{af6 lgjf{lrt @ -b'O_{ hgf
;j{;fwf/0f ;d"xsf z]o/wgLaf6 lgjf{lrt ! -Ps_ hgf
:jtGq ljz]if1 ;+rfns ! -Ps_ hgf

;+rfnsx?sf] sfo{sfn $ -rf/_ jif{sf] x'g]5 . t/ ;d"x æsÆ af6 lgo'Qm ;~rfnsnfO{ of] Joj:yf nfu" x'g]5}g .

k|:tfljt ;fj{hlgs z]o/ lgisfzg kZrft ;j{;fwf/0f ;d"xsf z]o/wgLaf6 ! -Ps_ hgf cfufdL jflif{s ;fwf/0f ;efaf6
lgjf{lrt ul/g]5 .
;+rfns x'gsf] nflu lng'kg]{ Go"gtd z]o/ ;+Vof ;DaGwL Joj:yf M
o; sDkgLsf] lgodfjnLdf Joj:yf eP cg';f/ k'gaL{dfsf] ;+rfns kbdf lgo'Qm x'gsf] nflu s'g}klg ;+:yfut z]o/wgLn]
cfkm\gf] gfddf slDtdf !,)),))) -Ps nfv_ / ;j{;fwf/0f z]o/wgLn] sDtLdf !)) -Ps ;o_ lsQf z]o/ lnPsf] x'g'kg]{5
. t/ g]kfn ;/sf/, :jtGq tyf ljz]if1 ;+rfns / ;+ul7t ;+:yfsf] k|ltlglwTj ug]{ ;+rfnssf] xsdf of] nfu" x'g] 5}g .

6
 u=$= k"FhL ;+/rgf ;DaGwL hfgsf/L M
-s_ clws[t, hf/L tyf r'Qmf k"FhL / ;+:yfsf] :yfkgf kZrft\ ;f] df kl/jt{g ePsf] eP tT;DaGwL ljj/0f M
-c_ clws[t k"FhL M o; k'gaL{df sDkgLsf] clws[t k"FhL ?= !%,)),)),)),)))÷– -cIf/]kL kGw| cj{ ?k}+of dfq_ /x]sf] 5,
h;nfO{ k|lt z]o/ ?=!))÷sf b/n] hDdf !%,)),)),))) ÷— -kGw| s/f]8_ lsQf ;fwf/0f z]o/df ljefhg ul/Psf] 5
.
-cf_ hf/L k"FhL M o; k'gaL{df sDkgLsf] hf/L k"FhL ?= !),)),)),)),)))÷—-cIf/]kL bz cj{ ?k}+of dfq_ /x]sf] 5, h;nfO{
k|lt z]o/ ?=!))÷—sf b/n] hDdf !),)),)),))) ÷— - bz s/f]8_ lsQf ;fwf/0f z]o/df ljefhg ul/Psf]5 .
-O_ r'Qmf k"FhL M xfn k'gaL{df sDkgLsf] r'Qmf k"FhL ?= *,$),)),)),)))÷—-cIf/]kL cf7 cj{ rfln; s/f]8 ?k}+of dfq_
/x]sf] 5 .
;j{;fwf/0fnfO{ z]o/ hf/L u/] kZrft sDkgLsf] r'Qmf k"FhL ?= !),)),)),)),)))÷—- cIf/]kL bz cj{ ?k}+of dfq_ x'g]5 .

-v_ clws[t, hf/L tyf r'Qmf k"FhLdf eO{ cfPsf]÷kl/jt{g ePsf] eP tT;DaGwL ljj/0f M
cf=j=@)&!÷&@ kZrft\ k'gaL{df sDkgLsf] k"FhLdf ePsf] kl/jt{g ;DaGwL ljj/0f M

qm=;+ cf=j= clws[t k"FhL Hff/L k"FhL r'Qmf k"FhL

! @)&@÷&# %,)),)),)),))) %,)),)),)),))) %,)),)),)),)))
@ @)&#÷&$ %,)),)),)),))) %,)),)),)),))) %,)),)),)),)))
# @)&$÷&% !%,)),)),)),))) !),)),)),)),))) &,!&,&%,)),)))
$ @)&%÷&^ !%,)),)),)),))) !),)),)),)),))) *,$),)),)),)))

-u_ lgisfzg kl5sf] r'Qmf kF"hL -;d"xs[t ul/Psf] cj:yfdf ;f]xL cg'?k_ M
;fj{hlgs lgisfzg ug{' k"j{ k'gaL{df sDkgLsf]] r'Qmf k"FhLsf] ;+/rgf b]xfo adf]lhd /x]sf] 5 M
k"FhL
;d"x Zf]o/wgL z]o/ lsQf r'Qmf /sd -?=_ e'QmfgL k|ltzt
;+/rgf
-s_ Gf]kfn ;/sf/ $,$),#(,))) $$=)#( $,$),#(,)),))) zt\k|ltzt
aLdf tyf cGo #,((,^!,)),)))
-v_ #,((,^!,))) #(=(^! zt\k|ltzt
sDkgLx?
hDdf *,$),)),))) *$=)) *,$),)=),)),)))
gf]6 M k"FhL ;+/rgfsf] !^ k|ltzt ;j{;fwf/0f z]o/wgLx? -sd{rf/Lx? ;d]t_ nfO{ 5'6\ofOPsf] xf] .

k|fylds z]o/ lgisfzg u/L afF8kmfF8 u/] kZrft\ sDkgLsf]] r'Qmf k"FhLsf] ;+/rgf b]xfo adf]lhd x'g]5 M
k"FhL ;+/rgf e'QmfgL
;d"x Zf]o/wgL z]o/ lsQf r'Qmf /sd -?=_
-k|ltzt_ k|ltzt
-s_ Gf]kfn ;/sf/ $,$),#(,))) $$=)#( $,$),#(,)),))) zt\k|ltzt
aLdf tyf cGo #,((,^!,)),)))
-v_ #,((,^!,))) #(=(^! zt\k|ltzt
;+:yfx?
;j{;fwf/0f z]o/wgLx?
-3_ !,^),)),))) !^=)) !,^),)),)),))) zt\k|ltzt
-sd{rf/Lx? ;d]t_
hDdf !),)),)),))) !))=)) !),)),)),)),)))

-3_ z]o/ lk|ldod vftf -lgisfzg k"j{ / lgisfzg kZrft\_ M 5}g

+
u=%=;+:yfks÷;+~rfns ;DaGwL hfgsf/L M
-s_ ;+:yfks÷;+~rfnssf] k[i7e"ld M
-!_ cfwf/e"t z]o/wgLx? Tfyf ;~rfnsx?sf] gfd, kb, pd]/, /fli6«otf, 7]ufgf, z]o/ :jfldTj, z}lIfs of]Uotf, cg'ej /
k|:tfljt Jofkf/÷Joj;fo cg'ej M ;Af} ;+:yfks ;+ul7t ;+:yf ePsf] . ;+:yfkssf] gfd, 7]ufgf / z]o/ :jfldTj b]xfo
adf]lhd /x]sf] 5 .

qm=;= ;+:yfks z]o/wgLx? 7]ufgf z]o/ ;+Vof

!= g]kfn ;/sf/ l;xb/jf/, sf7df08f} 44,039,051
@= /fli6«o aLdf sDkgL ln= /fdzfxky,sf7df08f} 2,769,549
#= g]sf] OG;'/]G; ln= cgfdgu/ sf7df08f} 1,618,168

7
$= k|'8]lG;on OG:of]/]G; sDkgL ln= sdnfbL, sf7df08f} 1,618,168
%= o'gfO6]8 OG:of]/]G; sDkgL ln= yfkfynL, sf7df08f} 1,618,168
^= lk|ldo/ OG:of]/]G; sDkgL ln= gS;fn, sf7df08f} 1,618,168
n'lDagL hg/n OG:of]/]G; sDkgL
&= 1fg]Zj/, sf7df08f} 1,618,168
ln=
*= g]kfn OG:of]/]G; sDkgL ln= sdnfbL, sf7df08f} 1,618,168
lxdfnog hg/n OG:of]/]G; sDkgL
(= aa/dxn, sf7df08f} 1,618,168
ln=
!)= lzv/ OG:of]/]G; sDkgL ln= yfkfynL, sf7df08f} 1,618,168
!!= k|e' -PnfPG;_ OG:of]/]G; sDkgL ln= ltgs'g], sf7df08f} 1,618,168
!@= PgPnhL OG:of]/]G; sDkgL ln= kfgLkf]v/L, sf7df08f} 1,114,141
!#= cfOPdO{ hg/n sDkgL ln= lqk'/]Zj/, sf7df08f} 1,618,168
!$= lb cf]l/o06n OG:of]/]G; sDkgL ln= l8NnLahf/, sf7df08f} 1,129,117
!%= ;u/dfyf OG:of]/]G; sDkgL ln= gS;fn, sf7df08f} 1,618,168
!^= Pe/]i6 OG:of]/]G; sDkgL ln= xfQL;f/,sf7df08f} 1,618,168
!&= g]zgn OG:of]/]G; sDkgL ln= lqk'/]Zj/, sf7df08f} 970,829
!*= l;4fy{ OG:of]/]G; sDkgL ln= aa/dxn, sf7df08f} 1,618,168
;fgf] uf}r/g,
!(= ;'of{ nfOkm OG:of]/]G; sDkgL ln= 718,951
sf7df08f}
@)= g]kfn nfOkm OG:of]/]G; sDkgL ln= sdnfbL, sf7df08f} 718,951
nfOkm OG:of]/]G; skf]{/]zg -g]kfn_
@!= gS;fn, sf7df08f} 718,951
ln=
@@= g]zgn nfOkm OG:of]/]G; sDkgL ln= nflhDkf6, sf7df08f} 718,951
@#= u'/fF; nfOkm OG:of]/]G; sDkgL ln= ltgs'g], sf7df08f} 718,951
Pl;og nfOkm OG:of]/]G; sDkgL
@$= d}ltb]jL, sf7df08f} 718,951
ln=
@%= k|fOd nfOkm OG:of]/]G; sDkgL ln= xfQL;f/,sf7df08f} 718,951
@^= /fli6«o aLdf ;+:yfg /fdzfxky, sf7df08f} 718,954
@&= u'x]Zj/L dr]{G6 a}lsË P08 kmf=ln= k'Nrf]s, nlntk'/ 362,836
@*= Unf]an cfOPdO{ Soflk6n ln= Hfdn, sf7df08f} 302,363
@(= Unf]an cfOPdO{ a}+s ln= sdnfbL, sf7df08f} 604,726
#)= Xfyj] OGe]i6d]06 g]kfn ln= n}grf}/, sf7df08f} 967,561
#!= cfOPdO{ ln= kfgLkf]v/L, sf7df08f} 1,209,452
#@= ljzfn u|'k ln= sf7df08f} 3,023,629
>L 1fg ;]So"l/6 P08 OGe]i6d]06
##= sf7df08f} 718,951
ln=

8
;+rfnsx?sf] ljj/0f -gfd, 7]ugf / u|x0f u/]sf] z]o/ :jfldTj_ M

qm= pd]/ - z}lIfs k|:tfljt Jofkf/ ÷

Gffd kb /fli6«otf 7]ufgf z]o/ :jldTj cGo If]qsf] cg'ej
;+= aif{_ of]Uotf Joj;fosf] cg'ej
cf=j= @)^)÷^! b]vL
cf=j= @)^%÷^^
;Dd dxfn]vf
k/LIfssf] sfof{no,
dx]z s'df/ ljleGg ldltdf
u'/fufO+{, ICAN sf] cWoIf,
ljut # jif{b]vL
Pkm=l;=P= - NTC sf] cfly{s
y'Dj]lbg %, Pkm=l;=P= o; k'gaL{df
!= ;d'x s, cWoIf %) g]kfnL lgb{]zs Pj+ SAFA
tfKn]h'ª , Pd= P= sDkgLsf] cWoIf
g]kfn sf] ;+rfns tyf
eO{ sfo{ u/]sf] .
;/sf/af6 CAPA sf] ;b:o
dgf]lgt_ u/L sl/a @% jif{sf]
cfly{s Pj+
;fj{hlgs k|zf;g
tyf aLdf If]qsf]
g]kfn cg'ej .
;/sf/sf]
wlg/fd cf=j= @)^)÷^! b]vL
$$,)#(,)%!
zdf{ xfn;Dd !% jif{
lsQf ljut @ jif{b]vL
-;d'x s, Pd= sd= eGbf a9Lsf] ;/sf/L
n]vaF];L – o; k'gaL{df
@= g]kfn ;+rfns $) g]kfnL -lq=lj=lj= If]qsf] sfo{fg'ej .
$, ;'v]{t sDkgLsf] ;+rfns
;/sf/af6 _ xfn 7'nf s/bftf
/x]sf] .
dgf]lgt_ sfof{nosf] k|d'v .

cf=j= @)^)÷^! b]vL

a'6'jn ax'd'vL
/d]z /fgf SofDk;sf] cWoIf
ljut @ jif{b]vL
-;d'x s, ;GwLvs{ – la=Pn=, Pa+ DIPS sf]
o; k'gaL{df
#= g]kfn ;+rfns $) g]kfnL !!, Pd= P= - ;+rfns, g]kfn af/
sDkgLsf] ;+rfns
;/sf/af6 cwf{vfFrL lq=lj=lj=_ sfpG;Lnsf] ;b:o
/x]sf] .
dgf]lgt_ ;d]t u/L s/La !%
jif{ ;fj{hlgs If]qsf]
cg'ej
cf=j= @)%$÷%%
b]vL xfn ;Dd
s/La @! aif{
lghL{jg aLdf
Joj;fosf] cg'ej
lbk k|sfz ;lxt xfn lzv/
kf08] /QmsfnL – OG:of]/]G; s+=
;+rfns %# !,^!*,!^*
$= -v g]kfnL !*, Pd= sd= ln=sf= k|d'v
lsQf
;d'xaf6 sf7df08f} sfo{sf/L clws[t,
lgjf{lrt_ l;l6hg nfOkm
OG:of]/]G; s+=
ln=sf ;+rfns /
ljut @ jif{ b]vL
o; sDkgLdf
;+rfns /x]sf] .
#% jif{ aLdf O{=;+=@)!)–@)!@ ;Dd
la=Pn=,
:jtGq If]qsf] cg'ej gful/s nufgL sf]ifsf]
k'?iff]Qd Pd= P=-
lj1 ^% ;fanf–^, ;lxt /fli6«o aLdf ;+rfns, O{=;+= @)!@–
%= ;'a]bL g]kfnL gePsf] cy{zf:q_
t]x|y'd ;+:yfgsf] !) jif{ @)!# ;Dd cfjf;
;+rfns ,-
Joj:yfkg txdf ljsf; ljQ sDkgLsf]
lq=lj=lj=_
/xL sfo{ u/]sf] . cWoIf,

9
v_ ;+:yfksx? s'g} sDkgL÷;+:yf ePdf To:tf] sDkgL÷;+:yfsf] gfd tyf 7]ufgf ;lxtsf] ;+lIfKt ljj/0f / pQm sDkgL ÷
;+:yfsf ;+rfnsx?sf] gfd, 7]ufgf, -k|fs[lts JolQm gv'n];Dd_ M
o; k'gaL{df sDkgLsf] ;+:yfks sDkgL÷;+:yfsf] gfd tyf 7]ufgf tyf pQm sDkgL tyf ;+:yfsf ;~rfnsx?sf] gfd tyf
7]ufgf ;DaGwL ljj/0f b]xfo adf]lhd /x]sf] 5 M
qm=;+ sDkgL÷;+:yfsf] gfd, ;+lIfKt ljj/0f ;+rfnsx?sf] gfd
= 7]ufgf
!= g]kfn ;/sf/
@= /fli6«o aLdf sDkgL ln=, ldlt @)&!.)@.@* ut] sDkgL cWoIf M >L pd]z rGb| pkfWofo -g]kfn ;/sf/, cy{ dGqfno_
/fdzfxky, /lhi6«f/sf] sfof{nodf btf{ eO{ ldlt ;+rfns M >L yfg k|;fb ku]+gL -g]kfn ;/sf/, cy{ dGqfno_
sf7df08f} @)&!.)$.!* b]lv lglh{jg aLdf ;+rfns M >L laho s'df/ >]i7 -sd{rf/L ;+rosf]if, sf7df8f}+_
;DaGwL sfo{ ub}{ cfPsf] ;/sf/L ;+rfns M >L laZj/fh a/fn -g]kfn a}+s ln=_
:jfldTjsf] aLdf sDkgL ;+rfns M >L czf]s s'df/ pk|]tL -sf7df8f}+_
#= g]sf] OG;'/]G; ln=, ldlt @)%!.)(.)! ut] sDkgL cWoIf M >L /d]z s'df/ lg/f}nf -alQ;k'tnL, sf7df8f}+_
cgfdgu/ sf7df08f} /lhi6«f/sf] sfof{nodf btf{ eO{ ldlt ;+rfns M >L s]za k|;fb nD;fn -l;+xb/af/Knfhf, sf7df8f}+_
@)%#.)@.!& b]lv lglh{jg aLdf ;+rfns M >L k|tfk ;'j]bL -/fdzfxky, sf7df8f}+_
;DaGwL sfo{ ub}{ cfPsf]] aLdf ;+rfns M >L /Tg /fh kf08]o -alQ;k'tnL, sf7df8f}+_
sDkgL ;+rfns M >L efg'eQm kf]v|]n -l;gfd+un, sf7df8f}+_
;+rfns M >L lty{/fh k/fh'nL -uf}zfnf, sf7df8f}+_
:jtGq ;+rfns M /f]lxt s'df/ e§/fO{ -afg]Zj/, sf7df8f}+_
$= k|'8]lG;on OG:of]/]G; ldlt @)%&.)*.!% ut] sDkgL cWoIf M >L >j0f s'df/ cu|jfn -;fg]kf @, nlntk'/_
sDkgL ln=, sdnfbL, /lhi6«f/sf] sfof{nodf btf{ eO{ ldlt ;+rfns M >L ljzfn cu|jfn -nflhDkf6 @, sf7df8f}+_
sf7df08f} @)%(.)@.@) b]lv lglh{jg aLdf ;+rfns M >L cldt cu|jfn -b/af/dfu{, sf7df8f}+_
;DaGwL sfo{ ub}{ cfPsf]] aLdf :jtGq ;+rfns M >L O{Gb| k|;fb l;6f}nf -;/:jtLgu/, rfjlxn_
sDkgL ;+rfns M >L clgtf /fodfemL 608g -sdnfbL, sf7df8f}+_
%= o'gfO6]8 OG:of]/]G; -g]kfn_ ldlt @)%).)*.!% ut] sDkgL cWoIf M >L pbo s[i0f pkfWofo -d}h'axfn, rfalxn_
sDkgL ln=, yfkfynL, /lhi6«f/sf] sfof{nodf btf{ eO{ ;+rfns M >L a'4 sfhL >]i7 -sf=d=g=kf= !^, ksgfhf]n_
sf7df08f} lglh{jg aLdf ;DaGwL sfo{ ub}{ ;+rfns M >L dx]z /fh kGt -sf=d=g=kf= !^, ksgfhf]n_
cfPsf]] aLdf sDkgL ;+rfns M >L ;laGb| ;fu/ t'nfw/ -;fg]kf, nlntk'/_
;+rfns M >L b]j]z k|;fb nf]xgL -l8NnLahf/, sf7df08f}_
;+rfns M >L lg/h t'nfw/ -sf=d=g=kf= @%, sf7df08f}_
;+rfns M >L ljN;gdfg /+lht -l;tfkfOnf !%, 5fpgL_
:jtGq ;+rfns M /laGb| /fh kGt -rf}/L b]p/fnL uf=kf= *,
sfe|]knf~rf]s_
^= lk|ldo/ OG:of]/]G; -g]kfn_ ldlt @)%!.)!.@( ut] sDkgL cWoIf M >L ;'/]z nfn >]i7 -e};Lkf6L, nlntk'/_
sDkgL ln=, gS;fn, /lhi6«f/sf] sfof{nodf btf{ eO{ ;+rfns M >L laho s[i0f >]i7 - av'G8f]n, nlntk'/_
sf7df08f} lglh{jg aLdf ;DaGwL sfo{ ub}{ ;+rfns M >L /fh]z nfn >]i7 - Hfjnfv]n, nlntk'/_
cfPsf]] aLdf sDkgL ;+rfns M >L /fhg s[i0f >]i7 - lqk'/]Zj/, sf7df08f}+_
;+rfns M >L s]bf/ gf/fo0f dfGw/ - gFof ahf/, sf7df08f}+_
;+rfns M >L an/fd >]i7 - lvrfkf]v/L , sf7df08f}+_
:jtGq ;+rfns M dgf]h k|;fb /fhe08f/L - emlD;v]n, nlntk'/_
&= n'lDagL hg/n OG:of]/]G; ldlt @)^!.)(.)( ut] sDkgL cWoIf M >L dgf]x/ bf; d'n -yfkfynL, sf7df8f}+_
sDkgL ln=, 1fg]Zj/, /lhi6«f/sf] sfof{nodf btf{ eO{ ldlt ;+rfns M >L u0f]z /fh /]UdL -l8NnLahf/, sf7df8f}+_
sf7df08f} @)^@.)$.)@ b]lv lglh{jg aLdf ;+rfns M >L ljZj /fh /]UdL -dxfaf}¢, sf7df8f}+_
;DaGwL sfo{ ub}{ cfPsf]] aLdf ;+rfns M >L ch'{g /fh >]i7 -afg]Zj/, sf7df8f}+_
;+rfns M >L sdn e§/fO{ -afg]Zj/, sf7df8f}+_
sDkgL / k'a{ueg{/ lxdfno ;=h=af= ;+rfns M >L dw'/ nfn l;Gof+ -nugv]n, nlntk'/_
/fgf ;+:yfks cWoIf ePsf] :jtGq ;+rfns M clgn /fh e§/fO{ -afnfh', sf7df8f}+_
*= g]kfn OG:of]/]G; sDkgL ldlt @))$ ;fn b]lv lglh{jg aLdf cWoIf M >L ch'{g kf}8]n zdf{ -e/tk'/, lrtjg_
ln=, ;DaGwL sfo{ ub}{ cfPsf]] aLdf ;+rfns M >L nId0f kf}8]n -b/f}+ #, :ofËhf_
sdnfbL, sf7df08f} sDkgL / g]kfn a}+ssf] %! k|lt;t ;+rfns M >L lji0f' v]tfg cu|jfn -lqk'/]Zj/, sf7df08f}_
z]o/ /x]sf] ;+rfns M >L /f]dn s[i0f >]i7 -av'G8f]n, nlntk'/_
;+rfns M >L lbjfs/ kf}8]n -6f]vf, wfkf;L_
;+rfns M >L lji0f' axfb'/ lh=l;= -w'sf]{6 /h:yn $, u'NdL_
;+rfns M >L /fdx/L Gof}kfg] –cqf}+nL &, ;nf{xL_
(= lxdfnog hg/n OG:of]/]G; ldlt @)%) ;fn b]lv lglh{jg aLdf cWoIf M >L dx]Gb| s[i0f >]i7 -elgd08n, nlntk'/_
sDkgL ln=, aa/dxn, ;DaGwL sfo{ ub}{ cfPsf]] aLdf ;+rfns M >L las|d s[i0f >]i7 -dfgejg, nlntk'/_
sf7df08f} sDkgL / l;Ëfk'/ l:yt l:j/ afGnr ;+rfns M >L ljlht s[i0f >]i7 -hfpnfv]n, nlntk'/_
Pl;of ln= ;+u k'gaL{df /x]sf] ;+rfns M >L cho /Tg :yflkt -Hof7f, nlntk'/_
;+rfns M >LdtL g'/f s'df/L zdf{ -afg]Zj/ xfO{6, sf7df8f+}_
:jtGq ;+rfns M >L bz/y nfn >]i7 -s'dfl/kf6L, nlntk'/_

