sDkgL P]g, @)^# cGtu{t ;+:yflkt / ;~rflnt

/lhi68{ sfof{no M sf7df08f} dxfgu/kflnsf j8f g+= @^, n}grf}/, xfyj] sDKn]S;, sf7df08f}+ .
kmf]g g+=M )!–$%@$$^%, ˆofS; g+=M )!—$%@!*!#
Od]n M info@hathwaynepal.com.np j]e;fO6M www.hathwaynepal.com.np
sf]
ljj/0f–kq
-lwtf]kq ;DaGwL P]g, @)^# sf] bkmf #) tyf sDkgL P]g, @)^# sf] bkmf @# cGtu{t k|sflzt_
sDkgLn] o; ljj/0fkq dfkm{t cfkm\gf] hf/L kFh" L ?=!,!&,)),)),))).– -cIf/]kL Ps ca{ ;q s/f]8 dfq_ sf] !@=% k|ltzt cyf{t ?=!$,^@,%),))).–-cIf/]kL rf}w s/f]8
a};¶L nfv krf; xhf/ dfq_ /sd a/fa/sf] k|lt lsQf c+lst d"No ?=%).— b/sf] @(,@%,))) lsQf ;fwf/0f z]o/sf] !) k|ltztn] x'g] @,(@,%)) lsQf z]o/ a/fa/sf]
/sd ?=!,$^,@%,))).– -cIf/]kL Ps s/f]8 5ofnL; nfv krL; xhf/ dfq_ g]kfn ;/sf/sf] ;DalGwt lgsfosf] >d :jLs[lt lnO{ a}b]lzs /f]huf/Ldf /lx/x]sf g]kfnL
gful/sx?sf] nflu, @(,@%,))) lsQf z]o/sf] @ k|ltztn] x'g] %*,%)) lsQf z]o/ a/fa/sf] /sd ?=@(,@%,))).– -cIf/]kL pgfGtL; nfv krL; xhf/ dfq_ sDkgLdf
sfo{/t sd{rf/Lx?sf] nflu / @(,@%,))) lsQf z]o/sf] % k|ltztn] x'g] !,$^,@%) lsQf z]o/ a/fa/sf] /sd ?=&#,!@,%)).– -cIf/]kL lqxQ/ nfv afx| xhf/ kfFr ;o
dfq_ ;fd'lxs nufgL sf]ifsf] nflu ;'/lIft u/L afFsL] @$,@&,&%) lsQf z]o/ a/fa/sf] /sd ?=!@,!#,*&,%)).– -cIf/]kL afx| s/f]8 t]x| nfv ;tf;L xhf/ kfFr ;o dfq_
;j{;fwf/0fx?sf] nflu lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# sf] clwgdf /xL lgisfzg ul/Psf] 5 .

o; sDkgL ldlt @)^%÷!@÷!$ df sDkgL P]g, @)^# adf]lhd sDkgL /lhi6«f/sf] sfo{nodf k|lt z]o/ d"No ?=%).– -sDkgL P]g, @)^# sf] kl/R5]b $ bkmf @& -@_
adf]lhd klAns sDkgLsf] z]o/sf] c+lst d"No k|lt z]o/ krf; ?k}ofF jf bz c+sn] efu hfg] ;f]eGbf a9L c+sn] x'g cfpg] u/L k|aGwkq tyf lgodfjnLdf Joj:yf eP
adf]lhdsf] /sd a/fa/ x'g]5 eGg] pNn]v ePsf]_ c+lst d"Nodf ;+:yfks z]o/wgLx?nfO{ hf/L u/L ;+:yfkgf eO{ ;~rfng xF'b} cfPsf] tyf lwtf]kq btf{ tyf lgisfzg
lgodfjnL, @)&# sf] lgod $@ pklgod -!_ adf]lhd ;fwf/0ftof lwtf]kqsf] c+lst d"No z]o/sf] xsdf k|lt O{sfO{ Ps;o ?k}ofF x'g]5 eGg] Joj:yf ePsf]d f ;fwf/0ftof
zAbn] clgjfo{tfsf] cy{ gnfUg], o; sDkgLsf] xsdf xfn cfP/ lwtf]kq lgisfzg k|of]hgsf nflu geO{ sDkgL ;+:yfkgf ubf{sf jvt g} k|lt z]o/ ?=%).– c+lst d"No
sfod /x]sf] tyf xfn ? !)).– eGbf sd c+lst d"No ePsf] sDkgL ;d]t ;'rLs[t eO{ lwtf]kq ahf/df ;d]t sf/f]af/ eO/x]sf] tYo ;d]tnfO{ dWogh/ ub}{ o; sDkgLn]
cfˆgf] k|lt lsQf z]o/ c+lst d"No ?=%).– sfod ul/Psf] .
b/vf:t;fy k|lt ;fwf/0f z]o/ ?=%).– sf] b/n] -ztk|ltzt e'QmfgL dfu ul/Psf]_
g]6jy{ ;DaGwL tflnsf :
jf:tljs *cf=j=)&(÷)* k|If]lkt
ljj/0f cf=j= cf=j= cf=j= ) r}q d;fGt cf=j= cf=j= cf=j=
)&^÷)&& )&&÷)&* )&*÷)&( ;Dd )&(÷)*) )*)÷)*! )*!÷)*@
k|lt z]o/ g]6jy{ -?=_ ^$=!# !@(=%% (%=)( 80.63 84.57 88.17 99.71
k|lt z]o/ cfDbfgL -?=_ !=$# #$=@ (=%^ 0.17 1.31 5.78 7.25
;l~rt d'gfkmf-gf]S;fg_ -?=xhf/df_ 32,814 6,36,464 #,*!,&*! 2,79,406 3,06,215 4,41,384 6,10,940
gf]6 M Joj:yfkg tyf n]vfkl/Ifsaf6 k|dfl0ft ljQLo ljj/0f .
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{ :jo+sf] x'g]5 / lwtf]kqsf] lgisfzg d"Non] ;"rLs/0f kZrft\ lwtf]kq
ahf/df x'g] sf/f]af/ d"No ghgfpg] x'Fbf o; ljj/0fkqsf] bkmf u -*_ k]h g+= !# df pNn]lvt hf]lvdx? ;d]tsf] cWoog u/]/ dfq nufgL ;DaGwL lg0f{o lng ;'emfj
ul/G5 .
o; sDkgLsf] ;+:yfks tyf ;~rfnsx? / ;+:yfks z]o/wgLx?sf Psf3/sf] ;b:on] o; ljj/0fkq dfkm{t lgisfzg ul/g] k|fylds ;fj{hlgs lgisfzgdf cfj]bg lbg kfpg] 5|}gg\ .
o; ljj/0fkq dfkm{t lgisfzg ePsf z]o/x?dWo]] sd{rf/Lx?nfO{ 5'§ofOPsf] z]o/ ;j{;fwf/0fdf afF+8kmfF+6 ePsf] ldltn] #-tLg_ aif{ k"/f geP;Dd laqmL ljt/0f jf x:tfGt/0f ug{ kfOg] 5}g.