10
!)= lzv/ OG:of]/]G; sDkgL ldlt @)^!.)&.@^ b]lv lglh{jg
ln=, aLdf ;DaGwL ldlt @)^!.)@.!%
yfkfynL, sf7df08f} sfo{ ub}{ cfPsf]] g]kfnsf] !% cf}+
aLdf sDkgL
!!= k|e' -PnfPG;_ OG:of]/]G; ldlt @)%# ;fn b]lv lglh{jg aLdf
sDkgL ln=, ltgs'g], ;DaGwL sfo{ ub}{ cfPsf]] aLdf
sf7df08f} sDkgL / k|e' ;d'x, sd{rf/L
;+rosf]if, g]kfn ;/sf/ z]o/wgL
/x]sf]
!@= PgPnhL OG:of]/]G; sDkgL ldlt @)$% ;fn b]lv lhjg /
ln=, kfgLkf]v/L, sf7df08f} lglh{jg aLdf / ldlt @)^@ lglh{jg
aLdf ;DaGwL sfo{ ub}{ cfPsf]] aLdf
sDkgL / k|e' ;d'x, sd{rf/L
;+rosf]if, g]kfn ;/sf/ z]o/wgL
/x]sf]
!#= PgaL OG:of]/]G; sDkgL ldlt @)$%.!).!@ b]lv lglh{jg
ln=, lqk'/]Zj/, sf7df08f} aLdf ;DaGwL sfo{ ub}{ cfPsf]] aLdf
sDkgL]
!$= lb cf]l/o06n OG:of]/]G; lb cf]l/o06n OG:of]/]G; sDkgL ln=
sDkgL ln=, gofF lbNnLsf] zfvf tyf Eff/t
l8NnLahf/, sf7df08f} ;/sf/af6 ;+rfns dgf]lgt x'g]
!%= ;u/dfyf OG:of]/]G; ldlt @)%! ;fn b]lv lglh{jg aLdf
sDkgL ln=, gS;fn, ;DaGwL sfo{ ub}{ cfPsf]] aLdf
sf7df08f} sDkgL]
!^= Pe/]i6 OG:of]/]G; sDkgL ldlt @)%! ;fn b]lv lglh{jg aLdf
ln=, ;DaGwL sfo{ ub}{ cfPsf]] aLdf
xfQL;f/,sf7df08f sDkgL
!&= g]zgn OG:of]/]G; sDkgL g]zgn OG:of]/]G; sDkgL ln=,
ln=, sNsTtfsf] zfvf tyf Eff/t
lqk'/]Zj/, sf7df08f ;/sf/af6 ;+rfns dgf]lgt x'g]
!*= l;4fy{ OG:of]/]G; sDkgL ldlt @)%*.)#.)& b]lv lglh{jg
ln=, aa/dxn, sf7df08f aLdf ;DaGwL sfo{ ub}{ cfPsf]] aLdf
sDkgL]
!(= ;'of{ nfOkm OG:of]/]G; ldlt @)^$.!@.)^ ;fn b]lv lhjg
sDkgL ln= aLdf ;DaGwL sfo{ ub}{ cfPsf]] aLdf
sDkgL
cWoIf M >L /fh]Gb| k|;fb >]i7 -sf=d=g=kf= !#, sf7df8f}+_
;+rfns M >L /d]z s'df/ n'O{6]n -s';'lGt !#, :d[ltgu/, nlntk'/_
;+rfns M >L ;f}/e h=a= /f0ff -nlntk'/ (, ;'gfsf]7L_
;+rfns M >L lbg]z ah| ah|frfo{ -au}+rfdfu{, tfxfrn_
;+rfns M >L :sGb cdfTo -7lxl6 6f]n, sf7df8f}+_
:jtGq ;+rfns M >L l;l4dfg l;+x a:g]t -afa'/fd cfrfo{ ;8s_
cWoIf M >L s';'d nfdf -;fg]kf_
;+rfns M >L /fh]Gb| dNn -6f]vf_
;+rfns M >L s[i0f axfb'/ s'Fj/ -k'Nrf]s_
;+rfns M >L czf]s v8\uL -afuahf/_
;+rfns M >L cf]d s[i0f >]i7 -s=;=sf]if,nlntk'/_
;+rfns M >L /0fs]zj k|wfg -;fdfv';L_
;+rfns M >L /fhuf]kfn /fhe08f/L -u}/Lwf/f_
cWoIf M >L ljdn k|;fb jfUn] -rfjlxn &, sf7df8f}+_
;+rfns M >L e/t axfb'/ a:g]t -nlntk'/ !_
;+rfns M >L ;'/]; k|;fb vlq –ljzfngu/ $, sf7df8f}+_
;+rfns M >L dg axfb'/ /fO{ -s';'lGt, nlntk'/_
;+rfns M >L ldg axfb'/ ;fd/L -gFof ahf/, sf7df8f}+_
:jtGq ;+rfns M >L e/t s'df/ yfkf -skg !), sf7df8f}+_
cWoIf M >L x]d /fh 9sfn -r08f]n, sf7df08f}_
;+rfns M >L ;'/]z b]jsf]6f -;Nnfwf/L, eQmk'/_
;+rfns M >L of]u]Gb« /fO{ -lbQ]mn !!, vf]6fË_
;+rfns M >L l;tf/fd yfkf -lbQ]mn, vf]6fË_
;+rfns M >L s'df/ kf}8]n -b]jbx, ?kGb]xL_
;+rfns M >L /fh]Gb« l;+x e08f/L -kf6g, a}t8L_
cWoIf M >L cGuf/f e]gs6f lu/Lhf s'df/ -Eff/t_
;+rfns M >L d's]z s'df/ h}g -Eff/t_
;+rfns M >L nlnt s'df/ rG8]n -Eff/t_
;+rfns M >L d'lbtf ld> -Eff/t_
;+rfns M >L kGrfgfg gfos -Eff/t_
;+rfns M >L cl;d rfpnf -Eff/t_
;+rfns M >L lbg]z jfux]nf -Eff/t_
cWoIf M >L /fd s[i0f dfgGw/ -nflhdkf6, sf7df08f}+_
;+rfns M >L nf]s dfGo uf]N5f -uf]N5f xfp;, u0faxfn, sf7df08f}+_
;+rfns M >L l;åfy{ dl0f /fhe08f/L -sf=d=g=kf (_
;+rfns M >L clht s'df/ u'gjb{g] ->LnÍf_
;+rfns M >L kB Hof]lt - Hof]lt ejg, hdn_
;+rfns M >L s[lt s'df/ hf]zL -sdnkf]v/L, sf7df08f]+_
;+rfns M >L uh]Gb| nfn >]i7 -l;+axfn, nlntk'/_
:jtGq ;+rfns M >L lgd{nf b]lj dfgGw/ -afkmn, sf7df08f}+_
cWoIf M >L /flhj ;fksf]6f -l8NnLahf/ @(, sf7df8f}+_
;+rfns M >L e'jn /fO{ -xflQuf}+8f &, sf7df8f}+_
;+rfns M >L /fd k|;fb vgfn -l8NnLahf/ #), sf7df8f}+_
;+rfns M >L x]d /fh yfkf -a'9Lu+uf @, sf7df8f}+_
;+rfns M >L clGhnf lji6 lul/ -s'df/Lufn *, sf7df8f}+_
:jtGq ;+rfns M >L ;Demgf zdf{ -afu8f]n, nlntk'/_
cWoIf M >LdtL tlhGb/ d'v{hL -Eff/t_
;+rfns M >L hf]g k'lngyfg -Eff/t_
;+rfns M >L l;4fy k|wfg -Eff/t_
;+rfns M >L ;'lrGb« ld> -Eff/t_
;+rfns M ;'>L e'ldsf edf{ -Eff/t_
;+rfns M >L lzj/d0f dxfb]eg -Eff/t_
:jtGq ;+rfns M >L ;'wfs/ kfxL -Eff/t_
cWoIf M >L /tg nfn s]l8of -jL/u~h &, k;f{_
;+rfns M >L kjg s'df/ cu|jfn -sf=d=g=kf !!_
;+rfns M >L /fx'n cu|jfn -sf=d=g=kf !#_
;+rfns M >L /fd]Zj/ k|;fb a:ofn -sf=d=g=kf #!_
;+rfns M >L ;'ldt s'df/ s]l8of -sf=d=g=kf !#_
:jtGq ;+rfns M >L lgbfg /fh nfld5fg] -n]vgfy g=kf= #),
kf]v/f_
cWoIf M >L s]zj k|;fb e§/fO{ -sf=d=g=kf= ^, ;/:jtLgu/,
sf7df8f}+_
;+rfns M >L ljzfn cu|jfn -dWoafg]Zj/ #$, sf7df8f}+_
;+rfns M >L x]dGt gx6f -sf=d=g=kf= !, gS;fn, sf7df8f}+_
;+rfns M >L ljgf]b cfq]o -a'9flgns07 g=kf=, sf7df8f}+_
:jtGq ;+rfns M >L u+uf k|;fb zdf{ -sf=d=g=kf= (, u}l/ufFp,

11

@)= g]kfn nfOkm OG:of]/]G; ldlt @)%*.)!.@! b]lv lhjg aLdf
sDkgL ln= ;DaGwL sfo{ ub}{ cfPsf]] aLdf
sDkgL
@!= nfOkm OG:of]/]G; skf]{/]zg ldlt @)%& ;fn b]lv lhjg aLdf
-g]kfn_ ln= ;DaGwL sfo{ ub}{ cfPsf]] aLdf
sDkgL / %% k|ltzt nfOkm
OG:of]/]G; skf]{/]zg -ef/t_ sf] z]o/
/x]sf]
@@= g]zgn nfOkm OG:of]/]G; ldlt @)%% ;fn b]lv lhjg aLdf
sDkgL ln= ;DaGwL sfo{ ub}{ cfPsf]] aLdf
sDkgL
@#= u'/fF; nfOkm OG:of]/]G; ldlt @)^$.!@.!* b]lv lhjg aLdf
sDkgL ln= ;DaGwL sfo{ ub}{ cfPsf]] aLdf
sDkgL / b'u8 ;d'x / ;g\/fOh a}+s
z]o/wgL /x]sf]
@$= Pl;og nfOkm OG:of]/]G; ldlt @)^$.!@.@! b]lv lhjg aLdf
sDkgL ln= ;DaGwL sfo{ ub}{ cfPsf]] aLdf
sDkgL / dxfnIdL ljsf; a}+s /
u'x]Zj/L dr]{G6 a}lsË P08 kmf=ln=
z]o/wgL /x]sf]
@%= k|fOd nfOkm OG:of]/]G; ldlt @)^%.)@.@@ b]lv lhjg aLdf
sDkgL ln= ;DaGwL sfo{ ub}{ cfPsf]] aLdf
sDkgL
@^= /fli6«o aLdf ;+:yfg ldlt @)@$.)(.)! df :yfkgf eO
ldlt @)@$.!!.!! ;fn b]lv lglh{jg
aLdf / ldlt @)@(.!!.)& b]lv
lhjg aLdf ;DaGwL sfo{ ub}{ cfPsf]]
aLdf sDkgL]
@&= u'x]Zj/L dr]{G6 a}lsË P08 ldlt @)&%.!!.@@ b]lv lwtf]kq
kmf=ln= ;DaGwL sfo{ ub}{ cfPsf]] Unf]an
cfOPdO{ a}+s ln=sf] ;xfos sDkgL
. sDkgL P]g / lwtf]kq P]gdf
:yfkgf ePsf]
@*= Unf]an cfOPdO{ Soflk6n ldlt @)^% ;fn b]lv laQLo
ln= sf/f]af/ ;DaGwL sfo{ ub}{ cfPsf]] .
g]kfn /fi6« a}+saf6 Ohfht kfKt
@(= Unf]an cfOPdO{ a}+s ln= ldlt @)^$ ;fn b]lv a+}lsË ;DaGwL
sfo{ ub}{ cfPsf]] / sDkgL P]g /
g]kfn /fi6« a+}s P]gdf :yfkgf ePsf]
12
sf7df8f}+_
;+rfns M >L s[lt lta8]jfn -lqk'/]Zj/, sf7df08f}_
;+rfns M >L la/]Gb| afa' >]i7 -uf]Ëa', sf7df08f}_
cWoIf M >L uf]laGb nfn ;+3fO{ -sf7df8f}+_
;+rfns M >L /fd cjtf/ cu|jfn -sf7df8f}+_
:jtGq ;+rfns M >L sdn]z s'df/ cu|jfn -sf7df8f}+_
;+rfns M >L ljj]s cu|jfn -sf7df8f}+_
;+rfns M >L k|sfz d'Gwf/f -la/f6gu/_
;+rfns M >L ladn k|;fb 9sfn -sf7df8f}+_
;+rfns M kf?n 9sfn -sf7df8f}+_
cWoIf M >L Pd=cf/=s'df/ -d'DaO{, ef/t_
;+rfns M >L la=j]0f'uf]kfn -d'DaO{, ef/t_
;+rfns M >L nIdL k|;fb bf; -pl8+;f, ef/t_
;+rfns M >L czf]s s'df/ cu|jfn -sf7df8f}+_
;+rfns M >L s'df/ s]z/ lji6 -nlntk'/_
;+rfns M >L le=s]=s'S/]hf -d'DaO{, ef/t_
cWoIf M >L k|]df /fHo nIdL l;+x -w'Daf/fxL, sf7df8f}+_
;+rfns M >L z'l;n >]i7 -/fli6\|o jfl0fHo a}+s, xfn l/Qm /x]sf]_
;+rfns M >L /flha a= zfx -yfkfynL, sf7df8f}+_
;+rfns M >L kjg axfb'/ kf08] -r'gb]lj, sf7df8f}+_
;+rfns M >L ejfgL /f0ff -;fg]kf, nlntk'/_
;+rfns M >L s'nlbk z/0f l;+x -nugv]n, sf7df8f}+_
;+rfns M >L dx]Zj/ k|sfz >]i7 -l;tfkfOnf, sf7df8f}+_
cWoIf M >L ljj]s b'u8 -sf=d=g=kf= !, sf7df8f}+_
;+rfns M >L ljzfn tft]8 -sf=d=g=kf= !!, sf7df8f}+_
;+rfns M >L ck5 s'df/ ofbj -;g/fOh a}+s ln=_
:jtGq ;+rfns M >L lzj axfb'/ >]i7 -sf=d=g=kf= #%, sf7df8f}+_
;+rfns M >L ;f}/e b'u8 -sf=d=g=kf= !, sf7df8f}+_
;+rfns M >L d]3/fh kf}8\ofn -dxfnIdL g=kf= !, nlntk'/_
;+rfns M >L zDe' k|;fb ;'j]bL -dxfnIdL g=kf= !, nlntk'/_
cWoIf M >L lbks s'df/ >]i7 -uf}zfnf @, dxf]Q/L_
;+rfns M >L ;'zfGt rfrfg -lj/u+h &, k;f{_
;+rfns M >L ;'/]Gb| s'df/ uf]on -si0fgu/ #, slkna:t'_
;+rfns M >L lzNkf k|wfgfË -s'k08f]n, nlntk'/_
;+rfns M >L /la s'df/ u'Ktf -gS;fn, sf7df8f}+_
;+rfns M >L ;f}/e ?+u6f -cfbz{gu/, lj/u+h_
cWoIf M >L lko'; /fh cof{n -sf=d=g=kf= !_
;+rfns M >L lbk]z cdfTo -nlntk'/ !*_
;+rfns M >L /flhj k|;fb Kofs'/]n -lab'/ g=kf= !, g'jfsf]6_
;+rfns M >LdtL ;Gtf]if cu|jfn -sf=d=g=kf= #!_
;+rfns M >L ;'/h >]i7 -O6x/L g=kf=*, ;'g;/L_
;+rfns M >L ljsfz wf8]jf -nlntk'/ @_
cWoIf M >L wlg/fd zdf{ -g]kfn ;/sf/_
;+rfns M >L a;Gt /fh kf08] -g]kfn ;/sf/_
;+rfns M >L sla k|;fb kf7s -g]kfn ;/sf/_
;+rfns M >L dx]Zj/ nfn >]i7 -g]kfn /fi6« a}+s_
;+rfns M -g]kfn a}+s ln=_ xfn l/Qm /x]sf]
cWoIf M >L >Ldfg >]i7 -ledz]guf]nf, sf7df8f}+_
;+rfns M >L ;/f]lhlg >]i7 -av'08f]n, nlntk'/_
;+rfns M >L /]Zdf >]i7 -;fg]kf, nlntk'/_
;+rfns M >L /fh]z dfgGw/ -l8NnLahf/, sf7df8f}+_
:jtGq ;+rfns M >L lslt{ gfy df:s] -s'df/Lkf6L, nlntk'/_
cWoIf M >L sNof0f aGw' cof{n -lslt{k'/ !), sf7df8f}+_
;+rfns M >L dx]z zdf{ 9sfn -wfkf;L $, sf7df8f}+_
;+rfns M >L sdn k|;fb cof{n -;fdfv'zL, sf7df8f}+_
:jtGq ;+rfns M >L /d0f pk|]tL -rGb\|lu/L &, sf7df8f}+_
:jtGq ;+rfns M >L k|lbk clwsf/L -ljzfngu/ $, sf7df8f}+_
cWoIf M >L rGb| k|;fb 9sfn -sf=d=g=kf= $, dxf/fhuGh_
;+rfns M >L kjg s'df/ led;l/of -sf=d=g=kf= #!, afg]Zj/_
;+rfns M >L ;'b{;g s[i0f >]i7 -uf]+ua' *, sf7df08f}_
;+rfns M >L ;'dg kf]v|]n -n'e' *, nlntk'/_
;+rfns M >L g'dgfy kf}8]n -sf=d=g=kf= #, nflhdkf6_

#)= xfyj] OGe]i6d]06 g]kfn ldlt @)^%.!@.!$ ut] sDkgL
ln= /lhi6«f/sf] sfof{nodf btf{ eO{
nufgL Joj:yfkg ;DaGwL sfo{ ub}{
cfPsf]]
#!= cfOPdO{ ln= ldlt @)&!.)$.!@ ut] sDkgL
/lhi6«f/sf] sfof{nodf btf{ eO{
lab]zL d'b«f ;6xL ug{ / lab]zL d'b«f
ljk|]if0f ;DaGwL sfo{ ub}{ cfPsf]]
#@= ljzfn u|'k ln= ldlt @)%&.)$.@# ut] sDkgL
/lhi6«f/sf] sfof{nodf btf{ eO{
:jb]zL jf ljb]zL ;+3 ;+:yf tyf
JolQm ljz]if ;+u ldln ;]jfd'ns,
pBf]u Aoj;fo, ljlQo / ladf
;+:yfx?sf] :yfkgf / ;+rfng
;DaGwL sfo{ ub}{ cfPsf]]
##= >L 1fg ;]So"l/6Lh P08 ldlt @)&@.)^.!$ ut] sDkgL
OGe]i6d]06 k|f= ln= /lhi6«f/sf] sfof{nodf btf{ eO{
nufgL Joj:yfkg ;DaGwL sfo{ ub}{
cfPsf]]
;+rfns M >L s[i0f k|;fb zdf{ -sf=d=g=kf= !), afg]Zj/_
cWoIf M >L x]d/fh 9sfn -cdnfrf}/ $, jfUn'Ë_
k|aGw ;+rfns M >L clDasf k|= kf}8]n -wfkf;L %, sf7df8f}+_
;+rfns M >L gj/fh g]kfn -sNn]/L #, wflbË_
;+rfns M >L ;'/h s'df/ >]i7 -sf=d=g=kf= !#, sf7df8f}+_
:jtGq ;+rfns M >L sdn k|;fb cof{n -Go'dkf]v/f @, :ofËhf_
cWoIf M rGb« k|;fb 9sfn - sf=d=g=kf= $, r08f]n_
;+rfns M >L x]d/fh 9sfn - cdnfrf}/ $, jfUn'Ë_
;+rfns M ;'dg kf]v/]n - n'e' *, nlntk'/_
cWoIf M >L czf]s s'df/ cu|jfn -nflhDkf6 @, sf7df8f}+_
;+rfns M >L cg'h cu|jfn -nflhDkf6 @, sf7df8f}+_
;+rfns M >L ljzfn cu|jfn -nflhDkf6 @, sf7df8f}+_
cWoIf M >L g/]z b'u8 -gS;fn–!, sf7df08f}+_
;+rfns M >L s'd'b s'df/ b'u8 -;fgf]uf}r/0f #), sf7df08f}+_
;+rfns M >L ljsf; b'u8 –nfnsf]nf]gL dfu{ !, sf7df08f}+_

u_ ;+ul7t ;+:yfsf ;+rfnsx? cGo s'g} sDkgL, ;+:yf, sf]if, ;+u7g;Fu cfj4 eP To:tf] ;+rfns / cfj4 ePsf] ;+:yfsf]
gfd, 7]ufgf M
;~rfnsx?sf] cGo sDkgL, ;+:yf, sf]if, ;+u7g;+u cfj4 ePsf] tyf ;+nUgtfsf] ljj/0f b]xfo adf]lhd /x]sf] 5 .
qm=;+= Gffd cfj4 /x]sf] ;+:yfsf] gfd / 7]ufgf
!= dx]z s'df/ u'/fufO+{ -cWoIf_ Pd=lh=P;= P08 P;f]l;P6;\sf rf6{8 Psfp06]06
@= wlg/fd zdf{ -;+rfns_ g]kfn ;/sf/, 7"nf s/bftf ;]jf sfof{no
#= /d]z /fgf -;+rfns_ g]kfn af/ P;f]l;P;g
$= lbk k|sfz kf08] -;+rfns_ lzv/ OG;'/]G; s+ =ln=, l;l6hg nfOkm OG:of]/]G; s+= ln
%= k'?iff]Qd ;'a]bL -:jtGq lj1 ;+rfns_ cfj4 g/x]sf

o; sDkgLsf] ;+rfnsx? To:t} vfnsf cGo ;+ul7t ;+:yfx?df ;+rfns gePsf] olsg ul/Psf] / ;+rfnsx?sf] ;DaGwdf
;+rfnsx?af6 ;"lrs[t ;+Ël7t ;+:yfx?sf] ;+:yfut ;'zf;g ;DaGwL lgb]{lzsf, @)&$ cg';f/sf k|fjwfgx? tyf sDkgL
P]g, @)^# sf] bkmf *( sf] pkbkmf -!_ -5_ df pNn]lvt k|fjwfgx?sf] k"0f{ ?kdf kfngf ePsf] 5 .

3_ ;+:yfks÷;+rfnssf] xs x:tfGt/0f aGb]h ;DaGwL ljj/0f M

-s_ ;+:yfks z]o/sf] xs x:tfGt/0f g]kfn ;/sf/ jf aLdf ;ldlt jf cGo lgodgsf/L lgsfoaf6 ;do ;dodf hf/L
lgb]{zgsf] clwgdf /lx x'g]5 .
-v_ g]kfn ;/sf/ jf aLdf ;ldltsf] k"j{ :jLs[tL glnO{ ;+:yfks / ;j{;fwf/0f ;d"xsf] z]o/ :jfldTj cg'kft kl/jt{g ug{
kfO{g] 5}g .
-u_ aLdssf] ;+:yfks ;d'xsf z]o/wgLn] aLds btf{ k|df0fkq k|fKt ePsf] ldltn] sDtLdf kfFr -%_ aif{ ;Dd To:tf] z]o/ laqmL
ug{, lwtf]aGws /fvL C0f lng jf gfd;f/L ug{ u/fpg kfpg] 5}gg\ .
t/ aLdssf] ;+rfngdf s'g} jfwf Jojwfg pTkGg e} ljz]if kl/l:ylt ;[hgf x'g cfPdf ;ldltsf] k"j{ :jLs[tL lnO{
;+yfksx?n] cfk;df To:tf] z]o/ vl/b laqmL ug{ ;Sg]5g .
kfFr -%_ aif{ cjlw ;dfKt ePkl5 klg ;+:yfks ;d'xsf z]o/wgLn] ;+:yfks z]o/ vl/b laqmL ubf{ ;ldltsf] k"j{ l:js[lt
lng' kg]{5 .
-3_ ;j{;fwf/0fn] z]o/ vl/b ubf{ Go"gtd !) lsQf z]o/sf] nflu / clwstddf !) -bz_ cÍsf] u'0fg ;+Vof !),))) -b;
xhf/_ lsQf;Dd z]o/ vl/b ug{sf nflu cfj]bg lbg ;lsg]5 .
-ª_ k'gaL{dfsf] ;+rfns, sfo{sf/L k|d'v, n]vfk/LIfs, ;lrj jf k'gaL{dfsf sDkgLsf] Joj:yfkg tyf n]vf ;DaGwL sfo{df
k|ToIf?kn] ;+nUg JolQmn] To:tf] kbdf axfn /xFbfsf] jvt jf To:tf] kbaf6 cjsfz k|fKt u/]sf] sDtLdf Ps jif{;Dd
;DalGwt k'gaL{dfsf jf To;sf] ;xfos sDkgLsf] z]o/ cfˆgf] jf cfˆgf] kl/jf/ jf cfˆgf] jf cfˆgf] kl/jf/sf] lgoGq0fdf
/x]sf] kmd{, sDkgL jf ;+:yfsf] gfddf vl/b laqmL ug{, u/fpg, ug{ lbg, lwtf]aGws /fVg, /fVg nufpg jf bfg as; lng
lbg jf n]gb]g ug{ x'Fb}g . t/ gofF z]o/ hf/L u/]sf] cj:yfdf of] k|ltaGw nfu' x'g]5}g .
-r_ s;}n] v08 -ª_ ljkl/t sfd u/]df To:tf] z]o/ k'gaL{df sDkgLn] hkmt ug]{5 / To;/L hkmt ePsf] z]o/ ;~rfns
;ldltn] plrt 7x¥ofPsf] lsl;daf6 laqmL ljt/0f ug{ ;Sg]5 .

13
 -5_ z]o/ vl/b jf x:tfGt/0f ug{ aGb]h ;DaGwL cGo Joj:yf k|rlnt aLdf P]g -@)$(_, sDkgL P]g -@)^#_, lwtf]kq sf/f]jf/
;DaGwL sfg"g tyf cGo k|rlnt sfg"gdf pNn]v eP adf]lhd x'g]5 .
-h_ ælwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# sf] lgod -!)_ sf] pklgod -!_ df ePsf] Joj:yf cg'?k lwtf]kq ;fj{hlgs
lgisfzg ug{ ;Sg] u/L ;+:yflkt ;+ul7t ;+:yfsf ;j{;fwf/0f afx]s cGo ;d"x -;+:yfks / cGo ;d"x_ n] lnPsf] z]o/
;fj{hlgs lgisfzg u/]sf] z]o/ afF8kmfF8 ePsf] ldltn] tLg aif{sf] cjlw k"/f geO{ laqmL ug{ kfOg] 5}g .

-v_ ;+:yfks÷;+rfns;Fusf] sf/f]af/ M

-c_ ;+ul7t ;+:yfaf6 s'g} ;+:yfks÷;+rfnsn] k|ToIf jf ck|ToIf ?kdf s'g} j:t' jf ;'ljwf -cfly{s jf u}/cfly{s_ k|fKt
u/]sf jf k|fKt ug]{ ePdf To:tf] j:t' jf ;'ljwfsf] k|s[lt / d"No / To:tf] ;'ljwf lbP jfkt ;+ul7t ;+:yfn] s'g} ;DklQ,
;]jf k|fKt u/]sf] jf ug]{ ePdf tT;DaGwL ljj/0f M
k'gaL{df sDkgLsf ;~rfnsx?n] ;~rfns ;ldltsf] a}7s eQf afx]s cGo s'g}klg ;+:yfksn] o; ;+:yfaf6 k|ToIf jf
ck|ToIf ?kdf s'g} j:t' jf ;'ljwf -cfly{s jf u}/ cfly{s_ k|fKt u/]sf 5}gg\ / ;f] ;DaGwdf k'gaL{df sDkgLn] ;+:yfks
jf ;~rfnsaf6 s'g} ;Dklt jf ;]jf ;d]t k|fKt u/]sf 5}gg\ .
-cf_ a'Fbf -c_ df pNn]lvt a:t' jf ;'ljwfsf] d"No lgwf{/0f ug{ ckgfOPsf] tl/sf M ;f] gePsf] .

u=^= l;ldt bfloTj ;DaGwL ljj/0f M

o; k'gaL{df ;+:yf sDkgL P]g, @)^# tyf ladf P]g, @)$( cGtu{t :yflkt tyf ;~rflnt klJns lnld6]8 sDkgL xf] . o;df
z]o/wgLx?sf] bfloTj ;Lldt 5 . o; k'gaL{dfsf z]o/wgLx?sf] bfloTj lghn] vl/b u/]sf] jf vl/b ug{ saf]n u/]sf] z]o/sf]
clwstd /sd;Dd dfq ;Lldt /xg]5 .
u=&= ;+ul7t ;+:yfsf] sd{rf/L ;DaGwL hfgsf/L M
s_ ;+ul7t ;+:yfsf] pRr Joj:yfksLo txsf clws[t sd{rf/Lx? ;DaGwL ljj/0f M
-c_ ;+ul7t ;+:yfsf] pRr Joj:yfksLo txsf sd{rf/Lsf] gfd, of]Uotf, lgo'lQm ePsf] ldlt, klxn] sfd u/]sf] cg'ej tyf
;+ul7t ;+:yfsf] z]o/ lnPsf] eP z]o/ ;+Vof ;DaGwL ljj/0f . ;fy} To:tf sd{rf/Lx? cGo s'g} ;"lrs[t ;+ul7t ;+:yfsf]
cfwf/e"t z]o/wgL eP jf cGo s'g} ;+ul7t ;+:yfdf nufgL u/]sf] eP pQm ;+ul7t ;+:yfsf] gfd / nufgL u/]sf] /sd
v'nfpg' kg]{ .
;"lrs[t ;+ul7t
qm=;++ gfd tyf kb of]Uotf lgo'lQm ldlt cg'ej ;+:yfx?df /x]sf]
z]o/ ;+Vof
cf=j= @)$!÷$@ b]lv ljleGg ;+:yfsf]
g]kfn ;/sf/sf] @$,#!* lsQf
sfo{nodf / cf=j= ;fwf/0f z]o/ /x]sf]
@)$%÷$^ b]lv lt; aif{ .
z+s/ s'df/
/fli6«o jfl0fHo a}+s ln=df,
/fodfemL Pd=lk=P=,
!= @)&^÷)(÷!! ;f] cjlw leq Ps jif{
k|d'v sfo{sf/L Pd=P
cf/ljlj dr]{G6 a}lsË
clws[t
ln=df / cf=j=
@)&^÷&& b]lv g]kfn
k'gaL{df s+= ln= u/L
s/La #^ aif{sf] cg'ej
cf=j= @)%$÷%% b]lv Ps ljleGg ;+:yfsf]
aif{ aLdf sDkgL, Ps jif{ !$) lsQf ;fwf/0f
clVtof/ b'?kof]u z]o/ /x]sf] .
cg';Gwfg cfof]u ;lxt
bfdf]b/ e08f/L Pd=lk=P=,
@= @)&@÷)&÷!^ aLdf lgodgsf/L lgsfo -
gfoa dxfk|aGws Pd=P
jLdf ;ldtL_ / g]kfn
k'gaL{df s+= ln= u/L aLdf
If]qdf s/La @@ aif{sf]
cg'ej
n'lDagL hg/n
cf=j= @)@^÷@& b]vL OG;'/]G;sf] $@,*!@
cf=j= @)%)÷%! ;Dd ;+:yfks z]o/ /
z}n]Gb| s'df/ >]i7
#= Pd=sd= @)&@÷)$÷!^ /fli6«o aLdf ;+:yfg ;d]t cGo ;+:yfsf]
k'gaL{df ;Nnfxsf/
u/L aLdf If]qsf] %) !@,*^* lsQf
jif{sf] cg'ej ;fwf/0f z]o/ /x]sf]
.

14
 u'F/f; n3'ljQdf
cf=j= @)%)÷%! b]vL@%,@%) ;+:yfks
lai0f' k|;fb pkfWofo cf=j= @)&$÷&% g]kfn
z]o/ / cGo
$= Pd=aL=P= @)&%÷)@÷!^
k'gaL{df lj1 OG;'/]G;df u/L s/La @@
;+:yfsf] !@( lsQf
jif{ aLdf If]qsf] cg'ej
;fwf/0f z]o/ /x]sf]
.
ljleGg ;+:yfsf]
cf=j= @)&!÷)&@ b]vL
pHjn /fh cof{n Rff6{8 !,@!! lsQf
s/Lj $ jif{ o;
%= cfly{s k|zf;g PsfpG6]G6 @)&@÷)&÷!^ ;fwf/0f z]o/ /
sDkgLdf k|d'v n]vf tyf
k|d'v ,Pd=la=P= %)) lsQf l8a]Gr/
ljQ clws[t eO{ sfo{/t .
/x]sf] .
pNn]lvt pRr Joj:yfksLo txsf sd{rf/Lx? cGo s'g} ;+ul7t ;+:yfsf] cfwf/e"t z]o/wgL gePsf] tyf dfly pNn]v
ul/Psf] afx]s cGo s'g} ;+ul7t ;+:yfdf nufgL gu/]sf] .
;+ul7t ;++:yfsf sd{rf/Lx? cGo ;"rLs[t ;+ul7t ;+:yfsf] cfwf/e"t z]o/wgLsf] ?kdf /x]sf] jf sd{rf/Lx?n] cGo s'g}
;+ul7t ;+:yfdf u/]sf] nufgL ;DaGwL ljj/0f M o; k'gaL{df sDkgLsf s'g}klg sd{rf/Lsf] ;"lrs[t ;+ul7t ;+:yfdf !
k|ltzt jf ;f] eGbf a9L nufgL g/x]sf] .

-cf_ ljj/0fkq af]8{df k|:t't ug{' eGbf ! jif{ cufl8sf] cjlwdf lgod cg';f/ cjsfz k|fKt ePsf] cj:yf afx]s ;+ul7t
;+:yfsf] pRr Joj:yfksLo txdf /x]sf s'g} sd{rf/L kl/jt{g ePdf ;f] ;DaGwL ljj/0f pNn]v ug'{kg]{ M
sDkgLsf sfo{sf/L k|d'v >L lr/fo' e08f/Lsf] sfo{sfn ;dfKt eO{ ldlt @)&^÷)$÷)! df cjsfz lng'eP kZrftM o;
sDkgLsf k|d'v gfoj dxfk|aGws >L bfdf]b/ e08f/LnfO{ ;f]xL ldltb]lv sDkgLsf] lgldQ sfo{sf/L k|d'vsf] lhDd]jf/L
tf]lsPsf] . / ldlt @)&^÷)(÷!! b]vL sDkgLsf sfo{sf/L k|d'vdf >L z+s/ s'df/ /fodfemLn] sfo{sf/L k|d'vsf] lhDd]jf/L
lnb} sfo{ ub{} cfPsf] .

-O_ sd{rf/L ;+Vof M :yfoL, c:yfoL, s/f/, Hofnfbf/L / cGo -xfn ;Ddsf]_ laj/0f M
qm=;+= s'n sd{rf/L ;+Vof :yfoL c:yfoL k/LIf0f sfndf /x]sf s/f/ Hofnfbf/L cGo
! #% @! – – !$ – –

Gf]f6M cy{dGqfnosf] kq ;+Vof lj=If]=Jof=tyf ;+=;=@)&^÷&& r=g=%^# af6 lgb]{z ePadf]lhd sDkgLdf sfo{/t :yfoL
sd{rf/Lx?nfO{ ;j{;fwf/0fsf nflu 5'6\ofOPsf] z]o/ ;+Vof dWo]af6 #%)) lsQfdf ga9\g] ul/ z]o/ af+8kmf+8 ug]{ Joj:yf
ldnfO{Psf] .
v_ ;+rfns Pj+ pRr Joj:yfksLo txsf clws[tnfO{ lbPsf] eQf tyf kfl/>lds ;DaGwL ljj/0f M
-c_ ;+rfns ;ldltsf] cWoIf nufot cGo ;b:ox?nfO{ k|bfg ul/g] jf ul/Psf] j}7s eQfsf] b/ tyf lghx?nfO{ k|bfg ul/g] jf
ul/Psf] b}lgs tyf e|d0f eQf / cGo ;'ljwf M
;~rfnsx?n] kfpg] dfl;s kfl/>lds, a}7s eQf, b}lgs tyf e|d0f eQf / cGo ;'ljwfx? ;fwf/0f ;efn] tf]s] cg';f/
b]xfo adf]lhd /x]sf] 5 M
-!_ ;+rfns ;ldltsf] a}7sdf pkl:yt eP jfkt cWoIf / cGo ;+rfnsn] kfpg] k|lt a}7s eQf ?=#,)))÷– x'g]5 .
-@_ k'gaL{df sDkgLsf] sfdsf] l;nl;nfdf ;~rfnsn] e|d0f ubf{ k|bfg ul/g] b}lgs tyf e|d0f eQf lgodfjnLdf pNn]v eP
adf]lhd x'g]5 M
c_ :jb]zdf b}lgs eQf ?=$,)))÷–
cf_ ljb]zL d'n'sdf cd]l/sg 8n/ M cWoIf !&% cd]l/sL 8n/ / ;b:o !&% cd]l/sL 8n/ -ef/tsf] r]GgO{, x}b/fjfb,
j}+unf]/, d'DjO{, lbNnL, sf]nsftf / j+unfb]zsf] 9fsf / r6uFfp jfx]s cGo /ft latfpg' kbf{ dfyL pNn]lvt b/sf] %)
k|ltzt /sd_
O_ e|d0f eQf ljn adf]lhd .