lgodg lgsfosf] hjfkmb]xLtf g/xg] pb\3f]if0f M

o; ljj/0fkqdf pNn]lvt lwtf]kq ;fj{hlgs lgisfzgsf nflu tof/ ul/Psf] xf] . o; ljj/0fkqnfO{ lwtf]kq ;DaGwL P]g , @)^# adf]lhd g]kfn lwtf]kq af]8{n] :jLs[lt
k|bfg u/]sf] 5 . o;/L af]8{n] ljj/0fkq :jLs[lt k|bfg u/]sf] sf/0faf6 s;}n] klg g]kfn lwtf]kq af]8{, sDkgL /lhi6«f/sf] sfof{no jf ;Dj4 cGo lgodg lgsfon]
ljj/0fkqdf pNn]lvt s'/fsf] ;Totf jf lgisfzgstf{ jf sDkgLsf] cfly{s ;Ifdtfsf] af/]df s'g} k|sf/sf] k|Tofe"\t u/]sf] jf lhDd]jf/L lnPsf] dflgg] 5}g .
O:o'c/ /]l6Ë (Issuer Rating) ;DaGwL ljj/0f M
o; ljj/0fkq cg';f/ lgisfzg ul/g] ;fwf/0f z]o/sf] nflu lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# -t];|f] ;+zf]wg ;lxt_ df ePsf] Joj:yf adf]lhd sDkgLsf]
O:o"c/ /]l6Ë u/fpg' kg]{ ePsf]n] qm]l86 /]l6Ë lgodfjnL, @)^* sf] lgod # 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 O:o"c/ /]l6Ë u/fO{ "[ICRANP-IR] BBB-" (pronounced as ICRA NP issuer rating Triple B Minus) k|df0fkq k|fKt u/]sf] 5 . "[ICRANP-IR]
BBB-" n] dWod:t/sf] qm]l86 hf]lvd /x]sf] / ;f] cg';f/sf] hf]lvd axg ug]{ -Moderate degree of safety regarding timely servicing of financial obligations.
Such issuers carry moderate credit risk_ eGg] a'lemG5 .

O:o"c/ /]l6Ë k|bfg u/]sf] ldlt M@)&(÷!@÷@$ -tbg';f/ clk|n )&, @)@#_ axfn /xg] cjlw @)*)÷!@÷@# -tbg';f/ clk|n )^, @)@$_
g]kfn lwtf]kq af]8{af6 ljj/0fkqdf :jLs[t k|fKt ldlt M @)*)÷)#÷!& sDkgL /lhi6«f/sf] sfof{nodf ljj/0fkq btf{ ldlt M @)*)÷)#÷@)
lwtf]kq lgisfzg v'Nnf x'g] ldlt
lgisfzg v'Nnf x'g] ldlt M @)*)÷)%÷@! lgisfzg aGb x'g] ldlt -l9nf]df_ M @)*)÷)^÷)$ lgisf;g aGb x'g] ldlt -l56f]df_ M@)*)÷)%÷@%
lwtf]kq lgisfzg tyf laqmL k|aGws M

Unf]an cfOPdO{ SofkL6n lnld6]8

kf]=a=g+=@!%((, j8f g+= !, gS;fn, sf7df08f}+
kmf]g g+= M )!–%(&)!#* ˆofS; g+=M )!–$%$%&)@
Email: info@gicl.com.np Web: www.globalimecapital.com
v=!= ljj/0fkqdf k|of]u ePsf k|fljlws tyf cGo zAbfjnLsf] kl/efiff M

-s_ æljj/0fkqÆ eGgfn] lwtf]kq ;DaGwL P]g, @)^# sf] bkmf #) tyf sDkgL P]g, @)^# sf] bkmf @# cGtu{t k|sflzt
ljj/0fx? ePsf] k'l:tsfnfO{ ;Demg' kb{5 .
-v_ ælwtf]kq lgisfzg tyf laqmL k|aGwsÆ eGgfn] Unf]an cfOPdO{ SofkL6n lnld6]8nfO{{ ;Demg' kb{5 .
-u_ æsDkgLÆ eGgfn] lgisfzgstf{ sDkgL xfyj] OGe]i6d]G6 g]kfn lnld6]8nfO{ ;Demg' kb{5 .
-3_ æsDkgLsf sd{rf/Lx?Æ eGgfn] xfyj] OGe]i6d]G6 g]kfn lnld6]8sf kbflwsf/Lx? nufotsf sd{rf/Lx? ;Demg'kb{5 .
-ª_ æ;+sng s]Gb|Æ eGgfn] ;fj{hlgs lgisfzgsf] nflu tof/ ul/Psf] ljj/0fkq / b/vf:t kmf/d k|fKt ug{ ;lsg] tyf
b/vf:t kmf/d ;fy /sd a'emfpg ;lsg] u/L tf]lsPsf ;+:yfx?nfO{{ ;Demg' kb{5 .
-r_ ælgisfzg a}+sÆ eGgfn] ;fj{hlgs lgisfzgaf6 ;+sng x'g cfPsf] /sdnfO{ hDdf ug{sf] nflu tf]lsPsf] a}+snfO{
;Demg' kb{5 .
-5_ ælgodg lgsfoÆ eGgfn] g]kfn lwtf]kq af]8{ / sDkgL /lhi6«f/sf] sfof{nonfO{ ;Demg' kb{5 .
-h_ æ;+:yfksÆ eGgfn] xfyj] OGe]i6d]G6 g]kfn lnld6]8sf] ;+:yfks z]o/wgLnfO{ ;Demg' kb{5 .
-´_ æ;~rfnsÆ eGgfn] xfyj] OGe]i6d]G6 g]kfn lnld6]8sf] ;~rfnsnfO{ ;Demg' kb{5 .
-`_ æsfo{sf/L k|d'vÆ eGgfn] xfyj] OGe]i6d]G6 g]kfn lnld6]8sf sfo{sf/L k|d'v ;Demg' kb{5 .
-6_ æJoj:yfkgÆ eGgfn] xfyj] OGe]i6d]G6 g]kfn lnld6]8sf] Aoj:yfkgnfO{ ;Demg' kb{5 .
-7_ æaf]8{Æ eGgfn] g]kfn lwtf]kq af]8{nfO{{ ;Demg' kb{5 .
-8_ æcfwf/e"t z]o/wgLÆ eGgfn] sDkgLsf] r'Qmf k"FhLsf] Ps -!_ k|ltzteGbf a9L z]o/ wf/0f u/]sf] z]o/wgLnfO{ ;Demg'
kb{5 .
-9_ ænufgL sDkgLÆ eGgfn] k"jf{wf/ nufotsf ;+ul7t ;+:yfsf] ;+:yfks z]o/wgLsf] ?kdf nufgL ug]{ u/L :yfkgf
ePsf] sDkgL ;Demg' kb{5 .
-0f_ æv'b ;DklQ d"NoÆ eGgfn] ;+ul7t ;+:yfsf] z]o/sf] r'Qmf k"FhL tyf hu]8f sf]ifx?sf] s'n hf]8df ;l~rt gf]S;fgLsf]
s'n /sd / ckn]vg ug{ afFsL :yug / ljljw vr{x? tyf Voflt 36fO{ afFsL /xg hfg] /sd ;Demg' k5{ .
-t_ æk|lt z]o/ cfDbfgLÆ eGgfn] s/ kl5sf] gfKfmfnfO{ s'n z]o/ ;+Vofn] efu ubf{ cfpg] k|ltKfmnnfO{ ;Demg' kb5{ .
-y_ æk|lt z]o/ g]6jy{Æ eGgfn] sDkgLsf] s'n g]6jy{nfO{ s'n ;]o/ ;+Vofn] efu ubf{ cfpg] k|ltKfmnnfO{ ;Demg' kb5{ .
-b_ ælwtf]kq k|Tofe"ltstf{Æ eGgfn] lwtf]kq Joj;foL -dr]{06 a}+s/_ lgodfjnL, @)^$ sf] lgod !^ sf] v08 -v_
adf]lhdsf] lwtf]kq k|Tofe"le -c08//fOl6Ë_ sf] sfo{ ug{ cg'dltkq k|fKt lwtf]kq Joj;foL glan OGe]i6d]G6 a}+lsË
ln= nfO{ ;Demg'k5{ .
-w_ æljk|]if0f -/]ld6\ØfG;_ art vftfÆ eGgfn] g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 >d :jLs[tL k|fKt u/L ljb]zdf a;L
/f]huf/L ul//x]sf g]kfnL gful/ssf] af]8{af6 lwtf]kq v/Lb b/vf:t ;+sng ;DaGwL sfo{ ug{ cg'dlt k|fKt cf:jf
;b:o a}+s jf ljQLo ;+:yfdf ;DalGwt JolQmsf] gfddf /x]sf] ljk|]if0f -/]ld6ØfG;_ art vftf ;Demg' kb{5 .
-g_ æcf:jf ;b:oÆ eGgfn] g]kfn lwtf]kq af]8{af6 cf:jf ;b:otf lnPsf a}+s tyf ljQLo ;+:yfnfO{ ;Demg' kb{5 .
-k_ æljQLo ljj/0fÆ eGgfn] ;+ul7t ;:yfsf] jf;nft, cfo Joo ljj/0f, gub k|jfx ljj/0f ;Demg' kb{5 / ;f] zAbn]
OlSj6Ldf ePsf] kl/jt{gsf] ljj/0f / n]vf gLlt tyf n]vf;Fu ;DalGwt l6Kk0fLx? ;d]tnfO{ hgfpbF5 .
-km_ æj}b]lzs /f]huf/LÆ eGgfn] g]kfn ;/sf/sf]] ;DalGwt lgsfoaf6 >d :jLs[t k|fKt u/L ljbz]df a;L /f]huf/ ul//xsf
g]kfnLx?nfO{ ;Demg' kb{5 .