-cf_ ;+ul7t ;+:yfsf] pRr Joj:yfklso txsf tLg hgf clws[tx?sf] gfd / kb / Ps cfly{s jif{sf] cjlwleq pgLx?nfO{
kfl/>ldssf] ?kdf e'Qmfg ul/Psf] /sd M
kfl/>lds /sd -?=_
qm+=;+= Gffd kb ->fj0f !, @)&$ b]lv cfiff9 #@,
@)&% ;Dd_
!= lr/fo' e08f/L cjsfz k|fKt k|d'v sfo{sf/L clws[t ?=$#,#%,!#(÷–
@= bfdf]b/ e08f/L lg= k|d'v sfo{sf/L clws[t ?=!&,*#,*%)÷–
#= z}n]Gb| s'df/ >]i7 k'gaL{df ;Nnfxsf/ ?=!$,$),)))÷–

15
 $= lji0f' k|;fb pkfWofo k'gaL{df lj1, sDkgL ;lrj ?=!,%*,#$&÷–

-O_ s'g} clws[t jf ;+rfnsnfO{ eljiosf] nflu s'g} /sd k|bfg ul/g] u/L s/f/ ul/Psf] eP ;f] ;DaGwL ljj/0f M ;f] gePsf] .

u=*= cGt{lglxt hf]lvd tyf ;f]sf] Joj:yfkgsf] nflu Joj:yfkgsf] wf/0ff M

cGtlglx{t hf]lvd / ;f] sf] Joj:yfkgsf] nflu Joj:yfkgsf] wf/0ff lgDgfg';f/ /x]sf] 5 .
s_ ljQLo ;fwgsf] cefjaf6 x'g] hf]lvdM
!_ g]kfndf lghL{jg aLdf Joj;fo ljsf;sf] qmddf /x]]tfklg aLds sDkgLx?n] l;ldt dfqdf k'gaL{df ug]{ ub{5g\ .
h;n] ubf{ k'gaL{dfsf] Joj;fosf] cfodf sld cfp+g ;Sg] hf]lvd .
@_ ;do ;dodf x'g] b}ljs k|sf]k h:t}– cfFwLj]/L, e'sDk, af9L, klx/f], cGo sf/0fn] x'g] cfly{s Ifltdf ;+:yfsf] aLdf
bfloTj cgk]lIft ?kdf a9\g] hf]lvd .
#_ ljQLo >f]tsf] cefjjf6 nufgLsf] bfo/f ;+s'lrt x'g;Sg] hf]lvd .

Vf_ sRrf kbfy{sf] cefjaf6 x'g] hf]lvd M nfu' gx'g] .

u_ pTkfbg jf ;]jfsf] ahf/sf] l:ylt / o;df cfpg] kl/jt{gaf6 x'g] hf]lvd M

!_ gofF aLdf sDkgLx?nfO{ Ohfht kq lbg] s|d hf/L /x]sf]n] aLdf sDkgLx?sf] ;+VofTds j[4Lsf] sf/0f aLdf
sDkgLx?sf] cfodf Xf; cfp+bf o; sDkgLsf] cfodf ;d]t sdL x'g ;Sg] hf]lvd .
@_ g]kfndf cGo :jb]zL tyf ljb]zL k|ltikwL{ k'gaL{df sDkgL ;+rfngdf g/x]sf] t/ cfufdL lbgdf :jb]z jf ljb]zaf6
gofF k'gaL{df sDkgLsf] k|j]zn] hf]lvd ;[hgf x'g ;Sg] .

3_ cfof]hgf ;DkGg x'g l9nfO{ x'g] ;Defjgf / To;af6 x'g] d"No clej[l4 (Cost Overrun) sf] hf]lvd M nfu" gx'g] .

ª_ ljb]zL ljlgdosf] M
!_ o; sDkgLn] ljb]zL aLdf tyf k'gaL{df sDkgLx?sf] aLdfÍdf ;d]t k'gaL{df ul/x]sf] 5 . ljb]zL d'b|fdf x'g] aLdfÍdf
ljb]zL ljlgdo b/ kl/jt{gsf] hf]lvd /x]sf] .
@_ ljb]zL ljlgdo sf/f]af/ ubf{ ljlgdo b/df x'g] kl/jt{gaf6 x'g;Sg] hf]lvdx?nfO{ Joj:yfkg ug{ cfjZos pkfox?
cjnDag ul/g] 5 .

r_ sfg"gL k|lqmofx? tyf Ohfhtk|fKt ug'{kg]{ eP ;f]af6 kg{;Sg] cj/f]wx? M

sfg"gL k|lqmofx? tyf Ohfhtk|fKt ug'{kg]{ ljifodf eljiodf s'g} pNn]Vo cj/f]w kg]{ gb]lvPsf] .

5_ If]qLos/0f / ljZj JofkLs/0f (Globalization) sf sf/0faf6 pTkGg x'g ;Sg] hf]lvd M

cGt/f{li6«o tyf If]qLo ahf/df x'g] ptf/r9fjn] g]kfnL ahf/df kg{;Sg] c;/af6 x'g;Sg] cfly{s hf]lvdx? .
!_ o; k'gaL{df sDkgL d'Votof k'gaL{df ul/g] cGt/f{li6«o Jofkfl/s sf/f]jf/x?df ;+nUg /xg] x'gfn] o:tf Jofkf/;Fu
cGt/lglxt ljZj tyf If]qLo ahf/df j:t' tyf ;]jfsf] d"Nodf cfpg] ptf/ r9fj Pj+ ljlgdo b/sf] kl/jt{gaf6
x'g;Sg] hf]lvdx?nfO{ ;xhtfsf ;fy Joj:yfkg ug{ ;Ifd /x]sf] 5 .

@_ g]kfnsf] Ps k|d'v ljb]zL ljlgdosf] >f]t j}b]lzs /f]huf/ ePsf] x'+bf b]zsf] j}b]lzs ljlgdo ;+lrtL, e'QmfgL
;Gt'ng Pj+ cfly{s l:y/tfdf c;/ kg{ ;Sb5 / o;af6 kg{;Sg] ck|ToIf c;/x?nfO{ o; sDkgLn] cfˆgf]
k'gaL{dfÍssf] kf]6{kmf]lnof]sf] cGt/f{li6«o :t/sf] ef/ d'Nof+sg (Stress Testing) nufot cGo aLdf ;DaGwL sfo{ljwL
cg';/0f u/L hf]lvd Joj:yfkg ug]{5 .

#_ ljZj ahf/df o; sDkgLsf] lx:;f sd ePsf] sf/0fn] ljZjJofkLs/0faf6 xfd|f] Joj;fodf s'g} gf]S;fgL Joxf]g'{kg]{
cj:yfdf o; sDkgLsf] hf]lvd w]/} Go"g x'g] cg'dfg u/]sf 5f+} .

h_ ;/sf/L gLlt tyf lgodx?df x'g] kl/jt{g tyf ljZjJofkL ?kdf x'g] gLltut kl/jt{gaf6 pTkGg x'g] hf]lvd M
!_ aLdf ;ldlt Pj+ cGo lgofds lgsfox?n] ;do ;dodf hf/L ug]{ lgb]{zg jf lgodx?n] ;du| aLdf If]q Pj+ o;
k'gaL{df sDkgLnfO{ ;d]t c;/ kg{ hfg] x'G5 . xfdLn] k|rlnt P]g, lgod Pj+ lgb]{zgsf] kl/kfngfnfO{ pRr
k|fyldstfdf /fVg] u/]sfn] o:tf gLlt tyf lgodx?sf] kl/jt{gaf6 7"nf] gsf/fTds c;/ gkg]{ ck]Iff u/]sf 5f}+ .

@_ d'b|f lgd{nLs/0f /f]syfdsf nflu g]kfn ;/sf/ tyf aLdf ;ldtLaf6 ;do ;dodf hf/L Pj+ kl/jt{g x'g] gLlt
lgodx? kfngf ug{ xfdL k|ltj4 /x]sf] 5f}+ . ;f]sf nflu xfdLn] cfjZos ;+oq ljsf; ul/ sd{rf/Lx?nfO{ tflnd
dfkm{t ;Ifd agfpg] gLlt lnPsf 5f}+ .

16
em_ ;+rfng Oltxf;sf] cefj M o; k'gaL{df sDkgL ldlt @)&@ b]vL cfkmgf] cfwf/e"t sfo{ ;~rfng u/]sf]n] s/La $ -
rf/_ aif{sf] cjwLdf plrt dfqfdf cg'ej xfl;n u/]sf]n] ;+rfng Oltxf;sf] cefjaf6 x'g] hf]lvd Go"g /x]sf]] .

`_ k|ljlwsf] kl/jt{gaf6 x'g;Sg] hf]lvd M

k|ljlwsf] kl/jt{gaf6 x'g;Sg] hf]lvd / To:tf hf]lvd Go"g ug]{ ;DaGwdf ul/ cfPsf kxn tyf efjL of]hgf b]xfo
adf]lhd /x]sf] 5 .
k|ljlwsf] kl/jt{gjf6 x'g;Sg] hf]lvd Go"lgs/0f ;DaGwdf
hf]lvd Go"lgs/0fsf pkfo
hf]lvd efjL of]hgf
– k|ljlwdf 5l/tf]kgf Nofpg] / k|ljlwsf]
gofF k|ljlwnfO{ ;do ;fk]If ?kdf ;/nLs[t pkof]u . cfufdL jif{x?df k|fljlws
u|x0f ug{ g;s]sf] cj:yfdf – s]lGb|s[t k|0ffnL tyf ;femf k|ljlwx?df ljsf; tyf sfo{qmdx?df yk
x'g;Sg] hf]lvd . ;xeflutf . nufgL ub}{ hfg] .
–gofF k|ljlwx?sf] vf]h .
– ;"rgf ;'/Iff tyf tYof+s Joj:yfkg
/0fgLltsf] cjnDjg .
;"rgf ;+hfnsf hf]lvdx? -h:t}M – hf]lvdx?af6 k|fljlws ;+/rgfx?df kg{
;"rgf ;+hfn ;'/Iffsf gofF
dfnj]o/, cgflws[t k|of]u, hfg] k|efjsf] lgwf{/0f tyf ;'/Iffsf] k|aGw
k|ljlwx? ckgfO{ k|fljlws
XoflsË, unt k|of]u, ;fdflhs .
dhj't agfpFb} nlug] .
;+hfnsf] cgflws[t k|of]u_ – ;'k/Lj]If0f, lgu/fgL / lgjf/0fsf]] ;fdYo{ .
– ;"rgf tyf ;+hfn ;'/Iff hf]lvd Joj:yfkg
ug{ lj1 Pj+ ljz]if1x?;Fu lgs6 ;dGjo .
– k|ljlwsf] cfw'lglss/0f .
– s]Gb|Ls[t ;]jfsf] lg/Gt/ lgu/fgL .
kl/jt{g Joj:yfkgsf]
aLdf ;DaGwL k|ljlwdf cfpg;Sg] – k|ljlw pkof]u k"j{ k/LIf0f .
:jrflnt ljlwnfO{ ;jnLs/0f
cl:y/tfsf] hf]lvd . – ;/lns[t tyf kf/bzL{ kl/jt{g Joj:yfkg
ug]{ .
ljlw
– l8hf:6/ l/se/L Ifdtfsf] clej[l4

-6_ cGo MlgDg pNn]lvt hf]lvdx?sf] k|efjsf/L Joj:yfkg ug{ g;s]sf] cj:yfdf k'gaL{dfsf] hf]lvd jxg ug]{ Ifdtf Pj+
Jofj;foLs, cfly{s Pj+ ;+rfng glthfdf c;/ kg{ hfg]5 .

 b]zsf] /fhgLlts cl:y/tfaf6 ;+rfng tyf ljQLo cj:yfdf kg]{ hf]lvd .

 ljleGg aLdf sDkgLx?df em'6f] Ifltsf] ljj/0f k]z ul/ aLdf bfaLsf] sf/0fn] cfDbfgL ;+s'rg x'g] hf]lvd .
 Af}s tyf lalQo ;+:yfsf] lgIf]ksf] Jofhb/ 36gfn] nufgLaf6 x'g] Jofh cfDbfgLsf] ;+s'rg hf]lvd .
 k"FhL ahf/df cfpg] lu/fj6sf] sf/0f k'gaL{df sDkgLsf] nufgLsf] d"Nodf Xf; cfpg] hf]lvd .
 ;/sf/L ;'/If0fkqx?sf] Jofhb/df cfpg] kl/jt{gaf6 k'gaL{dfsf] cfDbfgL ;+s'rg x'g] hf]lvd .
 sfo{;+rfng hf]lvd (Operational Risk) af6 x'g;Sg] xfgL gf]S;fgL .
 ;DklQ z'4Ls/0f nufot ljQLo ck/fw ;DaGwL hf]lvdaf6 x'g;Sg] xfgL gf]S;fgL .
 k|fs[lts k|sf]k -e'sDk, af9L÷klx/f] cfbL_sf] sf/0faf6 Joj;fodf cfpg] k|efj tyf aLdfbfjLdf j[¢L x'g] hf]lvd .

o; k'gaL{df sDkgLn]] ljutb]lv g} hf]lvd Joj:yfkgsf] If]qdf ub}{ cfO/x]sf] pTs[i6 k|bz{g, u'0f:t/Lo k'gaL{dfsf]
kf]6{kmf]lnof], hf]lvd lgu/fgL Pj+ lgoGq0f ljlwsf] cjnDjg tyf s'zn Pj+ tTk/tfsf ;fy hf]lvd Joj:yfkg ug]{ gLlt
cjnDjg ug]{ u/]sf sf/0f ;+rfng Pj+ ljQLo cj:yfdf pk/f]Qm hf]lvdx?af6 pNn]Vo c;/ kg{ hfg] b]lv+b}g . k'gaL{df
sDkgLn] klxrfg u/]sf ;DefJo hf]lvdx? Joj:yfkg tyf Go'lgs/0f ug{ ljleGg hf]lvd tyf ;'zf;g ;ldltx?df
cfjZostf cg';f/ 5nkmn ub}{ cfjZos Go"lgs/0fsf pkfox? cjnDag ub}{ cfPsf] .

pk/f]Qmfg';f/sf] hf]lvdx?nfO{ Go"g jf Joj:yfkg ug]{ ;DaGwdf Joj:yfkgsf] of]hgf M k'gaL{df sDkgLn] aLdf ;ldltsf]]
lgb]{zg tyf k'gaL{df sDkgLsf] gLlt lgodsf] clwgdf /lx cfGtl/s lgoGq0f k|0ffnLnfO{ dha't agfO{ cfjZos gLlt tyf
sfo{ljlwx? dfkm{t ljleGg hf]lvdx? Joj:yfkg ul/ sDkgLnfO{ pTs[i6 Pj+ ;jn?kdf ;+rfng ul/ nufgLstf{x?sf] lxtsf]
;+/If0f ub}{ cfPsf] 5 . o;sf ;fy}, k'gaL{df sDkgLdf /x]sf] hf]lvd Joj:yfkg ljefun] :jtGq ?kdf hf]lvdx?sf] klxrfg
ul/ ltgsf] k|efjsf/L ?kdf lgoGq0f tyf Joj:yfkg ug]{ sfo{ ug'{sf ;fy} ;do ;dodf hf]lvd lgoGq0fsf] If]qdf eP
u/]sf sfo{x?sf] k'g/fjnf]sg ;d]t ug]{ u/]sf] 5 . k'gaL{df tyf nufgL;FUf ;DalGwt hf]lvdx?, s'g}klg Joj;fo Ufbf{
;fdgf ug'{kg]{ cGo cGtlg{lxt hf]lvdx? nufot ahf/ / gub Aoj:yfkg, sfo{;+rfng, Joj:yfkg / k|lti7f h:tf k'gaL{df

17
 sDkgLsf] Joj;fo;FUf ;DalGwt hf]lvdx?nfO{ k'gaL{df sDkgLn] hf]lvd Joj:yfkg ;+/rgfåf/f ;ts{tfk"j{s Joj:yfkg ug]{
u/]sf] 5 . hf]lvd Joj:yfkgsf nflu k'gaL{df sDkgLn] cjnDag u/]sf l;4fGtx? lgDg pNn]lvt 5g\ M

 Hff]lvd / k|ltkmn lar ;Gt'ng .

 cg'zfl;t / ;+oldt hf]lvd jxg .
 clVtof/k|fKt ;ldlt tyf JolQmx?sf] :jLsl[t kZrft\dfq hf]lvd u|x0f tyf ;f]sf] Joj:yfkgsf nflu plrt ;+/rgf
tyf ;fwgx?sf] pknAwtf .
 efjL hf]lvdx?sf] k"jf{g'dfg tyf hf]lvdx?sf] pko'St hfgsf/L .
 k|ltikwf{Tds Ifdtf clej[l4sf nflu hf]lvdx?sf] s'zn tyf k|efjsf/L Joj:yfkg Pj+ lgoGq0f .

k'gaL{df sDkgLn] hf]lvd lgoGq0fsf] If]qdf cjnDjg u/]sf dfly pNn]lvt gLlt Pj+ pkfox? kof{Kt gx'g ;Sb5g\ o;y{
pNn]lvt ljlwx?n] k'gaL{df sDkgLsf] hf]lvdnfO{ k"0f{?kdf lgd'{n kfg{ g;s]tf klg Go"lgs/0f ug{ ;kmn x'g] ljZjf; lnPsf
5f}+ .
;fy}, o; k'gaL{df sDkgLsf] ef}lts ;DklQx?sf] ljleGg -cfunfuL, r6\ofª, e'sDk, x'/Latf;, af9L tyf hndUg, x"nb+uf,
cft+sjfb l/;OjLk'0f{ sfo{_ hf]lvd axg ug{ u/L aLdfÍ ?= &*,$%,*)).– sf] >L cf]l/o06n OG:of]/]G; sDkgL lnld6]8af6
aLdf u/LPsf] 5 . xfn sfod /x]sf] aLdfsf] j}wtf ldlt O{=;+= @)@).)#.!& ;Dd sfod /x]sf] 5 .

lwtf]kqsf]] d"No kl/jt{g ;DaGwL hf]lvd M ?=!))÷– k|lt z]o/sf b/n] lgisfzg ul/Psf] z]o/ d"Non] ;"rLs/0f kZrft\
lwtf]kqsf] bf];|f] ahf/df x'g] sf/f]jf/n] z]o/ d"Nodf x'g;Sg] kl/jt{gsf] hf]lvd /x]sf] 5 .

u=(= ljQLo ljj/0f M

-s_ ljQLo ljj/0f / tT;DaGwdf Joj:yfkgsf] wf/0ff / ljZn]if0f M
c_ ;+ul7t ;+:yfsf] n]vfk/LIf0f ePsf] kl5Nnf] cfly{s jif{sf] jf;nft, gfkmf gf]S;fg lx;fa, gfkmf gf]S;fg afF8kmfF8
lx;fj, gub k|jfx ljj/0f M
sDkgLsf] cf=j= @)&$÷&% sf] jf;nft, gfkmf–gf]S;fg lx;fa, gfkmf–gf]S;fg afF8kmfF8 lx;fa tyf gub k|jfxsf]
ljj/0f lgDgfg';f/ 5 M–
Plss[t jf;nft -cfiff9 #@, @)&%_
;DklQ c;f/ #@, @)&% -?= xhf/df_
;DklQ, d]l;g / pks/0f 531,332
cb[io ;DklQ 77
OCI dfkm{t ljlQo ;DklQ 264,939

gfkmf gf]S;fg lx;faaf6 ljlQo ;DklQ –

kl/zf]wg nfutdf ljlQo ;DklQ 8,930,070

cGo ljlQo ;DklQ 102,492

lng afFsL aLdf z'Ns 2,080,478
cGo lng afFsL z'Ns 93,526
s/ ;DklQ 889,305
:yug s/ ;DklQ 11,619
gub / gub ;dfg 122,455

s'n ;DklQ 13,026,293

–
bfloTj
–
s/ bfloTj
–
:yug s/ bfloTj
aLdf s/f/ bfloTj 2,242,486
e'QmfgL lbg'kg]{ k'gaL{df z'Ns 249,219
sd{rf/Lsf] ;'lawf 5,051
cGo bfloTj 207,388

18
Joj:yfx? 169,171
s'n bfloTj 2,873,316
z]o/wgLsf] sf]if
z]o/ k"FhL 7,177,500
;l~rt cfo 1,076,457
aLdf sf]if 1,113,640
dxf ljkQL hu]8f 348,926
cGo hu]8f 436,453
s'n z]o/wgLsf] sf]if 10,152,977
s'n bfloTj / z]o/wgLsf] sf]if 13,026,294