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

ljj/0fkq k|fKt ug{ ;Sg] :yfg

qm=;+= sDkgLsf] gfd / 7]ufgf j]e;fO6

!= >L Unf]an cfOPdO{ SofkL6n lnld6]8, sf7df08f}+ dxfgu/kflnsf j8f g+= !, www.globalimecapital.com
nId0f afa' ejg, gS;fn .
@= >L xfyj] OGe]i6d]G6 g]kfn lnld6]8, sf7df08f} dxfgu/kflnsf j8f g+= @^, www.hathwaynepal.com.np
n}grf}/, xfyj] sDKn]S; .

;fy}, lgisfzg tyf laqmL k|aGwssf] j]e;fO6 www.globalimecapital.com, lgisfzgstf{ sDkgLsf] j]e;fO6
www.hathwaynepal.com.np / g]kfn lwtf]kq af]8{sf] j]e;fO6 www.sebon.gov.np af6 ;d]t o; lgisfzgsf]
nflu :jLs[t ljj/0fkq x]g{ ;Sg'x'g]5 .

;j{;fwf/0fsf] nflu b/vf:t kmf/fd k|fKt ug]{ / b/vf:t a'emfpg] :yfgx? M

g]kfn lwtf]kq af]8{af6 cg'dlt k|fKt cf:jf (ASBA) ;]jfdf ;xefuL a}+s tyf ljQLo ;+:yfx? / ltgsf zfvf sfof{nox?
tyf l;l8P; P08 lSnol/Ë lnld6]8af6 pknAw u/fOPsf] æd]/f] z]o/Æ ;ˆ6j]o/af6 cfj]bsx?n] cfj]bg ug{ ;Sg]5g\ .

1
u=!=lwtf]kq lgisfzg tyf laqmL k|aGwssf] pb\3f]if0f M

xfdLnfO{ lgisfzgstf{ ;+ul7t ;+:yf tyf o;sf ;+:yfks÷;~rfnsx¿n] pknAw u/fPsf] ljj/0f tyf hfgsf/Lx?sf] cfwf/df
o; ;+:yfsf] Joj:yfksLo, 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]lvPsfn] 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 lwtf]kq ;DaGwL P]g, @)^# / lwtf]kq btf{ tyf
lgisfzg lgodfjnL, @)&# cg'?ksf] of]Uotf k'u]sf] k|lta4tfkq -Due Deligence Certificate_ k|:t't u/]sf 5f}+ .

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

u=@=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'4tfk|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? AolQmut jf ;fd"lxs ?kdf hjfkmb]lxtf
axg ub{5f}+ / lwtf]kq lgisfzgsf nflu tf]lsPsf zt{ tyf cfjZostfx?sf] ;DaGwdf cfjZos hfgsf/L lnO{ xfdL of]
pb\3f]if0f ub{5f}+ ls tf]lsPsf zt{ tyf cfjZostfx? ;a} kfngf u/]sf 5f}+ / nufgLstf{x?nfO{ nufgL ;DaGwL lg0f{o lng
cfjZos s'g} ljj/0f, ;"rgf tyf hfgsf/Lx? n'sfPsf 5}gf}+ .

u=@=v= ;+ul7t ;+:yfsf] hjfkmb]lxtf ;DaGwL pb\3f]if0f M

o; sDkgLn] k|sflzt u/]sf] ljj/0fkq, ;fj{hlgs k|:tfj, lj1fkg jf cGo s'g} ;"rgfdf pNn]v ePsf ljj/0f afx]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] axg ug'{kg]{5 .

u=@=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, g]kfn
lwtf]kq af]8{ cflb_ 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 plNnlvt ;Demf}tf jf cGo ljj/0fx? g]kfn lwtf]kq
af]8{ / sDkgL /lhi6«f/sf] sfof{nodf k]z u/]sf 5f}+ . ;fy} sDkgL /lhi6«f/sf] sfof{nodf cf=j= @)&*÷)&( ;Ddsf] ljj/0fx?
k]z u/L pQm sfof{nosf] ldlt @)&(÷)*÷@! sf] kqfg';f/ o; sDkgL cf=j= @)&*÷)&( ;Ddsf] nflu cWofjlws ul/Psf]
5.

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

-!_ o; ;+ul7t ;+:yfsf] ;+:yfks, ;~rfns jf k|aGw ;~rfns shf{ ;"rgf s]Gb|sf] sfnf] ;"rLdf /x]sf 5}gg\ .
-@_ o; ;+ul7t ;+:yfsf] ;~rfns jf sfo{sf/L k|d'v sfnf] ;"rLdf /x]sf] cGo ;+ul7t ;+:yfdf ;~rfns jf k|d'v sfo{sf/L
clws[t /x]sf 5}gg\ .
-#_ ;fj{hlgs lgisfzg dfkm{t ;j{;fwf/0faf6 k"FhL ;+sng u/L a]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; sDkgLsf] ;~rfns jf sfo{sf/L k|d'v 5}gg\.
-$_ lwtf]kq ;DaGwL sfg'g ljk/Lt sfo{ u/]sf] sf/0f lwtf]kq ahf/ jf lwtf]kq Joj;foLsf] cg'dltkq vf/]h ePsf] bz jif{ k"/f
gePsf] ;+ul7t ;+:yfsf] ;~rfns jf k|d'v sfo{sf/L clws[t o; sDkgLsf] ;~rfns jf sfo{sf/L k|d'v 5}gg\ .
-%_ o; ;+ul7t ;+:yfsf] ;~rfns jf k|aGw ;~rfns lwtf]kq ;DaGwL P]g, @)^# sf] bkmf !)* adf]lhd ;~rfns jf
sfo{sf/L k|d'v x'g cof]Uo /x]sf 5}gg\ .

2
u=#= ;+ul7t ;+:yf ;DaGwL hfgsf/L M
u=#=s= ;+ul7t ;+:yfsf] k[i7e"ld M
-s_ ;+:yfsf] gfd M xfyj] OGe]i6d]06 g]kfn lnld6]8 (Hathway Investment Nepal Limited)
-v_ ;+:yf s'g P]g cGtu{t :yflkt ePsf] ;f] s'/f M sDkgL P]g, @)^# cGtu{t :yflkt .
-u_ ;+:yfsf] /lhi68{ 7]ufgf M o; sDkgLsf] /lhi68{ sfof{no afudtL k|b]z, sf7df08f} lhNnf sf=d=g=kf=j8f g+= @^,
n}grf}/ l:yt xfyj] sDKn]S;df /x]sf] 5 .
-3_ sf/f]af/ ug]{ d'Vo :yfg M o; sDkgLsf] sf/f]af/ ug]{ d'Vo :yfg sDkgLsf] /lhi68{ sfof{no afudtL k|b]z, sf7df08f}
lhNnf sf=d=g=kf=j8f g+= @^, n}grf}/ l:yt xfyj] sDKn]S;df /x]sf] 5 .

-ª_ ;+ul7t ;+:yfsf] :yfkgfsfnb]lv xfn;Ddsf] ;+lIfKt Oltxf; / ;+ul7t ;+:yfsf] d'Vo p2]Zox? M

;+ul7t ;+:yfsf] :yfkgfsfnb]lv xfn;Ddsf] ;+lIfKt Oltxf; b]xfo adf]lhd /x]sf] 5 M

o; sDkgL g]kfn ;/sf/, sDkgL /lhi6«f/sf] sfof{nodf ldlt @)^% r}t !$ ut] btf{ eO{ ;f]xL ldltb]lv cfkm\gf] sf/f]af/
;~rfng ub}{ cfPsf] 5 . g]kfnsf VoftL k|fKt o'jf Joj;foL, pBdL, rf6{8{ PsfpG6]G6, cGo k|f]km];gn nufotsf k|a'4
JolQmx?sf] ;d'xåf/f ;+:yflkt / ;~rflnt o; sDkgLn] g]kfnsf] k"FhL ahf/ / nufgLsf cGo If]qx?df nufgL u/L
cfkm'nfO{ Ps ;kmn sDkgLsf] ?kdf pEofpg ;kmn ePsf] 5 . o; sDkgLn] k'FhL ahf/sf] clt/LQm hnljB't, l/on O:6]6,
cfly{s, ko{6g / :jM k"FhLsf] If]qdf cfkm\gf nufgLnfO{ lj:tf/ / ljljlws/0f u/L d'n'ssf] cfly{s ljsf;df of]ubfg
k'/\ofpFFb} cfPsf] 5 .

sDkgLsf] k|aGwkqsf] bkmf $ cg';f/ sDkgLsf] d'Vo p2]Zo tyf ;f] k|fKt ug{sf nflu ul/g] sfdx? b]xfo adf]lhd
/x]sf 5g\ M

-s_ k|rlnt sfg'g adf]lhd :jLs[lt lnO{ :jb]zL jf ljb]zL ;+3, ;+:yf tyf JolQm ljz]if;Fu Psn jf ;+o"Qm ?kdf
phf{, s[lif, ko{6g, pwf]u,k'jf{wf/, :jf:y, lzIff, zx/L ljsf;, lgdf{0f, Jofkf/, ;+rf/, k|ljlw, ladf, ljlQo
nufotsf If]qsf] ljsf;, :yfkgf, k|jw{g, nufgL, k'g/;+/rgf, k'g?Tyfg tyf l:y/Ls/0f, nufgL tyf Joj:yfkg
ug]{ .
-v_ ljleGg hnljB't, ;f}o{ phf{, jfo' phf{, uf]j/ Uof; nufot ;du| phf{ If]qsf] ljsf; tyf ljt/0fdf PSn} jf cGo
:jb]zL tyf ljb]zL sDkgLx?;+u ;+o"Qm ?kdf nufgL u/L sDkgL :yfkgf ug]{ .
-u_ kfgL, tflko jfo', ;f}o{ cflb k|fylds phf{sf] ;|f]tsf] k|of]uaf6 ljB't zlQm pTkfbg u/L /fli6«o Pj+ cGt/f{li6«o
ljB't k|0ffnL k|of]u u/L k|;f/0f ug]{, u/fpg] . ;f] p2]Zo k'/f ug{sf nflu cfjZos k/]df lgdf{0fflwg jf lgdf{0f
eO{;s]sf], ;~rfngdf cfPsf] jf gcfPsf] hnljB't jf ef}lts k"jf{wf/sf] kl/of]hgf ;~rfng ug]{, u/fpg] .
-3_ pTkfbgd'ns tyf ;]jfd'ns Pjd\ cGo sDkgLx?sf] ;+:yfkgf ug]{ / To:tf sDkgLx?df nufgL ug]{ .
-ª_ ef}lts k"j{wf/ lgdf0f{, Joj:yfkg, lnh tyf ;f] ;DaGwL sfo{sf] k/fdz{ ;]jf k|bfg ug]{ .
-r_ ko{6g Joj;fosf] ljsf; Pj+ lj:tf/sf] nflu cfjZos k"jf{wf/ lgdf{0f, lj:tf/ Pj+ ljsf; ug]{ .
-5_ ko{6sLo :t/sf] xf]6n Joj;fo ;~rfng ug]{ tyf v/Lb laqmL ug]{ .
-h_ ljleGg ko{6g, ;'?ª dfu{, /]n dfu{, /fhdfu{, xf]6n Joj;fo, aLdf, ;~rf/, ljQLo k'jf{wf/ ljsf; cflb If]qdf
nufgL ug]{, u/fpg] .
-´_ hnljB't cfof]hgf lgdf{0f ug{sf nflu cfjZos k/fdz{ ;]jf pknJw u/fpg] .
-`_ :j]b]zL tyf ;DalGwt lgsfox?af6 :jLs[lt lnO{ ljb]zL JolQm jf sDkgLx?;Fu ;Demf}tf u/L lghL :jfldTjdf
xfO{8«f]kfj/ ;DaGwL Design Drawing tyf lgdf{0f ;DaGwL sfd ug]{ / ljB't pTkfbg u/L ljlqm ljt/0f ug]{,
u/fpg] .
-6_ ljB't pTkfbg ;DaGwL / cGo gljs/0fLo -Renewable pmhf{, Diesel
Micro–Hydro, Wind Power, Solar Power,
(Thermal) Power, Design ;DaGwL cfjZos k|fljlws k/fdz{ ;]jf -Engineering Consultancy Service) lgdf{0f
tyf lgl/If0f ;'kl/j]If0f ;]jf pknAw u/fpg] .