Plss[t Gffkmf gf]S;fg tyf afF8kmfF8 lx;fj -cfiff9 #@, @)&%_

ljj/0f c;f/ #@, @)&% -? xhf/df_
s'n k|Lldod 4,235,314
hf]lvd x:tfGt/0f k|Lldod 910,930
v'b k|Lldod 3,324,384
cGo cfo –
sld;g cfDbfgL 319,532
nufgL cfDbfgL 782,957
cGo aLdf ;DalGwt cfo 233,155
Joj:yf ckn]vg –
hDdf cfo 4,660,030
bfjL /sd e'QfgL 1,490,746
k'gaL{dfaf6 k|fKt bfjL /sd 429,811
v'b kmfObf / bfjL 1,060,934
aLdfsf] s/f/ bfloTjsf] kl/jt{g 288,871
sld;g vr{ 1,214,705
cGo aLdf ;DalGwt vr{ 434,816
;]jf z'Nssf] vr{ 37,301
sd{rf/L ;DaGwL vr{ 141,574
k|zf;lgs vr{ 30,036
ljQ nfut 12
ljb]zL ljlgdosf] gfkmf÷-gf]S;fg_ –
;DklQ laqmLaf6 gf]S;fg -116_
xflg gf]S;fgL -Impairment losses_ –
Xf; s§L tyf kl/zf]wg 3,751
hDdf bfaL e'QmfgL / cGo vr{ 3,211,887
s/ cl3sf] gfkmf 1,448,142
s/ vr{ 440,498
v'b gfkmf 1,007,643

Plss[t Gffkmf gf]S;fg afF8kmfF8 lx;fj -cfiff9 #@, @)&%_

ljj/0f c;f9 #@, @)&% -?=xhf/df_
v'b gfkmf !,))&,^$#
Acturial gfkmf ÷-gf]S;fg_ -!*_
;DklQ, d]l;g / pks/0fdf k'gd"Nof+sg @#,*@)
nufgLdf jf:tljs d"Nodf ePsf] kl/jt{g -@),!^#_
OCI ;+u ;DalGwt cfo s/ ^,)$#
nufgLdf ePsf] ck|fKt gfkmf ÷-gf]S;fg_ –
j}b]lzs sf/f]af/sf] ljlgdoaf6 gfkmf ÷-gf]S;fg_ –

19
OCI ;+u ;DalGwtcfo s/ –
s/ k5Lsf] s"n lj:t[t aflif{s cfo !,)!&,#@%
lgoGq0f aflx/sf ;/f]sf/jfnfnfO{ ltg'{kg{] –
g]kfn k'gaL{dfsf z]o/wgLnfO{ ltg'{kg{] !,)!&,#@%

gub k|jfxsf] ljj/0f -cfiff9 #@, @)&%_

sf/f]af/ ;+rfngaf6 gub k|jfx c;f/ #@, @)&% -? xhf/df_
v'b gfkmf 1,007,643
;dfof]hg :
s/sf] Joj:yf 436,943
:yug s/ ;DklQ 3,555
Xf; s§L 3,751
nufgLaf6 cfDbfgL -782,957_
Joj:yf ckn]vg –
s/ lt/]sf] -877,260_
nfef+z Joj:yf 115,128
;DklQ laqmLaf6 gfkmf -116_
nfef+z e'StfgL -3,920_
cl3Nnf] aif{sf] ;dfof]hg -814_
rfn' ;DklQ / bfloTjdf kl/j{tg –
labfdf ;dfof]hg (Actuarial
Remesurement) -248_
sd{rf/L nfe nfut (vehicle scheme
cost) 89
cGo ;DkQL -72,025_
lng afFsL aLdf z'Ns -525,990_
cGo lng afFsL z'Ns -7,857_
Dofb /x]sf] hu]8f vr{ 288,871
e'StfgL lbg'kg]{ k'gaL{df z'Ns -18,407_
sd{rf/L] ;'lawf 2,400
cGo bfloTj 35,250
sf/f]af/ ;+rfngaf6 v'b gub k|jfx -395,964_
nufgL ultljlwaf6 gub k|jfx
l:y/ ;DklQdf kl/j{tg -j[l4_÷sdL -10,492_
d'2tL tyf C0fkqdf nufgL -j[l4_÷sdL -2,320,000_
z]o/ nufgLdf -j[l4_÷sdL -190,200_
nufgLaf6 cfDbfgL -j[l4_÷sdL 782,957
nufgL ultljlwaf6 v'b gub k|jfx -1,737,735_
ljQLo ;|f]t sf/f]jf/af6 gub k|jfx
z]o/ k"FhLdf j[l4 ÷-sdL_ 2,177,500
nfef+z e'QmfgL j[l4 ÷-sdL_ –
bL3{sflng C0fdf j[l4 ÷-sdL_ –
cGo v'b kl/j{tg –
ljQLo ;|f]t sf/f]jf/af6 v'b gub k|jfx 2,177,500
o; aif{sf] ;Dk"0f{ ultljlwaf6 gub k|jfx 43,800
gub / gub ;dfg z'?sf] df}Hbft 78,654
gub / gub ;dfg clGtd df}Hbft 122,454

20
cf_ ;~rfng cjlw tLg jif{ JotLt e};s]sf] cj:yfdf ljut tLg jif{sf] / tLg jif{ Joltt e}g;s]sf] cj:yfdf ;~rfng
cjlwe/sf] n]vfk/LIf0f ePsf] gfkmf gf]S;fg, jf;nft ;lxtsf] ;+lIfKt ljQLo ljj/0f -;xfos sDkgL eP ;dli6s[t ?kdf_
M g]kfn k'g{ladf sDkgLsf] cf=a=@)&@÷&#, @)&#÷&$ / @)&$÷&% ;Ddsf] n]vfk/LIf0f ePsf] tyf @)&^ cfiff9
d;fGtsf] n]vfk/LIfsaf6 -afXo tyf cfGtl/s_ kl/If0f gePsf] ckl/is[t jf;nft / gfkmf gf]S;fgsf] ljQLo ljj/0f b]xfo
adf]lhd /x]sf] 5 .
jf;nft -?=xhf/df_
c;f( 31, c;f( 31, c;f( 32, c;f( 31,
;DklQ 2073 2074 2075 2076*
;DklQ, d]l;g / 459,764 503,454 531,332 533,523
pks/0f
cb[io ;DklQ 129 103 77 40
OCI dfkm{t ljlQo
128,334 94,901 264,939 265,944
;DklQ
gfkmf gf]S;fg
– – – –
lx;faaf6 ljlQo
;DklQ
kl/zf]wg nfutdf 5,249,949 6,610,070 8,930,070 11,320,100
ljlQo ;DklQ
cGo ljlQo ;DklQ 1,470 7,160 102,492 72,430

lng afFls aLdf z'Ns 1,130,597 1,554,487 2,080,478 3,790,318

cGo lng afFls z'Ns 39,334 85,668 93,526 481,635

s/ ;DklQ 225,459 448,988 889,305 1,161,619

:yug s/ ;DklQ 22,749 9,131 11,619 18,302

gub / gub ;dfg 257,622 78,654 122,455 265,262

s'n ;DklQ 7,515,412 9,392,620 13,026,293 17,909,178

– – –
bfloTj –
– – –
s/ bfloTj 174,332
– – –
:yug s/ bfloTj –

aLdf s/f/ bfloTj 568,822 1,953,614 2,242,486 3,769,274

e'StfgL lbg'kg]{ 533,601 267,627 249,219 419,307
k'gaL{df z'Ns
sd{rf/Lsf] ;'lawf 798 2,651 5,051 6,567

cGo bfloTj 71,817 94,392 207,388 677,634

Joj:yfx? 73,015 116,183 169,171 298,432

s'n bfloTj 1,248,055 2,434,468 2,873,316 5,345,547

z]o/wgLsf] sf]if
z]o/ k"FhL 5,000,000 5,000,000 7,177,500 8,400,000

;lGrt cfo 333,092 621,020 1,076,457 1,611,836

aLdf sf]if 428,799 683,851 1,113,640 1,584,599

dxf ljkQL hu]8f 147,019 223,312 348,926 523,052

cGo hu]8f 358,445 429,967 436,453 444,142

21
 s'n z]o/wgLsf] sf]if 6,267,357 6,958,152 10,152,977 12,563,630
s'n bfloTj / 7,515,412 9,392,620 13,026,294 17,909,178
z]o/wgLsf] sf]if

gfkmf gf]S;fg lx;fj -?=xhf/df_

ljj/0f c;f( 31, 2074 c;f( 32, 2075 c;f( 31, 2076

s'n k|Lldod 3,441,195 4,235,314 7,194,178

hf]lvd x:tfGt/0f k|Lldod 589,375 910,930 1,666,769

v'b k|Lldod 2,851,820 3,324,384 5,527,409

– – –
cGo cfo
sld;g cfDbfgL 200,446 319,532 310,557

nufgL cfDbfgL 420,106 782,957 1,087,762

cGo aLdf ;DaGwLt cfo 531,520 233,155 27,281

– –
Joj:yf ckn]vg 586,268

hDdf cfo 4,004,480 4,660,030 6,953,010

bfjL /sd e'QfgL 574,519 1,490,746 2,097,670

k'gaL{dfaf6 k|fKt bfjL 117,524 429,811 430,288
/sd
v'b kmfObf / bfjL 456,995 1,060,934 1,667,381
aLdfsf] s/f/ bfloTjsf] 1,384,792 288,871 1,526,787
kl/jt{g
sld;g vr{ 800,365 1,214,705 1,624,589

cGo aLdf ;DalGwt vr{ 275,585 434,816 168,137

;]jf z'Nssf] vr{ 31,401 37,301 55,274

sd{rf/L ;DaGwL vr{ 79,198 141,574 169,386

k|zf;lgs vr{ 20,611 30,036 50,643

ljQ nfut – 12 –
ljb]zL ljlgdosf] gfkmf÷- 158 – –
gf]S;fg_
;DkQL laqmLaf6 gf]S;fg – -116_ -1,318_
xflg gf]S;fgL - – – –
Impairment losses_
Xf; s§L tyf kl/zf]wg 3,092 3,751 9,486
hDdf bfaL e'QmfgL / cGo 3,052,202 3,211,887 5,270,368
vr{
s/ clwsf] gfkmf 952,278 1,448,142 1,682,641

s/ vr{ 283,679 440,498 504,792

v'b gfkmf 668,599 1,007,643 1,177,849

*cf=a=@)&%÷)&^ sf] cfiff9 d;fGt;Ddsf] ljQLo ljj/0f n]vfk/LIf0f x'g af+sL /x]sf]n] Joj:yfkgaf6 k|dfl0ft .

22
 gfkmf gf]S;fg lx;fj
ljj/0f c;f( 31, 2073** -?=xhf/df_
cfDbfgL
cfo–Joo lx;fjaf6 ;f/]sf] gfkmf gf]S;fg 506,048

nufgL, shf{ tyf cGoaf6 cfo 287,353

Joj:yf lkmtf{ 4,292
cGo cfDbfgL -;]jf z'Ns / XOL z'Ns cfDbfgL 9,512
HfDdf cfDbfgL -s_ 807,206
vr{
Joj:yfkg vr{ 4,432
ckn]vg vr{ 302
z]o/ ;DaGwL vr{
cGo vr{ tyf aLdf ;]jf z'Ns 18,054
Gff]S;fgLsf] nflu Joj:yf 586
sDf{rf/L cfjf; Joj:yf
sd{rf/L af]g; Joj:yf 56,747
;dfof]lht cfosf/ -c_ Ö -cf_±-O_ 218,409
-cf_ cfos/ 217,130
-O_ :yug s/ -;DklQ_÷bfloTj 1,279
hDdf vr{ -v_ 298,533
v'b gfkmf÷-gf]S;fg_ -u_ Ö -s_–-v_ 508,672
-s_ aLdf sf]ifdf ;f/]sf] 248,128
-v_ aLdf hu]8f sf]ifdf ;f/]sf]
cl3Nnf] aif{;+u ;DalGwt -vr{÷cfDbfgL_ 698,972

cl3Nnf] aif{af6 ;fl/Psf] gfkmf÷-gf]S;fg_ 909,249

afF8kmfF8sf] nflu pknAw /sd 470,820
-s_ :yug s/ hu]8f -1,279_
-v_ kF"hLut hu]8f
-u_ ljz]if hu]8f
-3_ cGoM hu]8f
-ª_ k|:tfljt nfef+z
-c_ af]gz z]o/
-cf_ gub nfef+z
-r_ dxf–ljklQ hu]8f 45,840
Jff;ntdf ;f/]sf] gfkmf÷-gf]S;fg_ 426,259
**cf=a=@)&@÷)&# sf] cfiff9 d;fGt;Ddsf] n]vfk/LIf0f ePsf] t/ GAAP (General Accepted Accounting Principles)
af6 tof/ u/]sf] ljQLo ljj/0f .

O_ cfly{s jif{ ;dfKt ePsf] ^ dlxgf kZrft ljj/0fkq :jLs[ltsf] nflu k]z u/]df pQm cGtl/d cjlwsf] nflu n]vfk/LIfsaf6
k|dfl0ft u/]sf] ckl/is[t ljQLo ljj/0f M

/sd ? xhf/df
jf;nft
o; q}dfl;ssf] cGTo ;Dddf -@)&^÷)(÷@( ;Dd_
qm=;++ ljj/0f
lghL{jg Joj;fo hLjg Joj;fo
! >f]t -!=! b]lv !=$ ;Dd_ 11,931,541 484,658
!=! r'Qmf k"FhL 8,400,000 -
!=@ hu]8f tyf sf]if 2,056,450 484,658

23
 !=# aLdf sf]if 1,475,091 -
!=$ ltg{ afFsL lb3{sflng C0f tyf ;fk6L - -
@= pkof]u -@=!+@=%_ 11,831,541 484,658
@=! l:y/ ;DklQ -v'b_ 539,942 -
@=@ lb3{sflng nufgL tyf shf{ 6,640,054 -
@=# v'b rfn' ;DklQ -# – $_ 4,651,545 484,658
@=$ ckn]vg jf ;dfof]hg x'g afFsL ljljw vr{ - -
@=% gfkmf gf]S;fg lx;fjaf6 ;f/]sf] gf]S;fg - -
# rfn' ;DklQ shf{ tyf k]ZsLx? -#=! b]lv #=# ;Dd_ 11,617,971 1,028,693
#=! gub tyf a}+s df}Hbft 237,721 12,609
#=@ cNksflng nufgL tyf shf{ 5,217,185 400,000
#=# cGo ;DklQ 6,163,064 616,083
$= rfn' bfloTj tyf Aoj:yfx? -$=! b]lv $=$ ;Dd_ 6,966,426 544,035
$=! rfn' bfloTj 715,447 5,193
$=@ c;dfKt hf]lvd jfkt Aoj:yf 3,614,618 263,194
$=# e'QmfgL x'g afFsL bfjL jfkt Joj:yf 851,517 42,652
$=$ cGo Aoj:yf 1,784,845 232,996

gfkmf–gf]S;fg lx;fa /sd ? xhf/df

qm=;++ ljj/0f o; q}dfl;ssf] cGTo ;Dddf -@)&^÷)(÷@( ;Dd_
lghL{jg Joj;fo hLjg Joj;fo
! cfDbfgL -!=! b]lv !=$ ;Dd_ 873,684 92,805
!=! cfo Aoo lx;fjaf6 ;f/]sf] gfkmf gf]S;fg 611,404 77,276
!=@ nufgL shf{ tyf cGoaf6 cfo 262,280 15,529
!=# Aoj:yf lkmtf{ - -
!=$ cGo cfDbfgL - -
@ Aoj:yf tyf vr{x? -@=! b]lv @=& ;Dd_ 310,425 32,703
@=! Aoj:yfkg vr{ 4,656 77
@=@ ckn]vg vr{ - -
@=# cGo vr{ - -
@=$ gf]S;fgLsf] nflu Aoj:yf - -
@=% sd{rf/L cfjf; Aoj:Yff - -
@=^ sd{rf/L af]g; Aoj:Yff 64,372 6,869
@=& cfos/ 241,397 25,758
# v'b gfkmf÷gf]S;fg -! – @=_ 563,259 60,102

O{_ cfDbfgL / vr{ lx;fjsf] s'g} zLif{sdf 7"nf] dfqfdf kl/jt{g ePdf To;sf] ljZn]if0ffTds sf/0f M ;f] gePsf] .

p_ kl5Nnf] ljQLo ljj/0fsf] n]vfk/LIf0f eP kZrft\ ;+ul7t ;+:yfsf] sf/f]af/, gfkmf gf]S;fg, ;DklQsf] d"No jf cfufdL !@
dlxgfsf] bfloTj e'QmfgLdf c;/ kg]{ u/L s'g} cj:yf l;h{gf ePsf] 5÷5}g ;f] ;DaGwdf ;~rfnsx?sf] wf/0ff M pNn]Vo
c;/ kg]{ cj:yf gePsf] .

pm_ cfly{s jif{ ;dfKt ePkl5 ljj/0fkq k]z u/]df, ljj/0fkq k]z u/]sf] ldltaf6 :jLs[lt x'g] ldlt;Dddf jf;nftsf] ldlt
kl5sf] 36gfsf] jf/]df 5'§} hfgsf/L M ;f] gePsf] .

P_ ljut % jif{df ;DklQsf] k'gd"{Nof+sg ul/Psf] 5÷5}g, olb ul/Psf] eP -c_ ;DklQsf] ljj/0f, -cf_ ;DklQsf] k"gd"{Nof+sg
cl3 / kl5sf] lstfjL d"No, -O{_ k"gd"{Nof+sgsf] cf}lrTo M ;f] gePsf] .

P}_ cfufdL tLg jif{sf] k|If]lkt jf;nft, gfkmf gf]S;fg lx;fasf ;fy} To;sf u0fgfsf] cfwf/x? M
g]kfn k'gaL{df sDkgLsf] cfufdL # cfly{s jif{sf] nflu k|If]lkt ljQLo l:ylt b]xfo adf]lhd x'g]5 .

24
 jf;nft -?=xhf/df_
;DklQ c;f( 32, 2077 c;f( 32, 2078 c;f( 32, 2079
;DklQ, d]l;g / pks/0f 602,780 821,596 1,112,337
cb[io ;DklQ 1,804 1,367 930
OCI dfkm{t ljlQo ;DklQ 265,944 265,944 265,944
gfkmf gf]S;fg lx;faaf6 ljlQo – – –
;DklQ
kl/zf]wg nfutdf ljlQo ;DklQ 16,344,808 16,966,868 17,618,098
cGo ljlQo ;DklQ 106,729 129,3556 144,545
lng afFsL aLdf z'Ns 1,940,117 2,235,219 2,547,916
cGo lng afFsL z'Ns 592,829 633,838 683,538
s/ ;DklQ 1,405,062 1,622,653 1,880,441
:yug s/ ;DklQ 20,032 21,935 24,028
gub / gub ;dfg 407,916 825,902 1,296,619
s'n ;DklQ 21,688,025 23,524,682 25,574,401
bfloTj
s/ bfloTj 172,559 181,398 192,116
– – –
:yug s/ bfloTj
aLdf s/f/ bfloTj 4,330,100 5,045,548 5,763,899
e'StfgL lbg'kg]{ k'gaL{df z'Ns 769,034 865,310 974,120
sd{rf/Lsf] ;'lawf 8,064 9,250 10,354
cGo bfloTj 653,996 723,966 801,626
Joj:yfx? 395,797 530,994 680,307
s'n bfloTj 6,329,552 7,356,469 8,422,425
z]o/wgLsf] sf]if
z]o/ k"FhL 10,000,000 10,500,000 11,025,000
;lGrt cfo 1,882,401 1,439,297 1,114,769
aLdf sf]if 2,090,872 2,670,708 3,309,935
dxf ljkQL hu]8f 741,057 912,161 1,054,132
cGo hu]8f 644,142 646,045 648,138
s'n z]o/wgLsf] sf]if 15,358,473 16,168,212 17,151,976
s'n bfloTj / z]o/wgLsf] sf]if 21,688,025 23,524,682 25,574,401

gfkmf gf]S;fg lx;fj -?=xhf/df_

ljj/0f c;f( 32, 2077 c;f( 32, 2078 c;f( 32, 2079
s'n k|Lldod 8,355,023 9,608,277 11,049,519
hf]lvd x:tfGt/0f k|Lldod 1,573,434 1,809,449 2,080,866
v'b k|Lldod 6,781,589 7,798,828 8,968,952
– – –
cGo cfo
sld;g cfDbfgL 74,621 85,814 98,686
nufgL cfDbfgL 1,473,362 1,498,873 1,557,531
cGo aLdf ;DaGwLt cfo 52,344 60,196 69,226
– – –
Joj:yf ckn]vg
hDdf cfo 8,381,919 9,443,713 10,694,097
bfjL /sd e'QmfgL 3,398,842 3,612,510 4,095,154
k'gaL{dfaf6 k|fKt bfjL /sd 501,211 461,945 513,658
v'b kmfObf / bfjL 2,897,631 3,150,564 3,581,496
aLdfsf] s/f/ bfloTjsf] kl/jt{g 560,826 715,448 718,351
sld;g vr{ 2,465,272 2,835,063 3,260,322
cGo aLdf ;DalGwt vr{ 296,638 318,133 365,854