3
-r_ ;+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

;xfos sDkgL M xfyj] :6s l8n/ lnld6]8

sDkgLsf] Oltxf; M o; :6s l8n/ lnld6]8 ldlt @)&*÷)$÷)! ut] sDkgL /lhi6«f/sf] sfof{nodf btf{ eO{
cfˆgf] sf/f]af/ ub}{ cfO{/x]sf] 5 . o; sDkgLn] xfn bf];|f] ahf/ dfkm{t ;"rLs[t lwtf]kqx? v/Lb tyf laqmL ub}{
cfO/x]sf] 5 . o; sDkgLsf d'Vo p2]Zox? lgDgfg';f/ /x]sf 5g\ M–
-s_ pTkfbgd'ns tyf ;]jfd'ns Pj+ cGo sDkgLx?n] hf/L ug]{ z]o/, l8a]Gr/ nufot cGo lwtf]kqx?df
nufgL ug]{ tyf v/Lb laqmL ug]{ .
-v_ ;"rLs[t lwtf]kqx? v/Lb ug]{ tyf laqmL ug]{ .
-u_ lwtfkq P]g tyf lgodfjnL / k|rlnt sfg'gsf] clwgdf /xL lwtf]kq Joj;foLsf] ?kdf :6s l8n/sf]
sfo{ ug]{ .
-3_ k|rlnt sfg"gsf] clwgdf /xL lwtf]kq ahf/df ;"rLs[t ;+ul7t ;+:yfsf] z]o/, a08, l8a]Gr/, 8]l/e]l6E;
pks/0f, ;fd'lxs nufgL sf]ifsf] OsfO{ jf cGo k|sf/sf lwtf]kqx?df nufgL ug]{ tyf v/Lb laqmL ug]{ .
-ª_ lwtf]kqsf] ;fj{hlgs lgisfzg tyf lnnfdL k|lqmofaf6 ljleGg lwtf]kqsf] v/Lb ug]{ .
-r_ lwtf]kqsf] k|f/lDes tyf yk ;fj{hlgs lgisfzgdf of]Uo ;+:yfut v/Lbstf{ jf nufgLstf{ eO{ sfo{
ug]{ .
-5_ k|rlnt sfg'gsf] clwgdf /xL ;DalGwt lgsfosf] :jLs[lt lnO{ lwtf]kqx?sf] ;fk6L n]gb]g sfo{ ug]{ .
-h_ nufgL Joj:yfkg tyf nufgL k/fdz{ ;]jf k|bfg ug]{ .
-em_ ;+:yfks ;+:yfx? / cfˆgf] k|of]hgsf nflu lwtf]kq bnfn Joj;foL eO{ lwtf]kq P+j C0fkqsf] sf/f]af/
ug]{ .
-`_ ljleGg ;+u7Lt ;+:yf / cGo sf]ifx?nfO{ ;d]t ;dfj]z ul/ 5'6\6} af:s]6 kmG8 (Basket Fund) v8f ug]{.
-6_ lwtf]kq ;DaGwL cfjZos cGo ;Dk"0f{ sfo{ ug]{ .
xfyj] :6s l8n/ lnld6]8df r'Qmf k"FhLsf] () k|ltzt nufgL xfyj] OGe]i6d]06 g]kfn lnld6]8sf] /x]sf] 5 .
-5_ b]xfosf s'/fx? ;d]t pNn]v ug'{ kg]{ -nfu' x'g] xb;Dd_ M
-!_ ;+ul7t ;+:yfn] pTkfbg ug]{ j:t' jf k|bfg ug]{ ;]jfx? M sDkgLsf] k|aGwkqsf] bkmf $ df pNn]v ul/Psf
p2]Zo k|fKtL ug{sf nflu ul/g] sfo{x? ;Dk"0f{ .
-@_ k|of]u ePsf] jf ul/g] k|ljlw M ;f] gePsf] .
-#_ s'g} a||fG8g]d, k|ltlnlk clwsf/, 6«]8dfs{, O{hfhtkq, k|fljlws ;xof]u ;Demf}tf / ;+ul7t ;+:yf;Fu ;DalGwt
af}l4s ;DklQ xs clwsf/ M ;f] gePsf] .
-$_ ;+ul7t ;+:yfn] cf]u6]sf] ahf/ If]q M g]kfne/ .
-%_ gofF pTkfbg tyf ;]jf ;DaGwL of]hgf M yk gofF pTkfbgd'ns sDkgLx? -hnljB't pTkfbg, k|;f/0f tyf
ljt/0f ug]{ sDkgLx? tyf cfly{s k"jf{wf/, oftfoft tyf ;~rf/;Fu ;DalGwt ;+ul7t ;+:yfsf] ;+:yfks z]o/_
df ;d]t nufgL ug]{ .
-^_ pTkfbg tyf ;]jfsf] k|d'v ahf/ / To;sf] dfu / laqmL ljt/0fsf] tl/sf M ;f] gePsf] .
-&_ pTkfbg÷;~rfng Ifdtf / ;f] sf] pkef]u l:ylt M ;f] gePsf] .
-*_ sRrf kbfy{sf] >f]t, lsl;d / pknAwtf M ;f] gePsf] .
-(_ u'0f lgoGq0fsf] nflu ul/Psf] Joj:yf M ;f] gePsf] .
-!)_ cg';Gwfg tyf ljsf; M nfu' gx'g] .
-!!_ ljut !@ dlxgfsf] cjlwdf ;+:yfsf] ;~rfngdf c;/ kg]{ u/L ePsf] afwf, Jojwfg M ljut !@ dlxgfsf]
cjlwdf sDkgLsf] ;~rfngdf c;/ kg]{ u/L s'g} afwf Jojwfg g/x]sf] .
-!@_ dhb'/ ;+u7g;Fusf] ;DaGw / ljutdf s'g} cf}Bf]lus ljjfb ePsf] eP, ;f] ;DaGwL ljj/0f M ;f] gePsf] .
-!#_ ahf/, k|lt:kwf{ / cGo ;dfg pBf]ux? aLr ;+ul7t ;+:yfsf] l:ylt M
l;= k|lt z]o/ c+lst k|lt z]o/ k|lt z]o/
g+= sDkgLsf] gfd d"No -?=_ r'Qmf k"FhL -?=_ cfDbfgL -?=_ g]6jy{ -?=_
!= xfyj] OGe]i6d]G6 g]kfn ln= %).– !,)@,#&,%),))).– (=%^ (%=)(
cGo ;dfg sDkgL
@= Pgcf/Pg OGk|mf:6Sr/ P08 !)).– !,@!,*!,##,@*^.– $=&% !)*=)%
8]enkd]G6 ln=
#= Odlh{Ë g]kfn ln= !)).– %%,%^,)),))).– @=)* !)^=*&
gf]6 *M dfly pNn]lvt ljj/0f cf=j= @)&*÷&( sf] n]vfkl/If0f ;DkGg ePsf] ljQLo ljj/0fsf] cfwf/df lnOPsf
xf] .