25
;]jf z'Nssf] vr{ 72,500 83,375 95,882
sd{rf/L ;DaGwL vr{ 207,491 237,611 266,616
k|zf;lgs vr{ 166,410 199,692 239,630
– – –
ljQ nfut
– – –
ljb]zL ljlgdosf] gfkmf÷-gf]S;fg_
– – –
;DklQ laqmLaf6 gf]S;fg
xflg gf]S;fgL -Impairment – – –
losses_
Xf; s§L tyf kl/zf]wg 6,289 6,610 6,347
hDdf bfaL e'QmfgL / cGo vr{ 6,673,059 7,546,500 8,534,500
s/ cl3sf] gfkmf 1,708,859 1,897,212 2,159,596
s/ vr{ 514,016 587,473 650,833
v'b gfkmf 1,194,842 1,309,739 1,508,763

**k|If]lkt ljQLo ljj/0f g]kfn k'gaL{df sDkgL cfkm}n] tof/ kf/]sf] xf] / ;f] ljQLo ljj/0fx? s]=o'=P;= P;f]l;P6;\sf
rf6{8 Psfp06]06 >L lIflth sf]O/fnfåf/f k'g/fjnf]sg u/L l7s 5 egL k|dfl0ft ul/Psf] 5 .

g]kfn k'gaL{df sDkgLsf] ljQLo k|If]lkt gfkmf gf]S;fg lx;fj / jf;nft tof/ ubf{sf] cfwf/x? M
k|If]lkt
qm+=;+= ljj/0f
c;f( 31, 2077 c;f( 31, 2078 c;f( 31, 2079
!= s'n aLdf lk|ldod cfDbfgLdf cg'dflgt
!^=!#Ü !%Ü !%Ü
j[l4b/
@= Rffn' bfloTjdf cg'dflgt j[l4b/ !*=$)Ü !^=@@Ü !$=$(Ü
#= s'n ;DklQdf cg'dflgt j[l4b/ @!=!)Ü *=$^Ü *=&!Ü
$= Joj:yfkg vr{df cg'dflgt j[l4b/ @*=%(Ü @)Ü @)Ü
%= v'b aLdf lk|ldoddf cg'dflgt j[l4b/ @@=^(Ü !%Ü !%Ü
^= v'b gfkmfdf cg'dflgt j[l4b/ !=$$Ü (=^!Ü !%=!(Ü
&= hDdf nufgLaf6 k|fKt x'g] cfDbfgLdf
#%=$$Ü !=&#Ü #=(!Ü
cg'dflgt j[l4b/
*= k"gaL{df sld;gdf cg'dflgt j[l4b/ @$=)@ Ü !%Ü !%Ü
(= aLdf sf]ifdf cg'dflgt j[l4b/ #!=($Ü @&=&#Ü @#=($Ü

ljutsf aif{x?sf] sf/f]jf/sf] a[l4, g]kfn k'gaL{df sDkgLn] u/]sf] cfDbfgL, g]kfn k'gaL{df sDkgLsf] efjL of]hgfx?, rfn'
aif{sf] k|ultsf] cfwf/df sDkgLn]] k|If]lkt ljQLo ljj/0f tof/ u/]sf] xf] .

dfly pNn]lvt ljQLo k|If]k0fsf cfwf/sf] cf}lrTo k'i6L x'g] ljj/0fx? M

!_ s'n aLdf lk|ldod cfDbfgLdf cg'dflgt j[l4b/ M
g]kfnsf] aLdf If]qsf] Joj;flos j[l4 ;du|df !%Ü /x]sf] tyf g]]kfn ;/sf/n] cf=j= @)&%÷)&^ sf] aflif{s ah]6sf] gLlt
tyf sfo{qmddf g]kfndf ;~rflnt hLjg tyf lghL{jg aLdf sDkgLx?n] aLdf n]vf+Ísf] sDtLdf @)Ü clgjfo{ ?kdf o;
sDkgLdf k'gaL{df u/fpg' kg]{ Joj:yf ePsf] tyf g]kfndf ;~rflnt clwsf+z aLdsx? o; sDkgLsf] z]o/wgL ;d]t
ePsfn] pk/f]Qm sDkgLx?n] ;d]t cfufdL aif{ a9L Joj;fo lbg] k|lta4tf hgfPsf] x'bfF .
@_ Rffn' bfloTjdf cg'dflgt j[l4b/ M
rfn' k'FhLsf] bIftfk"j{s Joj:yfkg tyf kl/rfng ul/g] xF'bf rfn' bfloTjdf sld cfpg] k|If]k0f ul/Psf] 5 . h;sf] k|d'v
cfwf/ lgDg adf]lhd /x]sf] 5 .
s_ System Development M xfn sDkgLsf ;Dk"0f{ sf/f]jf/x? dfgj ;+;fwgsf] k|of;af6 ul/g] u/]sf]df cfufdL cf=j= df
;km\6j]o/åf/f ul/g] x'Fbf aSof}tf bfjL jfktsf] bfloTj nufPtsf cGo bfloTj ;d]t oyf ;dodf g} klxrfg u/L n]vf+sg
kZrft /fkm;fkm ul/g] xF'bf rfn' bfloTjdf sld cfpg] .
v_ cg'ejL dfgj ;+;fwgsf] k'lt{ M cfufdL cf=jx?df cg'ejL sd{rf/Lx?sf] lgo'lQm ug]{ of]hgf eP cg'?k oy:7
sd{rf/Lx? pknAwtf x'g] ePsf]n] ;Dk"0f{ bfloTjx?sf] km5\of}6 oyf;dodf g} eO{ rfn' bfloTjdf sld cfpg] .

26
 u_ tflnd M sd{rf/Lx?nfO{ ;]jfsflng tflnd k|bfg u/L Joj;foLs bIftf j[l4 eO{ .
#_ v'b ;DklQdf cg'dflgt j[l4b/ M cfos/ P]g, @)%* cg';f/ k|To]s jif{ x|f; s6\6L ub}{ hfg' kg]{ ePsf]n] .
$_ Joj:yfkg vr{df cg'dflgt j[l4b/ M aLdf z'Ns / gfkmf a9fpb} hfFbf Joj:yfkgsf] vr{ klg ;f]xL cg'kftdf /xg] x'Fbf
Joj:yfkg vr{df cg'dflgt j[l4b/ kl/jt{g gx'g] .
%_ v'b aLdf lk|ldoddf cg'dflgt j[l4b/ M k|s/0f ! cg';f/ Pj+d\ /]6«f];];g ;Demf}tf ubf{ sDkgLnfO{ clwstd nfe x'g]
u/L ul/g] Pj+d\ hf]lvd Joj:yfkgsf] nflu oflGqs Pj+d\ k|fljlws kIfnfO{ hf]8 lbg] .
^_ v'b gfkmfdf cg'dflgt j[l4b/ M aLdf ;ldltsf] lgb]{zg cg';f/ % jif{ ;Dd ljt/0f gul/Psf] nfef+z cfufdL cf=j=df
ljt/0f ul/g] tyf aLdf lgodfjnL, @)$( cg';f/ v8f ul/Psf] c;dfKt hf]lvd hu]8f tyf aSof}tf bfjL jfktsf] /sddf
k|s/0f @ cg'?k sdL cfpg] x'bfF .
&_ hDdf nufgLaf6 k|fKt x'g] cfDbfgLdf cg'dflgt j[l4b/ M cf=j @)&^.)&& df k'FhLdf a[l4 eP cg';f/ /sd nufgL
ul/Psf] o;} u/L cf=j @)&&.)&* df sDkgLsf] Joj;flos ejg lgdf{0f ul/g] xF'bf v'b nufgL of]Uo /sddf sdL cfpg]
cj:yf k|If]lkt ul/Psf] To; kZrftsf jif{x?sf nufgLdf l:y/tf cfpg] .
*_ k"gaL{df sld;gdf cg'dflgt j[l4b/ M k|s/0f != df ePsf] j[l4 cg';f/ sldzg ;dfof]hg ubf{ .
(_ aLdf sf]ifdf cg'dflgt j[l4b/ M aLdf P]g,@)$( cg';f/sf ljleGg sf]if tyf hu]8f Joj:yf ug'{ kg]{ .

-v_ ljQLo cg'kft ;DaGwL ljj/0f M

s_ ;+ul7t ;+:yfsf] ;~rfng cjlw tLg jif{ JotLt e};s]sf] cj:yfdf ljut tLg jif{sf] / tLg jif{ Joltt e}g;s]sf]
cj:yfdf ;~rfng cjlwsf] tyf cfufdL tLg jif{sf] k|If]lkt k|lt z]o/ cfDbfgL (EPS), k|lt z]o/ g]6jy{ tyf
g]6jy{df cf};t k|ltkmn lgDgfg';f/ 5 .
g]kfn k'gaL{df sDkgLsf] g]6jy{df ePsf] jf:tljs tyf k|If]lkt cf};t k|ltkmn b]xfo adf]lhd 5 M
jf:tljs -?=xhf/df_ ckl/is[t k|If]lkt -?=xhf/df_
-?=xhf/df_
ljj/0f 2072÷73 2073÷74 2074÷75 2075÷76 2076÷77 2077÷78 2078÷79

Rf'Qmf k"FhL 5,000,000 5,000,000 7,177,500 8,400,000 10,000,000 10,500,000 11,025,000

k|:tfljt
af]gz z]o/
hu]8f tyf
sf]ifx? 1,267,357 1,958,152 2,975,477 4,163,630 5,358,473 5,668,212 6,126,976

hDdf 6,267,357 6,958,152 10,152,977 12,563,630 15,358,473 16,168,212 17,151,976

36fpg] M
ckn]vg x'g
aFfsL vr{ 907 586

s'n g]6jy{ 6,266,450 6,957,566 10,152,977 12,563,630 15,358,473 16,168,212 17,151,976

Zf]o/ ;+Vof -
xhf/df_ 50,000 50,000 71,775 84,000 100,000 105,000 110,250
k|lt z]o/
g]6jy{ -?=_ 125.33 139.15 141.45 149.56 153.58 153.98 155.57
k|lt z]o/
cfDbfgL -
EPS_
-?=_ 8=53 13=37 14=04 14=02 11=95 12=47 13=68
k|lt z]o/
r'Qmf k"FhL - 100 100 100 100 100 100 100
?=_
g]6jy{df
k|ltkmn -Ü_ 6=81% 9=60% 9=93% 9=37% 7=77% 8=09% 8=79%

27
 **k|If]lkt ljQLo ljj/0f g]kfn k'gaL{df sDkgL cfkm}n] tof/ kf/]sf] xf] / ;f] ljQLo ljj/0fx?
s]=o'=P;= P;f]l;P6;\sf rf6{8 Psfp06]06 >L lIflth sf]O/fnfåf/f k'g/fjnf]sg u/L l7s 5 egL k|dfl0ft ul/Psf] 5 .

lgisfzg k"j{sf] k|lt z]o/ cfDbfgL (EPS) sfod /fVg j[l4 x'g] g]6jy{df cfjZos Go"gtd k|ltkmn M !)=*@ %

-v_ ljut # aif{sf] g]6jy{df ePsf] cf}ift k|ltkmn M *=*%%

u=!)= lwtf]kq lgisfzg ;DaGwL ljj/0f M

s_ lwtf]kq hf/L ug'{sf] p2]Zo M
c_ o; k'gaL{df sDkgLsf] hf/L k"FhL !) ca{ dWo] k|aGwkqdf Joj:yf eP cg';f/ hf/L k"FhLsf] !^ -;|f]x_ k|ltzt z]o/
;j{;fwf/0fsf] nflu 5'6\ofO{Psf]n] o; ;d'xsf] nfuL 5'6\ofO{Psf] !^ -;|f]x_ k|ltzt cyf{t ?=!,^),)),)),)))÷–
/sd a/fa/sf] k|lt z]o/ ?=!))÷– b/sf] !,^),)),))) lsQf ;fwf/0f z]o/x? ;j{;fwf/0fnfO{ laqmL lat/0f u/L
k|rlnt sfg"g adf]lhd ;j{;fwf/0fx?nfO{ o; k'gaL{df sDkgLsf] ;~rfngdf ;xefuL u/fpg .
cf_ o; k'gaL{df sDkgLsf] k|aGwkq tyf lgodfjnLdf pNn]v ePsf p2]Zox? cg'?k ug'{kg]{ sfo{x?sf] nflu cfjZos
k"FhL ;+sng ug{ .
O_ ;+sng ePsf] k"hLnfO{ clwstd k|of]u u/L k'gaL{df Joj;fonfO{ :jb]z tyf ljb]zdf lj:tf/ ug{] .

v_ lwtf]kq lgisfzgaf6 k|fKt k"FhLsf] pkof]u M

c_ lgisfzgaf6 k|fKt x'g] s"n /sdnfO{ s;/L / s'g If]qdf k|of]u ul/g] 5 tt\;DaGwL ljj/0f M
;j{;fwf/0fsf] nflu z]o/sf] ;fj{hlgs lgisfzg (Intial Public Offering) af6 k|fKt x'g] k"FhLsf] pkof]u g]kfn
k'gaL{df sDkgLsf] lglb{i6 sfo{of]hgf cg'?k ul/g]5 . k'gaL{dfn] to u/]sf] cfˆgf] nIonfO{ xfl;n ug{sf] lglDt aLdf
;ldltn] lgb]{zg adf]lhd / cGo lgod sfg'g cg';f/ g} ljleGg If]qdf nufgLsf nflu k"FhLsf] pkof]u ul/g]5 .
cg'dflgt ?kdf k"FhLsf] pkof]u o; k|sf/ x'g]5 M
qm=;+= ljj/0f /sd -?=_
!= a:t' tyf ;]jf ljsfz -% k|ltzt_ ?= *,)),)),))) ÷—
@= k"jf{wf/ tyf Ifdtf ljsfz -@) k|ltzt_ ?= #@,)),)),)))÷—
#= nufgL tyf hf]lvd Joj:yfkg -&% k|ltzt_ ?= !,@),)),)),)))÷—
hDDff ?= !,^),)),)),)))÷—

cf_ ;fj{hlgs lgisfzg (Intial Public Offering) ul/g] lwtf]kq k"0f{ ?kdf laqmL gePdf ;fj{hlgs lgisfzgsf] nflu
p2]Zo k|flKt ug{sf] nflu ckgfOg] j}slNks Joj:yf M
ljutdf hLjg tyf lghL{jg aLdf sDkgLx?n] ;j{;fwf/0fx?df z]o/sf] ;fj{hlgs lgisfzg (Intial Public
Offering) k|s[of dfkm{t\ z]o/ lgisfzg ubf{ lgisflzt z]o/x?sf nflu dfueGbf a9L cfj]bg k|fKt x'g] u/]sf]
b]lvPsf]n] o; k'gaL{df sDkgLn] lgisfzg ug]{ z]o/x? klg k"0f{?kdf laqmL x'g] k'gaL{df sDkgLsf] wf/0ff /x]sf] 5 .
sy+sbflrt ;fj{hlgs lgisfzg (Intial Public Offering) dfkm{t\ lgisfzg ul/g] z]o/x? k"0f{ ?kdf laqmL gePdf
lgisfzg /sdsf] %) -krf;_ k|ltzt cyf{t ?=*) s/f]8 a/fa/sf] z]o/ k|Tofe'tstf{x? gful/s nufgL sf]ifn] &%
k|ltzt -?=^) s/f]8_ / d]uf Soflk6n dfs]{6\; ln=n] @% k|ltzt -?=@) s/f]8_ k|Tofe't u/]sf] z]o/sf] cg'kftdf
vl/b ug]{5g\ .

O_ cfof]hgfsf] ;+rfng :yfg, cfof]hgf r/0fa4 ?kdf sfof{Gjog ul/g] eP k|To]s r/0fdf nfUg] vr{, s'g} r/0f ;dfKt
e};s]sf] eP ;f] ;DaGwL ljj/0fM nfu" gx'g] .

O{_ cfof]hgf ;DkGg x'g], k/LIf0f pTkfbg z'?x'g] / k"0f{ Jofj;flos pTkfbg z'? x'g] cg'dflgt ldltM nfu" gx'g] .
p_ ;+ul7t ;+:yfn] s'g} pks/0f vl/b u/]sf] jf ug{ nfu]sf] eP pQm pks/0fsf] d"No jf k|:tfljt d"No, ;Knfo;{sf]
gfd / ;Knfo;{;Fu ;Demf}tf ePsf] eP ;f] sf] d"Vo d"Vo a"Fbfx?M nfu" gx'g] .

pm_ s'g} kf6L{;Fu k|ltlnkL clwsf/, 6«]8dfs{, Ohfhtkq, /f]oN6L, ;xsfo{ ;DaGwdf jf ljQLo jf k|fljlws ;Demf} tf
ul/Psf] eP ;f]sf] k|d'v zt{x? / kf6L{sf] gfd, 7]ufgf ;DaGwL lj:t[t ljj/0fM ;f] gePsf] .

P_ pTkfbg ;DaGwL cfof]hgf eP, ;f]sf] k|s[lt, k|of]ustf{, k|lt:kwf{, nlIft ;d"x, pTkfbg Ifdtf, ljut jif{x?sf] Ifdtf
pkef]u jf eljiodf ul/g] Ifdtf pkef]u ;DaGwL ljj/0f M nfu" gx'g] .

P}_ cfof]hgfsf] nflu cfjZos sRrf kbfy{sf] pknAwtf / To;sf] >f]t M nfu" gx'g] .

cf]_ cfof]hgfsf] nflu cfjZos x'g] ljB't, kfgL, Uof;sf] dfqf / To;sf] >f]t M nfu" gx'g] .

28
 cf}_ ;fj{hlgs lgisfzgsf] nflu ul/g] vr{ k|d'v ?kdf b]xfodf pNn]lvt kIfx?nfO{ lbg] z'Nsx? 5'§f5'§} ?kdf k|:t't
ug'{ kg]{ .
!_ lgisfzg tyf laqmL k|aGws — ?=!,)),)))÷—
@_ 6«i6L -l8j]Gr/ lgisfzgsf] xsdf_ — lgisfzg ul/g] l8j]Gr/ geO{ ;fwf/0f z]o/ ePsf] .
#_ k|Tofe"ltstf{x? — gful/s nufgL sf]if ?=%,**,)))÷– / d]uf Soflk6n dfs]{6\; ln= ?=!,%),)))÷–
$_ lj1x? — ljQLo k|If]k0f k'g/fjnf]sg u/L k|dfl0ft ug]{ lj1nfO{ ?= %),)))÷– -s/ ;lxt_
%_ n]vfk/LIfs — o; ;fj{hlgs lgisfzgsf] nflu n]vfk/LIfsnfO{ e'QmfgL gul/Psf] .
^_ cGo -h:t} ;+sng s]Gb|, lgisfzg a}+s cflb_—
g]kfn lwtf]kq af]8{af6 l;—cf:jf k|0ffnL sfof{Gjog eO{;s]sf] ;Gbe{df g]kfn lwtf]kq af8{af6 :jLs[t k|fKt
l;—cf:jf ;b:o a}+s tyf ljQLo ;+:yf / ltgsf tf]lsPsf zfvf sfof{nox? o; lgisfzgsf] nflu ;+sng
s]Gb|sf] ?kdf /xg]5g\ . l;—cf:jf ;b:o a}+s tyf ljQLo ;+:yfx?nfO{ s'g} z'Ns e'QmfgL ug'{ gkg]{ / lghx?n]
g]kfn lwtf]kq af]8{n] tf]s] adf]lhdsf] z'Ns lgisfzg tyf laqmL k|aGwsnfO{ e'QmfgL ug]{5g\ . l;—cf:jf k|0ffnL
sfof{Gjog ePsf] ;Gbe{df lgisfzg a}+ssf] cfjZostf gx'g] ePtf klg cfjZostf cg';f/ lgisfzg a}+s vf]Ng
;lsg]5 / ;f] sf] hfgsf/L g]kfn lwtf]kq af]8{nfO{ clu|d ?kdf u/fOg]5 .

-u_ ;fj{hlgs lgisfzgaf6 k|fKt /sdnfO{ kl/of]hgfdf k|of]u ug{ k"j{ cGo s'g} Joj:yf ug{ nfluPsf] 5 eg] tt\;DaGwL
ljj/0f M xfn;Dd To:tf] s'g} Joj:yf ul/Psf] 5}g .

-3_ lk|ldoddf lwtf]kq hf/L ug]{ ePdf lk|ldod d"No lgwf{/0f ubf{ ckgfO{Psf] ljlw / cf}lrTo M ;f] gePsf]

-ª_ lwtf]kq afF8kmfF8, lkmtf{ e'QmfgL tyf ;"lrs/0f ;DaGwL Joj:yf M

-!_ cToflws dfu jf Go"g dfu ePsf] cj:yfdf afF8kmfF8sf] k|s[of M o; ljj/0fkq dfkm{t hf/L ul/Psf] ;fwf/0f z]o/
;+Vof eGbf a9L ;+Vofdf ;fwf/0f z]o/ vl/bsf] nfuL b/vf:t k|fKt x'g cfPdf ælwtf]kq lgisfzg tyf afF8kmfF8
lgb]{lzsf, @)&$Æ df ePsf] Joj:yf cg';f/ ;fwf/0f z]o/x? afF8kmFf8 ul/g]5 . olb lgisfzg ul/Psf] z]o/sf]
;+Vof eGbf sd ;+Vofdf ;fwf/0f z]o/ vl/bsf nflu b/vf:t k|fKt x'g cfPdf dfu adf]lhd z]o/ afF8kmfF8 u/L
afFsL /x]sf] z]o/ k|Tofe'ltstf{n] k|Tofe'lt ;DaGwL ;Demf}tfdf ePsf] Joj:yf cg';f/ vl/b ug]{5 .

-@_ cToflws dfu ePsf] jf afF8kmfF8 gePsf] cj:yfdf lkmtf{ e'QmfgL ;DaGwL Joj:yf M z]o/ ljqmL aGb ePsf] ldltn]
g]kfn lwtf]kq af]8{n] tf]s]sf] ;dofjlw leq z]o/ afF8kmfF8 u/L k"0f{ jf cf+lzs ?kdf :jLs[t÷c:jLs[t ePsf] Joxf]/f
pNn]v u/L ælwtf]kq vl/b -;fj{hlgs lgisfzg_ ;DaGwL lgb]{lzsf, @)&#Æ sf] cg';"rL & adf]lhdsf] ljj/0f
;DalGwt cf:jf (ASBA) ;b:o a}+s tyf ljQLo ;+:yfnfO{ pknAw u/fOg]5 / ;f]xL ljj/0f cg'?k cf:jf ;b:o
a}+s tyf ljQLo ;+:yfx?n] afF8kmfF8df gk/]sf] z]o/ afktsf] /sd ;DalGwt cfj]bssf] /f]Ssf /x]sf] a}+s vftf
km's'jf u/L lkmtf{ ul/lbg]5 .

-#_ lgj]bg ;fy k|fKt /sdsf] lkmtf{ e'QmfgLdf l9nfO{ ePdf lbOg] Jofhb/ M l;–cf:af (C-ASBA) ;b:o a}+s tyf
ljQLo ;+:yfaf6 cfj]bg lbg] cfj]bsx?sf] xsdf lghsf] vftfdf /x]sf] /sd /f]Ssf dfq x'g] / afF8kmfF8 kZrft
lghn] k|fKt ug]{ z]o/sf] /sd a/fa/sf] /sd afx]s cGo /sd km's'jf x'g] ePsfn] Aofh lbg' gkg]{ .

-$_ lwtf]kqsf] afF8kmfF8 tyf k|df0fkq hf/L ;DaGwL k|s[of / ;dofjlw M lgisfzg ul/g] ;fwf/0f z]o/ k|rlnt lwtf]kq
lgisfzg tyf afF8kmfF8 lgb]{lzsf, @)&$ ;DaGwL Joj:yf cg';f/ ;fwf/0f z]o/sf] afF8kmfF8 u/L ;DalGwt lgsfodf
;"lrs/0f kZrft ;DalGwt cfj]bsn] cfj]bg kmf/ddf pknAw u/fPsf] lxtu|fxL vftfdf afF8kmfF 8df k/]sf] z]o/
ljt/0f ug]{ Joj:yf ldnfOg]5 .
-%_ lwtf]kq ;"lrs/0f e};s]sf] eP, To:tf] lwtf]kq ;"rLs/0f ul/Psf] lwtf]kq ahf/sf] gfd / lwtf]kq sf/f]jf/ z'?
x'gsf] nflu ;+ul7t ;+:yfn] k"/f ug'{ kg]{ zt{x? ;DaGwL ljj/0f M
xfn ;Dd g]kfn :6s PS;r]Ghdf ;"lrs/0f eO g;s]sf]] .

-^_ lwtf]kq ;"lrs/0f e}g;s]sf] eP, ;+ul7t ;+:yfn] lgisfzg tyf laqmL ul/g] lwtf]kqx? k|rlnt P]g, lgod cg';f/
;xh vl/b laqmL jf ljlgdo x'g ;Sg] u/fpgsf] nflu ul/g] Joj:yf ;DaGwL ljj/0f M xfn ;Dd g]kfn :6s
PS;r]Ghdf ;"lrs/0f eO g;s]sf]] xF'bf o; ;fj{hlgs lgisfzg ul/g] z]o/sf] afF8kmfF8 kZrft\ g]kfn :6s
PS;r]Gh lnld6]8 tyf l;l8P; P08 lSnol/Ë lnld6]8df k|rlnt lgodfg';f/ ;"lrs/0f tyf btf{ u/fO{ z]o/ vl/b
laqmL tyf /fkm;fkmsf] nflu cfjZos Joj:yf ldnfOg]5 .

29
 -r_ k|Tofe"lt ;DaGwL ljj/0f M
s_ lwtf]kq k|Tofe"lt ug]{ ;+ul7t ;+:yfsf] gfd, 7]ufgf / k|Tofe"lt ug]{ lwtf]kqsf] ;+Vof / /sd M
o; lj/0fkq dfkm{t lgisfzg ug{ nfluPsf] lwtf]kq dWo] %) k|ltzt x'g cfpg] *),)),))) -c;L nfv_ ;fwf/0f z]o/sf]
nflu ? *,),),))),)))÷– -cIf/]kL c;L s/f]8_ /sd a/fa/sf] gful/s nufgL sf]if, goFf afg]Zj/, sf7df08f}¢f/f ?=^)
s/f]8 -^) nfv lsQf_ / d]uf Soflk6n dfs]{6\; ln=, lqk'/]Zj/, sf7df08f}¢f/f ?=@) s/f]8 -@) nfv lsQf_ k|Tofe"t ;]jf
k|bfg ul/Psf] 5 .

v_ lwtf]kq k|Tofe"ltstf{;Fu ul/Psf] ;Demf}tfsf] d"Vo d"Vo aF"bfx? M

o; ljj/0f dfkm{t lgisfzg ug{ nfluPsf] lwtf]kqsf] k|Tofe"ltstf{;Fu ul/Psf] d"Vo aF"bfx? b]xfP adf]lhd /x]sf] 5 M

!_ k|Tofe"tstf{x?n] ^),)),))) lsQf -gful/s nufgL sf]if_ / @),)),))) lsQf -d]uf Soflk6n dfs]{6\; ln=_
z]o/x?sf] nflu k|Tofe\"lt ;]jf k|bfg ul/Psf 5g\ .
@_ gful/s nufgL sf]ifn] z]o/ k|Tofe"lt u/] afkt ?=%,**,)))÷– -cIf/]kL kfFr nfv c7f;L xhf/ ?k}+of dfq_ /
d]uf Soflk6n dfs]{6\; ln=n] z]o/ k|Tofe"lt u/] afkt ?=!,%),)))÷– -cIf/]kL Ps nfv krf; xhf/ ?k}+of dfq_
;]jf z"Ns k|fKt ug]{5g\ .
#_ sDkgLsf] z]o/ ;j{;fwf/0fdf laqmL ubf{ ;Dk"0f{ z]o/sf nflu cfj]bg k|fKt ePdf k|Tofe"lt{stf{x?sf] bfloTj :jtM
;dfKt x'g]5 .
$_ k|Tofe"lt u/]sf] z]o/ u|x0f ug{' k/]df pQm z]o/ u|x0f u/]kl5 ;j{;fwf/0f z]o/wgL ;/x k|Tofe"ltstf{nfO{
z]o/k|ltsf] xs clwsf/ k|fKt x'g]5 .

-5_ cfj]bg lbFbf Wofg lbg' kg]{ s'/fx? M

s_ lwtf]kqjfnfsf] clwsf/ tyf k|ltaGwfTds Joj:yfx? h:t} dtflwsf/, nfef+z, xsk|b z]o/, lwtf]kqjfnfsf]
clwsf/df kl/jt{g ug]{ k|s[of tyf lwtf]kqsf] vf/]hL cflb ;DaGwL ljj/0f M

!= o; ljj/0fkq dfkm{t\ ;fj{hlgs lgisfzg ul/g] ;fwf/0f z]o/x? afF8kmfF8 u/] kZrft\ sfod x'g] z]o/wgLx?n]
k|rlnt sfg"g adf]lhd pknAw x'g] xs clwsf/sf] k|of]u ug{ kfpg] .

@= k|rlnt sDkgL sfg"g tyf g]kfn lwtf]kq af]8{sf] af]g; z]o/ ;DaGwL lgb]{lzsfsf] clwgdf /xL k'gaL{dfn] cfh{g
u/]sf] d'gfkmfaf6 af]g; z]o/ jf nfef+z ljt/0f ug{ ;Sg]5 / cfjZostf cg';f/ g]kfn lwtf]kq af]8{ tyf cGo
;DalGwt lgodg lgsfox?sf] :jLs[tL lnO{ xsk|b tyf yk ;fj{hlgs lgisfzg (Further Public Issue) z]o/
;d]t hf/L ug{ ;Sg]5 .

v_ lgodfjnL, k|aGwkq k|fKt ug]{ jf x]g{ ;Sg] 7fpF, e'QmfgL ug]{ tl/sf, lng'kg]{ Go"gtd lwtf]kq ;+Vof / ;f] eGbf dfly
lng] ePdf s'g u'0ffÍdf lng ;Sg] xf] ;f] ;DaGwL ljj/0f M

!= o; k'gaL{df sDkgLsf] k|aGwkq tyf lgodfjnL sfof{no ;doleq sDkgLsf]] /lhi68{ sfof{no, yfkfynL,
sf7df8f}+, lwtf]kq lgisfzg tyf laqmL k|aGws cf/ljlj dr]{06 a}+lsË ln=, 6]s,' sf7df8f}+df ;Dks{ /flv k|fKt ug{
;lsg]5 .

@= o; ljj/0fkq dfkm{t\ lgisfzg ul/g] z]o/ vl/bs fnflu b/vf:t lbFbf b/vf:tjfnfn] b/vf:t;fy cfkm"n] vl/b
ug{ rfx]sf] ;fwf/0f z]o/ ;+Vofsf] k|lt z]o/ ?=!))÷–sf b/n] x'g cfpg] Psd'i6 /sd o; lgisfzgsf] nflu
tf]lsPsf] a}+s tyf ljQLo ;+:yfx?df hDdf u/L lgodfg';f/ b/vf:t lbg'kg]{5 jf d]/f] z]o/ dfkm{t b/vf:t lbg
;lsg]5 .
#= o; ljj/0fkq dfkm{t\ lgisfzg ul/g] z]o/sf] nflu b/vf:t lbFbf b/vf:tjfnfn] Go'gtd !) -bz_ lsQf / !)
c+ssf] u'0ffÍdf clwstd !),))) -b; xhf/_ lsQf;Dd z]o/ vl/b ug{sfnflu b/vf:t lbg ;lsg]5 .
u_ cfj]bg lbFbf kfngf ug'{kg]{ zt{ aGb]hx? h:t} Ps eGbf a9L b/vf:t lbg gkfOg], nufgLstf{sf] klxrfgsf] nflu
gful/stf÷hGdbtf{sf] k|dfl0ft k|df0fkqsf] k|ltlnlk k]z ug'{kg]{ jf lwtf]kq bnfn Joj;foLn] lbPsf] u|fxssf] kl/ro gDa/
/ ;DalGwt Jofj;foLsf] gfd v'nfpg'kg]{ / a}+s vftf dfkm{t sf/f]af/ ul/g'kg]{ h:tf kIfx? M

!= s'g} klg g]kfnL gful/sn] o; ljj/0fkq dfkm{t hf/L ul/g] ;fwf/0f z]o/ vl/bsf nflu b/vf:t lbg ;Sg]5g .
@= cfj]bsn] l;—cf:jf k|0ffnLaf6 cfkm\gf] vftf /x]sf] a}+s tyf ljQLo ;+:yf dfkm{t dfq cfj]bg lbg' kg]{5 .
#= cfj]bsn] cfj]bg lbg' k"j{ cfkm\gf] vftf /x]sf] ;DalGwt a}+s tyf ljQLo ;+:yfdf uO{ ælwtf]kqsf] ;fj{hlgs lgisfzgsf]
s]lGb|s[t ljB'lto ;]jf sfo{ ;~rfng lgb]{lzsf, @)&$Æ sf] cg';"rL $ adf]lhdsf] l;—cf:jf /lhi6«]zg kmf/d e/L
CRN g+= lng' kg]{5 .

30
 $= cfj]bssf] a}+s vftfdf ePsf] ljj/0f / cg';"rL $ df pNn]v u/]sf] ljj/0f ldNg'kg]{5 .
%= cfj]bsn] CRN g+= k|fKt u/]kZrft z]o/ vl/bsf nflu tf]lsPsf] 9fFrfdf ;DalGwt a}+s tyf ljQLo ;+:yfdf lwtf]kq
vl/bsf nflu cfj]bg lbg' kg]{5 .
^= cfj]bsn] cfj]bgdf pNn]v u/]sf] lxtu|fxL kl/ro g+= / cGo ljj/0f l;—cf:jf ;km\6j]o/df /x]sf] cfj]bssf] lxtu|fxL
vftf / cGo ljj/0f;Fu ?h' x'g' kg]{5 .
&= cfj]bsn] cfj]bg kmf/d a'emfpFbf b]xfosf s'/fx?df ljz]if Wofg lbO{ :ki6 ;Fu cfj]bg kmf/d e/L a'emfpg' kg]{5M
s= lwtf]kq lgisfzgstf{ sDkgLsf] gfd .
v= cfj]bssf] gfd, y/, 7]ufgf, gful/tf g+=, b/:tvt, ;Dks{ kmf]g g+=, Od]n .
u= gfjfns / ljlIfKt JolQmsf] xsdf ;+/Ifssf] gfd, y/ / gftf .
3= vl/b ug{ rfx]sf] lwtf]kqsf] ;+Vof -c+s / cIf/df_ .
ª= vl/b ug{ rfx]sf] lwtf]kq afktsf] /sd -c+s / cIf/df_ .
r= cfj]bssf] vftf /x]sf] a}+s÷ljQLo ;+:yfsf] gfd, 7]ufgf, vftf g+= / vftfsf] lsl;d .
5= cfj]bssf] lxtu|fxL -l8Dof6_ vftf gDa/ .
*= cfj]bsn] cfj]bg lbFbf l;—cf:jf ;b:o a}+s÷ljQLo ;+:yfx?df /x]sf] cfj]bg afktsf] /sd /f]Ssf /flvg] vftf
cGo s'g} k|sf/n] /f]Ssf /x]sf] jf lgis[o (Dormant) /x]sf] x'gx'Fb}g .
(= cfj]bg lbPsf] /sd a/fa/sf] /sd vftfdf x'g' kg]{5 .
!)= Ps JolQmn] cfkm"n] vl/b ug{ rfx]sf] ;fwf/0f z]o/sf] nflu Ps eGbf a9L b/vf:t lbg] kfOg] 5}g . olb Ps JolQmsf]
gfddf Ps eGbf a9L cfj]bg k|fKt x'g cfPdf ;Dk"0f{ b/vf:tnfO{ /2 ul/g]5 .
!!= lwtf]kq vl/bsf nflu b/vf:t lbFbfsf] cj:yfdf jf b/vf:t lbO{;s]kl5 vl/b u/]sf] lwtf]kq afktsf] /sd e'QmfgL
gx'Fb} k|rlnt sfg"g adf]lhd clwsf/ k|fKt clwsf/L jf lgosfoaf6 nufgLstf{sf] vftf /f]Ssf /fVg]
cfb]z k|fKt ePdf lgisfzg tyf laqmL k|aGwsn] To:tf] b/vf:t kmf/dnfO{ cfb]z adf]lhd ul/g]5 .
!@= lwtf]kq afF8kmfF8 ug'{k"j{ clVtof/ k|fKt lgsfoaf6 s'g} nufgLstf{sf] vftf /f]Ssf /fVg cfb]z jf lgb]{zg k|fKt ePdf
;DalGwt a}+s jf ljQLo ;+:yfn] To:tf] cfb]z jf lgb]{zg cg';f/ ;DalGwt nufgLstf{sf] vftf /f]Ssf u/L To;sf]
hfgsf/L t'?Gt lgisfzg tyf laqmL k|aGwsnfO{ lbg'kg]{5 .
!#= l;l8P; P08 lSnol/Ë lnld6]8af6 pknAw u/fOPsf] æd]/f] z]o/Æ ;km\6j]o/af6 klg cfj]bsn] cfj]bg ug{ ;Sg]5g\ .
To;sf nflu cfj]bsn] cfkm\gf] lxtu|fxL vftfdf a}+s vftfsf] ljj/0f pNn]v ul/;s]sf] x'g'kg]{5 / ;DalGwt a}+s tyf
ljQLo ;+:yfaf6 CRN g+= lnO;s]sf] x'g'kg]{5 .
!$= z]o/ afF8kmfF8 u/L ;"lrs/0f eP kZrft afF8kmfF8df k/]sf cfa]bsx?nfO{ afF8kmfF6df k/]sf] z]o/ gLhx?sf] lxtu|fxL
vftfdf hDdf ug]{ Joj:yf ul/g]5 .
!%= o; ljj/0fkq dfkm{t lgisfzg ul/g] z]o/sf nflu Go"gtd !) -bz_ lsQf tyf ;f] eGbf a9Lsf nflu !) -bz_ c+sn]
efu hfg] ;+Vofdf clwstd !),))) -b; xhf/_ lsQf ;Ddsf nflu cfj]bg lbg ;lsg]5 .

u=!! ;DalGwt kIf aLrsf] sf/f]af/ ;DaGwL ljj/0f M

lgisfzgstf{ ;+ul7t ;+:yf / lgDg lnlvt kIf aLr ljut @ jif{sf] cjlwdf s'g} k|sf/sf] j:t'ut sf/f]jf/ ePsf] jf s'g}
sf/f]jf/ ug{ k|:tfj ul/Psf] eP sf/f]jf/df ;+nUg JolQmx?sf] gfd, ltgLx?sf] ;+ul7t ;+:yf;Fusf] ;DaGw, sf/f]af/sf]
k|s[lt / /sd M
s_ ;+ul7t ;+:yfsf] sfo{sf/L clws[t jf ;+rfnssf] ?kdf /x]sf] JolQm M sf/f]jf/ gePsf] .
v_ cfwf/e"t z]o/wgL M
qm=;= ;+:yfks z]o/wgLx? z]o/ ;+Vof z]o/ /sd k|ltzt
!= g]kfn ;/sf/ 44,039,051 4,403,905,100 44.0391

@= /fli6«o aLdf sDkgL ln= 2,769,549 276,954,900 2.76955

# g]sf] OG;'/]G; ln= 1,618,168 161,816,800 1.61817

$ k|'8]lG;on OG:of]/]G; sDkgL ln= 1,618,168 161,816,800 1.61817

%= o'gfO6]8 OG:of]/]G; sDkgL ln= 1,618,168 161,816,800 1.61817

^= lk|ldo/ OG:of]/]G; sDkgL ln= 1,618,168 161,816,800 1.61817

&= n'lDagL hg/n OG:of]/]G; sDkgL ln= 1,618,168 161,816,800 1.61817

*= g]kfn OG:of]/]G; sDkgL ln= 1,618,168 161,816,800 1.61817

31
 (= lxdfnog hg/n OG:of]/]G; sDkgL ln= 1,618,168 161,816,800 1.61817

!)= lzv/ OG:of]/]G; sDkgL ln= 1,618,168 161,816,800 1.61817

!!= k|e' -PnfPG;_ OG:of]/]G; sDkgL ln= 1,618,168 161,816,800 1.61817

!@= PgPnhL OG:of]/]G; sDkgL ln= 1,114,141 111,414,100 1.11414

!#= cfOPdO{ hg/n sDkgL ln= 1,618,168 161,816,800 1.61817

!$= lb cf]l/o06n OG:of]/]G; sDkgL ln= 1,129,117 112,911,700 1.12912

!%= ;u/dfyf OG:of]/]G; sDkgL ln= 1,618,168 161,816,800 1.61817

!^= Pe/]i6 OG:of]/]G; sDkgL ln= 1,618,168 161,816,800 1.61817

!&= l;4fy{ OG:of]/]G; sDkgL ln= 1,618,168 161,816,800 1.61817

!*= cfOPdO{ ln= 1,209,452 120,945,200 1.20945

!(= ljzfn u|'k ln= 3,023,629 302,362,900 3.02363

u_ v08 -s_ / -v_ df pNn]lvt s'g} JolQmsf] Psf3/ kl/jf/ ;b:o M sf/f]jf/ gePsf] .
3_ ;+ul7t ;+:yfsf] sfo{sf/L clws[t jf ;+rfns jf cfwf/e"t z]o/wgLn] #) k|ltzt jf ;f] eGbf a9L dtflwsf/ x'g] u/L
z]o/ :jfldTj u|x0f u/]sf] sDkgL jf ;+ul7t ;+:yf M g]kfn ;/sf/ afx]s cGo;Fu gePsf] .
ª_ ;+ul7t ;+:yf jf To;sf] ;xfos sDkgLn] xfnsf] ;+rfns jf lghsf] Psf3/sf] kl/jf/sf] ;b:osf nflu s'g} sf/f]jf/ jf
;Demf}tf u/]sf] 5 eg] ;f] jf ljj/0fkq k|sfzg ug'{ eGbf # jif{ cufl8sf] cjlwdf ;+:yfsf] ;+rfns jf ;+rfnssf] Psf3/
kl/jf/sf] ;b:osf nflu s'g} sf/f]jf/ jf ;Demf}tf u/]sf] eP ;f] s'/f M s'g} sf/f]jf/ jf ;Demf}tf u/]sf] 5}g .
r_ s'g} ;+rfns jf ;+rfnssf] Psf3/ kl/jf/sf] ;b:onfO{ s'g} C0f lbPsf] jf lgh;Fu lnPsf] eP pQm C0f ;DaGwL lj:t[t
ljj/0f h:t} C0f afkt lnPsf] /sd, C0fsf] Aofhb/, C0f lnPsf] ldlt, C0f e'QmfgL cjlw cflb s'/f ljj/0fkqdf v'nfpg'
kg]{ M gePsf] .