4
 -!$_ k|d'v u|fxsx?sf] ljj/0f -h:t}–;+:yfsf] s"n jflif{s sf/f]af/df !)Ü jf ;f] eGbf a9Ln] of]ubfg ug{] jf
Joj;fosf] nflu ;+ul7t ;+:yf s'g} k|d'v u|fxs;Fu lge{/ 5 eg] t\t;DaGwL ljj/0f M ;f] gePsf]
-!%_ k|d'v ;Knfo;{x?sf] ljj/0f -h:t}–;+:yfsf] s"n sf/f]af/df !)Ü jf ;f] eGbf a9Ln] of]ubfg ug{] ;Knfo;{ jf
Joj;fosf] nflu ;+ul7t ;+:yf s'g} k|d'v ;Knfo;{;Fu lge{/ 5 eg] t\t;DaGwL ljj/0f_ M ;f] gePsf] .
-!^_ ;+:yfn] cfˆgf] p2]Zo cg'?ksf] sfdsf/jfxL cufl8 a9fpg] ;Gbe{df xfn;Dd eP÷u/]sf ;Demf}tfsf]
;+lIfKt ljifoj:t' tyf ;Demf}tf axfn /xg] cjlw v'Ng] u/L tflnsfdf k|:t't ug'{kg]{M
sDkgLsf] :jfldTjdf /x]sf] sf7df08f}+ @^, n}grf}/ l:yt xfyj] sDKn]S;df /x]sf] cnsf O{Ge]i6d]G6 k|f=ln=, k|e'
a}+s ln=, g]kfn P;lacfO{ a}+s ln= / lh=Pd=O{ /]ld6 k|f=ln= aLr tn pNn]lvt 3/ ef8f ;Demf}tf ul/Psf] afx]s
cGo pNn]Vo ;Demf}tfx? gePsf] .

;Demf}tfsf] ;+lIfKt ljifoj:t' ljj/0f ;Demf}tf axfn /xg] cjlw

xfyj] OGe]i6d]G6 g]kfn ln= /
cnsf O{Ge]i6d]G6 k|f=ln=
aLr ePsf] 3/ axfn
;Demf}tf .
xfyj] OGe]i6d]G6 g]kfn ln= /
k|e' a}+s ln= aLr ePsf] 3/
axfn ;Demf}tf .
xfyj] OGe]i6d]G6 g]kfn ln= /
g]kfn P;lacfO{ a}+s ln=
aLr ePsf] 3/ axfn
;Demf}tf .
xfyj] OGe]i6d]G6 g]kfn ln= /
lh=Pd=O{ /]ld6 k|f=ln= aLr
ePsf] 3/ axfn ;Demf}tf .
o; sDkgLsf] gfddf dfnkf]t sfof{nodf ldlt @)&&÷)*÷)! b]lv @)*@
btf{ sfod /xL Psnf}6L xs ef]udf /x]sf] ;fn sflt{s d;fGt ;Dd / ldlt
sf=lh=sf=d=g=kf j8f g+= @^ sf] lsQf g= @)&(÷)$÷)! b]lv @)*$ ;fn
!@(% sf] If]qkmn !–#–)–! hUuf / ;f] c;f/ d;fGt ;Dd b'O{ cnu cnu
hUufdf ag]sf] 3/÷ejg ePsf] -xfyj] ;Demf}tf ul/Psf] .
sDKn]S;_ sf] klxnf] tNnfsf] ;Dk"0f{ efu
-%,$&) ju{ lkm6 sfk]{6 Pl/of_ tyf t];|f]
tNnfsf] ;Dk"0f{ efu -%,$)) ju{ lkm6
sfk]{6 Pl/of_ tyf pSt tNnfdf cjl:yt
;Dk"0f{ lnu lnufkft ;d]t .
o; sDkgLsf] gfddf dfnkf]t sfof{nodf ldlt @)&&÷!)÷)! b]lv @)*@
btf{ sfod /xL Psnf}6L xs ef]udf /x]sf] ;fn k'; d;fGt ;Dd
sf=lh=sf=d=g=kf j8f g+= @^ sf] lsQf g=
!,@(% sf] If]qkmn !–#–)–! hUuf / ;f]
hUufdf ag]sf] 3/÷ejg ePsf] -xfyj]
sDKn]S;_ sf] e'FO{tNnfsf] ;Dk"0f{ efu
-cGbfhL $,^^) ju{ lkm6 sfk]{6 Pl/of_
tyf pSt tNnfdf cjl:yt ;Dk"0f{ lnu
lnufkft ;d]t .
o; sDkgLsf] gfddf dfnkf]t sfof{nodf ldlt @)&%÷)$÷)! b]lv @)*!
btf{ sfod /xL Psnf}6L xs ef]udf /x]sf] ;fn cfiff9 d;fGt ;Dd
sf=lh=sf=d=g=kf j8f g+= @^ sf] lsQf g+=
!@(% sf] If]qkmn !–#–)–! hUuf / ;f]
hUufdf ag]sf] 3/÷ejg ePsf] -xfyj]
sDKn]S;_ kfrf}+ tNnfsf] ;Dk"0f{ efu
-cGbfhL %,$)) ju{ lkm6 sfk]{6 Pl/of_
tyf pSt tNnfdf cjl:yt ;Dk"0f{ lnu
lnufkft ;d]t .
o; sDkgLsf] gfddf dfnkf]t sfof{nodf ldlt @)&*÷!@÷)! b]lv @)**
btf{ sfod /xL Psnf}6L xs ef]udf /x]sf] ;fn kmfu'g d;fGt ;Dd
sf=lh=sf=d=g=kf j8f g+= @^ sf] lsQf g=
!,@(% sf] If]qkmn !–#–)–! hUuf / ;f]
hUufdf ag]sf] 3/÷ejg ePsf] -xfyj]
sDKn]S;_ rf}yf] tNnfsf] ;Dk"0f{ efu
-%,^)) ju{ lkm6 sfk]{6 Pl/of_ tyf pSt
tNnfdf cjl:yt ;Dk"0f{ lnu lnufkft
;d]t .

-!&_ ;+:yfn] ljleGg lgodg lgsfoaf6 xfn;Dd k|fKt u/]sf] :jLs[lt÷cg'dlt÷Ohfht, :jLs[lt÷cg'dlt÷ Ohfhtsf]
;+lIfKt ljifoj:t', Ohfht k|fKt ldlt tyf ;f] axfn /xg] cjlw ;d]t v'Ng] ljj/0f v'Ng] u/L tflnsfdf k|:t't
ug'{kg]{ M

5
 ;+:yfn] ljleGg lgodg lgsfoaf6 xfn;Dd k|fKt u/]sf] :jLs[lt÷cg'dlt÷Ohfht,:jLs[lt÷cg'dlt÷ O{hfhtkqsf]
;+lIfKt ljifoj:t', O{hfht k|fKt ldlt tyf ;f] axfn /xg] cjlw ;d]t v'Ng] ljj/0f b]xfo cg';f/ /x]sf] 5 M
:jLs[lt÷cg'dlt÷O{hfht O{hfhtkq k|fKt
ljleGg lgofds lgsfo kqsf] ;+lIfKt ljifoj:t' ldlt -lj=;+=df_ axfn /xg] cjlw
sDkgL /lhi6«f/sf] sfof{no sDkgL btf{ @)^%÷!@÷!$ jflif{s ?kdf gljs/0f
cfGtl/s /fh:j ljefu cfos/df btf{ @)^%÷!@÷!% x'g]
sDkgL /lhi6«f/sf] sfof{no sf/f]jf/sf] :jLs[lt @)^^÷)!÷@!

-!*_ k|aGwkq lgodfjnLdf xfn;Dd ePsf] ;+zf]wg, ;DalGwt bkmf, ;+zf]wgsf] ljifo, ;+zf]wg :jLs[t ePsf] ;~rfns
;ldltsf] lg0f{o gDa/ / ldlt, ;+zf]wg :jLs[t ug]{ ;fwf/0f;efsf] ldlt / pQm ;+zf]wg lgodg lgsfo jf sDkgL
/lh:6«f/sf] sfof{nodf clen]v ePsf] lj:t[t ljj/0f k|:t't ug'{kg]{ M
;+:yfn] k|aGwkq lgodfjnLdf xfn;Dd ePsf] ;+zf]wg, ;DalGwt bkmf, ;+zf]wgsf] ljifo, ;+zf]wg :jLs[t ePsf]
;~rfns ;ldltsf] lg0f{o gDa/ / ldlt, ;+zf]wg :jLs[t ug]{ ;fwf/0f;efsf] ldlt / pQm ;+zf]wg lgodg lgsfo jf
sDkgL /lh:6«f/sf] sfof{nodf clen]v ePsf] lj:t[t ljj/0f b]xfo cg';f/ /x]sf] 5 M
-s_ k|aGwkqtkm{ M
;+zf]wg :jLs[t
ug]{
xfn;Dd ;fwf/0f;ef÷ljz]if
ePsf] ;fwf/0f ;efsf]
qm= ;+zf]wg÷ ;~rfns ;ldltsf] ldlt clen]v ePsf] sfof{no
;+= ;DalGwt bkmf ;+zf]wgsf] ljifo lg0f{o gDa/÷ldlt -lj=;+=df_ / ldlt -lj=;+=df_
!= bkmf ^-v_,-u_ k"FhL j[l¢ ;DaGwdf ;~rfns ;ldltsf] #! laz]if ;fwf/0f sDkgL /lhi6«f/sf] sfof{no,
cf}+ a}7s @)^*÷!@÷@! ;ef, ldlt @)^(÷)!÷@&
@)^(÷)!÷)*
@= bkmf ^-v_,-u_ k"FhL j[l¢ ;DaGwdf ;~rfns ;ldltsf] ^# 5}6f}+ aflif{s sDkgL /lhi6«f/sf] sfof{no,
cf}+ a}7s ;fwf/0f ;ef, ldlt @)&!÷)*÷!&
@)&!÷)$÷!) @)&!÷)%÷)#
#= bkmf ^-v_,-u_ k"FhL j[l¢ ;DaGwdf ;~rfns ;ldltsf] &@ ;ftf}+ aflif{s sDkgL /lhi6«f/sf] sfof{no,
cf}+ a}7s ;fwf/0f ;ef, ldlt @)&@÷)^÷@)
@)&@÷)$÷!& @)&@÷)%÷!*
$= bkmf ^-s_, k"FhL j[l¢ ;DaGwdf ;~rfns ;ldltsf] (! cf7f}+ aflif{s sDkgL /lhi6«f/sf] sfof{no,
-v_,-u_ cf}+ a}7s ;fwf/0f ;ef, ldlt @)&#÷)*÷#)
@)&#÷)$÷@% @)&#÷)%÷!&
%= bkmf -@_ 7]ufgf kl/jt{g ;~rfns ;ldltsf] !)@ gjf}+ aflif{s sDkgL /lhi6«f/sf] sfof{no,
;DaGwdf cf}+ a}7s, @)&$÷)$÷#! ;fwf/0f ;ef, ldlt @)&$÷!)÷@@
@)&$.)%.@#
^= bkmf $-9_ p2]Zo yk ;~rfns ;ldltsf] !#( Affx|f}+ aflif{s sDkgL /lhi6«f/sf] sfof{no,
;DaGwdf cf}+ a}7s @)&&÷)*÷@* ;fwf/0f ;ef, ldlt @)&&÷!@÷!(
@)&&÷)(÷@@
&= bkmf ^-s_, p2]Zo ;+zf]wg / ;~rfns ;ldltsf] t]x|f}+ aflif{s sDkgL /lhi6«f/sf] sfof{no,
-u_, -3_ / k"Flh a[l¢ ;DaGwdf !$* cf}+ a}7s, ;fwf/0f ;ef, ldlt @)&*÷)(÷)(
bkmf $-!_ df @)&*÷)%÷@% @)&*÷)^÷!%
s b]lv 9
;Dd