u=!@ ljb]zL nufgL / Joj:yfkg ;DaGwL ljj/0f M

ljb]zL nufgL / Joj:yfkgdf ;+ul7t ;+:yf ;+rfng x'g] eP ;f] sf] ljj/0fsf ;fy} ;DalGwt ;Demf}tfsf d"Vo tyf tflTjs
a'Fbfx? M ;f] gePsf] .

u=!# ;"lrs[t ;+ul7t ;+:yfn] ;fj{hlgs lgisfzg ug]{ ePdf ;f] sf] ljj/0f M
xfn;Dd g]kfn :6s PS;r]Gh lnld6]8df ;"lrs/0f eO g;s]sf]] .

u=!$ kl5Nnf] ;fj{hlgs lgisfzgsf] cg'dfg tyf pknAwL ;DaGwL ljj/0f M ;f] gePsf] .

u=!% k/fdz{bftf÷ laz]if1 ;DaGwL ljj/0fM

s_ n]vfk/LIfs, k|d'v a}+s, lgisfzg sfo{;Fu ;+nUg a}+s, k|If]lkt ljQLo ljj/0f 7Ls 5 egL k|dfl0ft ug]{ lj1 cflbsf] gfd
tyf 7]ufgf M
c_ o; k'gaL{df sDkgLsf] ldlt @)&^÷)@÷#! ut] ;DkGg rf}yf] aflif{s ;fwf/0f ;efaf6 cf=a=@)&%÷)&^ sf]
n]vfkl/If0f ug{ Zofd sfsL{ P08 sDkgLnfO{ n]vfk/LIfsdf lgo'Qm ul/Psf] 5 .
cf_ o; lgisfzgsf] nflu k|d'v a}+ssf] Joj:yf ul/Psf] 5}g .
O_ o; lgisfzgsf] nflu b]xfosf] a}+snfO{ lgisfzg a}+s (Banker to the Issue) sf] ?kdf lgo'Qm ul/Psf] 5 .
l;=g+= gfd, 7]ufgf
!= >L /fli6«o afl0fHo a}+s lnld6]8, l;xb/jf/ Knfhf, sf7df8f}+ .
@= >L s'df/L a}+s lnld6]8, 6+ufn, sf7df8f}+ .
# >L Pglj a}+s lnld6]8 ,sdnfbL .
;fy} cfjZostf cg';f/ lgisfzg aGb ePsf] ldltn] # lbg leq af]8{nfO{ hfgsf/L lbO{ cGo jfl0fHo a}+s tyf
/fli6«o :t/sf] lasf; a}+sx?nfO{ ;d]t o; z]o/ lgisfzgsf] nflu lgisfzg a}+ssf] ?kdf lgo'Qm ug{ ;lsg]5 . o;
z]o/ lgisfzgsf] nflu g]kfn lwtf]kq af]8{af6 :jLs[lt k|fKt u/]sf l;–cf:jf (C-ASBA) ;b:o a}+s tyf ljQLo
;+:yfx? klg lgisfzg sfo{;Fu ;+nUg x'g]5 .
O{_ o; ljj/0fkqdf pNn]lvt ljQLo ljj/0f tyf k|If]k0fsf] cg'dfg tyf cfwf/x? xfnsf] ljQLo ahf/sf] l:ylt,
lgisfzgstf{ sDkgLsf] xfnsf] bIftf / lgisfzgstf{ sDkgLn] k|fKt u/]sf] xfn;Ddsf] sfo{ k|ultsf] cfwf/df
k'g/fjnf]sg u/L ljj/0f l7s 5 egL s]=o'=P;= P;f]l;P6;\sf rf6{8 Psfp06]06 >L lIflth sf]O/fnfåf/f k|dfl0ft
u/]sf] 5 .

32
u=!^ cfof]hgf ;DkGg ug{sf] nflu ;fj{hlgs lgisfzg afx]s cGo ljQLo >f]tx? k|of]u ul/Psf] 5÷5}g, tT;DaGwL ljj/0f M
nfu" gx'g] .

u=!&= d'2f tyf ljjfb ;DaGwL ljj/0f M

s_ ;+ul7t ;+:yfsf] t/ntf, df}Hbft, sfo{ ;+rfngdf tflTjs c;/ kg]{ vfnsf] s'g} d'2fdfldnf jf ljjfb eP ;f] ;DaGwL
ljj/0f tyf pk/f]Qm d'2f jf ljjfbsf] sf/0faf6 kg{ ;Sg] k|efj ;DaGwdf Joj:yfkgsf] wf/0ff M ;f] gePsf] .

v_ ;+ul7t ;+:yfnfO{ c;/ kg]{ u/L ;+:yfsf] ;+:yfks÷;+rfnsn] jf nfO{ bfo/ ul/Psf] d'2f ;DaGwL ljj/0f M ;f] gePsf] .

u_ ljut kfFr jif{df ;+ul7t ;+:yfsf] s'g} ;+:yfks÷;+rfns sfnf];"rLdf k/]sf] jf s'g} g}lts jf cfly{s sf/0faf6 s'g}
lgodg lgsfo jf cbfntn] ;hfo u/fPsf] eP, To:tf] ;+rfnssf] gfd / ;hfo ug]{ lgodg lgsfo jf cbfntsf] gfd
pNn]v ug'{ kg]{ M ;f] gePsf] .

3_ ;+ul7t ;+:yf a}+s jf ljQLo ;+:yfdf C0f glt/L l8kmN6 ePsf], lgod cg';f/sf] z'Ns glt/]sf], lwtf]kqjfnfx?sf] s'g}
/sd e'QmfgL gul/Psf] eP tT;DaGwL ljj/0fx? M;f] gePsf] .
u=!*= u'gf;f] ;'Gg] / ;dfwfg ug]{ k|s[of M o; ;fj{hlgs lgisfzg ;DaGwdf nufgLstf{x?sf] u'gf;f] ;'Gg / ;f]sf] ;dfwfgsf]
nflu lwtf]kq lgisfzg tyf laqmL k|aGwssf] sfof{no cf/ljlj dr]{06 a}+lsË lnld6]8, 6]s', sf7df8f}+df Ps ljz]if sIfsf]
Joj:yf ul/Psf] 5 . ;fy u'gf;f] ;'Gg / ;f]sf] ;dfwfgsf] nflu lwtf]kq lgisfzg tyf laqmL k|jGwssf] sfof{nodf >L
;[hgf afF:sf]6fnfO{ kmf]g g+ )!–$@$)(#@÷## -PS; @@#_ df ;Dks{ ug{ ;lsg]5 .

u=!( gub glnO{ s;}nfO{ lwtf]kq lgisfzg ul/Psf] 5 eg] To:tf] JolQm jf ;d"xsf] gfd, vl/b ul/Psf] ;DklQ jf ;]jf ;DaGwL
ljj/0f, lgisfzg ul/Psf] lwtf]kqsf] ;+Vof / b/ ;DaGwL ljj/0f M ;f] gePsf] .
u=@) C0fkq lgisfzg ;DaGwL ljj/0f M ;f] gePsf] .
u=@! cu|flwsf/ z]o/ lgisfzg ;DaGwL Joj:yf M ;f] gePsf] .

u=@@ cGo ;fdfGo hfgsf/L M

s_ ljz]if1sf] s'g} /fo ePdf, ;f]sf] ljj/0f M
o; ljj/0fkqdf pNn]lvt ljQLo ljj/0f tyf k|If]k0fsf] cg'dfg tyf cfwf/x? xfnsf] ljQLo ahf/sf] l:ylt,
lgisfzgstf{ k'gaL{df sDkgLsf] xfnsf] bIftf / lgisfzgstf{ k'gaL{df sDkgLn]] k|fKt u/]sf] xfn;Ddsf] sfo{ k|ultsf]
cfwf/df k'g/fjnf]sg u/L ljj/0f 7Ls 5 egL rf6{8{ Psfp06]06 ;+:yf s]=o'=P;= P;f]l;P6;\sf rf6{8 Psfp06]06 >L
lIflth sf]O/fnfaf6 k|dfl0ft ul/Psf] .

v_ ut tLg cfly{s jif{ leqdf s'g} ;+rfns, n]vfk/LIfs kl/jt{g ePsf] eP, ;f]sf] sf/0f M

qm=;+= Gffd Kfb kl/jt{g ePsf] sf/0f kl/jt{g ePsf] cf=j=

!= ;'jf]w P;f]l;P6;\ rf6{8 n]vf k/LIfs ;fwf/0f ;efsf] lg0fo{ @)&%÷&^
Psfp06]06
@= /fd s[i0f ;'j]bL ;+rfns cy{ dGqnosf] lg0f{ofg';f/ @)&#÷&$
#= d''s'Gb /fh kGyL ;+rfns cy{ dGqnosf] lg0f{ofg';f/ @)&%÷&^
$= lgs'~h cu|jfn ;+rfns ;+rfns :jo+af6 /flhgfdf @)&^÷&&

u_ sDkgL ;lrjsf] gfd, 7]ufgf / of]Uotf M

gfd M lai0f' k|;fb pkfWofo
kb M sDkgL ;lrj
7]ufgf M l;/xL–!, l;/xf
of]Uotf M Pd=la=P=
cg'ej M @@ jif{ aLdf If]qsf] cg'ej

3_ ;fj{hlgs lgisfzg (Intial Public Offering) ug{sf nflu ;+rfns ;ldltaf6 ePsf] lg0f{o ;DaGwL ljj/0f M

ldlt @)&$.!@.#) df ;DkGg t];|f] jflif{s ;efsf] lg0f{o cg';f/ sDkgLsf] hf/L k'FhLsf] !^ k|ltzt ;fwf/0f z]o/
;j{;fwf/0fsf] nfuL 5'6\ofPsf] / ldlt @)&%.)*.!( -a}7s g+= @@!_ sf] lg0f{o cg';f/ sDkgLsf] sd{rf/L ;lxt ;j{;fwf/0f
z]o/wgL ;d"xsf] k|lt lsQf ?=!)) b/sf !,^),)),))) -Ps s/f]8 ;f7L nfv_ lsQf ;fwf/0f z]o/ sd{rf/L ;lxt
;j{;fwf/0fsf] nflu hf/L ug]{ lg0f{o ul/Psf] o; ;d'xsf nfuL 5'6\ofPsf] z]o/ dWo] cy{dGqfnosf] kq ;+Vof lj=If]=Jof=tyf

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 ;+=;=@)&^÷&& r=g=%^# af6 lgb]{z ePadf]lhd sDkgLdf sfo{/t :yfoL sd{rf/Lx?nfO{ ;j{;fwf/0fsf nflu 5'6\ofOPsf]
z]o/ ;+Vof dWo]af6 #%)) lsQfdf ga9\g] ul/ z]o/ af+8kmf+8 ug{'kg]{ lgb]{zg eP adf]lhd ldlt @)&^÷!!÷)$ ut] sf]
lg0f{o cg';f/ lgb]{zg eP adf]lhd ug]{ lg0f{o ul/Psf] .

ª_ ;+ul7t ;+:yf jf o;sf z]o/wgLnfO{ s'g} ljz]if s/ ;'ljwf lbOPsf] eP, ;f] ;DaGwL ljj/0f M ;f] gePsf]

r_ ;+ul7t ;+:yfsf] kl5Nnf] cfly{s jif{sf] n]vfk/LIf0f ePsf] jf;nft, gfkmf gf]S;fg lx;fj / gub k|jfx ljj/0f k|fKt ug{ jf
x]g{ ;Sg] 7fpF / ;do M
sfof{no ;doleq lgDg :yfgx?df ;Dks{ /flv k'gaL{dfsf] kl5Nnf] cfly{s jif{sf] n]vfk/LIf0f ePsf] jf;nft, gfkmf–gf]S;fg
lx;fj tyf gub k|jfxsf] ljj/0f k|fKt ug{ jf lg/LIf0f ug{ ;lsg]5 .
!= g]kfn k'gaL{df sDkgL lnld6]8sf]] /lhi6{8{ sfof{no, yfkfynL, sf7df8f}+ jf www.nepalre.com.np .
@= lwtf]kq lgisfzg tyf laqmL k|jGws >L cf/ljlj dr]{06 a}+lsË lnld6]8, 6]s', sf7df8f}+ jf www.rbbmbl.com.np .

5_ af]g; z]o/ ;DaGwL Joj:yf M

k|rlnt P]g / g]kfn lwtf]kq af]8{sf] k|rlnt af]g; z]o/ lgisfzg ;DaGwL Joj:yf cg';f/ k'gaL{dfn] af]g; z]o/ hf/L ug{
;Sg]5 .

h_ z]o/jfnf, sd{rf/L jf c? s;}sf] nflu z]o/ ;'/lIft ug]{ Joj:yf ul/Psf] ePdf ;f] s'/f M
!= o; ljj/0fkq dfkm{t\ lgisfzg ul/g] k|lt z]o/ ?=!)) clÍt b/sf !,^),)),))) lsQf z]o/ dWo] &#,%)) lsQf z]o/
sDf{rf/Lx?nfO{ ;'/lIft ul/Psf] / ;fd'lxs nufgL sf]ifsf] nflu % k|ltzt cyf{t *)),))) lsQf z]o/ 5'§fOPsf] 5 .
@= o; ljj/0fkq dfkm{t\ lgisfzg ul/g] ;fwf/0f z]o/x? k'/f laqmL x'g g;s]df afFsL /x]sf z]o/x? sDkgL;+u ePsf] ;Demf}tf
adf]lhd k|Tofe'tstf{n] vl/b ug]{5 .

em_ g]kfn k'gaL{dfn] sDkgL P]gn] u/]sf Joj:yfx?, cfˆgf] sf/f]af/;Fu ;DalGwt P]g, lgod tyf lgodg Joj:yf k"0f{ kfngf
u/]sf] ;DaGwdf u/]sf] pb\3f]if0f M
k'gaL{df sDkgLn]] aLdf lgodfjnL, @)$( n] u/]sf Joj:yfx?, cfkm"n] ug]{ Joj;fo;Fu ;DalGwt P]g, lgod tyf lgodg
Joj:yf tyf lgodg lgsfox?n] lbPsf] lgb]{zgx?sf] ljut !@ dlxgfdf k"0f{ ?kdf kfngf u/]sf] 5 / ;f]xL lgb]{zgx?sf]
bfo/fleq /xL sfo{ ul//x]sf] / o; ljj/0fkqdf pNn]v ul/Psf ljj/0fx? ;d]t ;f]xL cg'?k tof/ ul/Psf] xf] eGg]
sDkgLsf] pb\3f]if0f /x]sf]5 .

`_ lwtf]kq laqmL ljt/0f ;DaGwL Joj:yf M

lwtf]kq af]8{af6 cf:jf (ASBA) sf] ;b:otf lnPsf a}+s tyf ljQLo ;+:yfx?af6 o; lgisfzgsf nflu cfj]bg a'lemlng]
Joj:yf ul/Psf] 5 .

6_ qm]l86 /]l6Ë ;DaGwL Joj:yfM o; ljj/0fkq cg';f/ ;j{;fwf/0fx?df lgisfzg ul/g] ;fwf/0f z]o/sf] nflu æqm]l86 /]l6Ë
lgodfjnL, @)^*Æ sf] lgod # df ePsf] Joj:yf adf]lhd sDkgLn] g]kfn lwtf]kq af]8{af6 cg'dlt k|fKt qm]l86 /]l6Ë
;+:yf O{qmf g]kfn ln=, l8NnLahf/, sf7df8f}+af6 qm]l86 /]l6Ë u/fO{ æ[O{qmfPglk] cfO{lkcf] u|]8 @Æk|df0fkq k|fKt u/]sf] 5 .
O{qmf g]kfnn] ! b]lv % KjfOG6 u|]l8Ë k|bfg ub{5 . h;df u|]8 ! n] alnof] cfwf/ hgfpF5 eg] u|]8 % n] sdhf]/ cfwf/x?
hgfpF5 . u|]8 @, # / $ df k|of]u ul/g] + (Plus) lrGxn] o; ;d"xsf t'ngfTds ;sf/fTds l:yltnfO{ hgfpF5 . qm]l86
/]l6Ë u|]8sf] afxfn cjlw @)&&÷)#÷)# ut] ;Dd sfod /xg]] 5 . qm]l86 /]l6Ë ;DaGwL ljj/0f o; ljj/0fkqsf] cg';"rLdf
;+nUg ul/Psf] 5 .

7_ ljj/0fkq tof/ ug]{ JolQmsf] gfd, y/, z}lIfs of]Uotf / cg'ejsf] ljj/0f M
o; ljj/0fkq tof/ kfg]{ >L cf/ljlj dr]{06 a}+lsË lnld6]8 g]kfn lwtf]kq af]8{af6 :jLs[tL k|fKt lgisfzg tyf laqmL
k|aGwssf] sfo{ ug{ :jLs[tL k|fKt Joj;flos ;+:yf xf] .

8_ ;sf/fTds kIfx? M
 aLdf tyf ljQLo If]qdf cg'ejL tyf bIf Joj:yfksx?åf/f ;+rflnt .
 cfly{s / k|ltikwL{ k'gaL{df Joj;fo ;'xfpFbf] /0fgLlt cjnDjg u/L Joj;fo lj:tf/ ug{ ;kmn /x]sf] .

9_ z]o/ /lhi6«f/ ;DaGwL Joj:yf M

g]kfn :6s PS;r]Gh lnld6]8df ;"lrs/0f kZrft z]o/sf] bflvn, vf/]h, b:tvt ?h', cflb ;DaGwL sfo{ o; k'gaL{df
sDkgLsf] sfof{noaf6 jf o; sDkgLsf] ;~rfns ;ldltn] tf]s]adf]lhd z]o/ /lhi6«f/sf] sfof{n oaf6 x'g] ul/ Joj:yf
ul/g]5 .

34
 0f_ lwtf]kq laqmL v'Nnf cjlw M
o; ljj/0fkqåf/f ;fj{hlgs lgisfzg (Intial Public Offering) dfkm{t\ ;j{;fwf/0fx?df hf/L ul/g] z]o/x?sf] nflu
cfj]bg lbg] cjlw laqmL v'Nnf ePsf] ldltaf6 sDtLdf $ lbg / al9df !% lbg;Dd v'Nnf /xg]5 .

@#= o; ljj/0fkqdf k|sflzt tYo tyf ljj/0fx? 7Ls b'?:t 5g, ;f]df s' g} km/s k/]df xfdL ;+rfnsx? k"0f{ ?kdf lhDd]jf/
x'g]5f}+ egL ;xL 5fk ug]{ ;+rfns tyf lj1x?sf] gfd tyf b:tvt .

qm=;+= Gffd kb b:tvt

!= dx]z s'df/ u'/fufO+{ cWoIf

@= wlg/fd zdf{ ;+rfns

#= /d]z /fgf ;+rfns

$= lbk k|sfz kf08] ;+rfns

%= k'?iff]Qd ;'a]bL :jtGq lj1 ;+rfns

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@$= lgisfzg tyf laqmL k|aGwsn] k|:t't u/]sf] k|ltj4tf kq -8\o' 8]lnh]G;\ ;l6{lkms]6_ sf] k|lt M

36
@%= ljj/0fkq, ljQLo ljj/0f tyf cGo s'g} s'/fdf lj1n] /fo lbPsf] eP ;f] ;DaGwL kq M

37