-v_ lgodfjnLtkm{ M
xfn;Dd ePsf] ;+zf]wg :jLs[t ug]{
qm= ;+zf]wg÷ ;fwf/0f;ef÷ljz]if clen]v ePsf]
;+= ;DalGwt ;~rfns ;ldltsf] ;fwf/0f ;efsf] ldlt sfof{no / ldlt
lgod ;+zf]wgsf] ljifo lg0f{o gDa/÷ldlt -lj=;+=df_ -lj=;+=df_
! lgod -@_ 7]ufgf kl/jt{g ;~rfns ;ldltsf] gjf}+ aflif{s ;fwf/0f ;ef, sDkgL /lhi6«f/sf]
!)@ cf}+ a}7s, @)&$÷)%÷@# sfof{no, ldlt
@)&$÷)$÷#! @)&$÷!)÷@@

6
 u=#=v= ;DklQsf] ljj/0f M
-s_ ;+ul7t ;+:yfsf] pks/0f -KnfG6_ tyf cGo ;DklQ /x]sf] :yfg / pks/0f tyf ;DklQsf] cj:yf M xfn;Dd
sDkgLsf] gfddf ;[hgf eO;s]sf] rn crn ;DklQsf] ljj/0f b]xfo adf]lhd /x]sf] 5 M

-cfly{s jif{ @)&*÷)&( sf] n]vf kl/If0f k|ltj]bg cg';f/_

;DklQ ;DklQsf]
x|f;s§L clGtd df}Hbft
l;=g++ ;DklQsf] ljj/0f z'? df}Hbft v/Lb /sd /x]sf] cj:yf
/sd -?=_ -?=_
-?=_ -?=_ :yfg
1= ejg tyf hUuf !&,&&,*),(*@. – @,#&,#)).– $&,#^,&)).** !&,#@,*!,%*!.!@
lnh xf]N8÷lk|m xf]N8 $),%^,!^@.– $^,$$#.–
2= #),@%,(!).&@ !),&^,^(%.–
;DklQ
3= sfof{no pks/0f %%,((,@@!.– !,^!,(!).– $&,%@,#((.!^ !),)*,&#!.–
4= ;jf/L ;fwg #(,&&,()).– – @),##,@#@.*( !(,$$,^^*.– xfyj] rfn' cj:yfdf
sDKo'6/ / afXo %@,))).–
5= *,^(,!^#.*# @,(@,##&.– sDKn]S; /x]sf]
pks/0fx¿ !!,)(,%)!.–
kmlg{r/ / lkmS:r;{ !,&(,%(^.– –
6== !,$$,(#(.– #$,^%&.–
7= cd"{t ;DklQ / ;ˆ6j]o/ – – – – –
hDdf !(,@&,)#,#^@.– $,(&,^%#.– !,%%,^@,#$^.$* !&,&^,#*,^^(.–

-v_ a'Fbf -s_ df pNn]lvt ;DklQ ;+ul7t ;+:yfsf] cfkm\g} ;DklQ xf] of lnhdf lnPsf], lnhdf lnPsf] eP lnhsf] cjlw
ldlt ;d]t pNn]v ug'{kg]{ M ;f] gePsf] .
-u_ olb ;DklQ ;+ul7t ;+:yfsf] :jfldTjdf /x]sf] ePdf pQm ;DklQ dfly s'g} lnog jf df]6{u]h eP ;f] ;DaGwL ljj/0f M
zfOg /];'Ëf 8]enkd]06 a}+s ln= ;Fu ldlt @)&(÷)&÷@& df ePsf] C0f ;Demf}tf adf]lhd ?=@),)),)),))).–
-cIf/]kL la; s/f]8 dfq_ l8df08 shf{ lnOPsf] / pQm shf{ tyf ;f] sf] Aofh Pj+ cGo b:t'/ ;d]t vfDg] u/L ;'/If0f
afkt sDkgLsf] gfddf /x]sf] sf7df08f}+ lhNnf, sf7df08f}+ dxfgu/kflnsf l:yt !–#–)—! If]qkmn hUuf pQm
8]enkd]G6 a}+ssf] gfddf b[li6aGws u/L lnvt /lhi6«]zg kfl/t ul/Psf] 5 .

-3_ ljj/0fkq af]8{df k]z ul/Psf] ldltdf ;+ul7t ;+:yfsf] ;DklQsf] lstfaL d"No / ahf/ d"No aLr km/s ePdf ;f] sf]
ljj/0f M ;DklQx? k/n d"Nodf g} /flvPsf]n] k'g{d"NofÍg ul/Psf] 5}g .
-ª_ ;DklQsf] d"NofÍg ul/Psf] t/Lsf ;DaGwL ljj/0f M ;f] gePsf] .

u=#=u= efjL of]hgf tyf /0fgLlt M

-s_ Joj;fo÷;]jfsf] j[l4sf nflu ;+:yfsf] efjL of]hgf / To:tf] of]hgfsf] k|flKtsf nflu rflng] ;doj4 /0fgLlt M

-!_ k'jf{wf/sf] ?kdf /x]sf] k|ljlw, hnljB't lgdf{0f tyf ljt/0f, k"j{wf/ ;DaGwL ljQLo ;+:yf nufotsf Joj;fosf If]qx?df
:jb]ZfL tyf ljb]ZfL ;+:yfx?;+u ldnL cWoog cg';Gwfg ug]{, k|ltj]bg tof/ ug]{, nufgL ug]{, :yfkgf ug]{, ;~rfng ug]{,
ljleGg nufgLsf If]qx? klxrfg ug]{, ;f] ;DaGwL k/fdz{bftfsf] ?kdf sfo{ ug]{ nufotsf ljsf; lgdf{0f ;DaGwL sfd ug]{
Ps cu|0fL sDkgLsf] ?kdf :yflkt ug]{ .
-@_ o; sDkgLn] pTkfbgd'ns tyf ;]jfd'ns Pjd\ cGo sDkgLx?sf] ;+:yfkgf ug]{, To:tf sDkgLx?sf] z]o/df nufgL ug]{,
;Demf}tf u/L ljleGg lsl;dsf sDkgLx?sf] Joj:yfkg ug]{, ;~rfng ug]{ tyf sDkgL ;+:yfkg, k"F+hL k'g M;F+/rgf, dh{/,
PSjLlh;g, 6]scf]e/ ug]{ tyf ;f] ;DaGwL k/fdz{ ;]jf k|bfg ug]{ .
-#_ b]zdf cg';Gwfg / ljsf;df cfwfl/t ;'ljwf ;DkGg cf}ifwL pTkfbssf] cfjZostf tyf pQm If]qdf ePsf] k|r'/
;DefjgfnfO{ dWo] gh/ /fVb} pQm If]qsf] ljsf; lj:tf/ ug{sf] nflu cfjZos k"jf{wf/ lgdf{0fsf] nflu oxL cfly{s jif{ leq
b]lv nufgL lj:tf/ ug]{ .
-$_ k|rlnt sfg'g adf]lhd :jLs[lt lnO{ sf]le8–!( n] yflnPsf] clxn] lj:tf/} psfl;b} cfPsf], nufgL ug]{ cj;/ ePsf,
:jb]zL jf ljb]zL ;+3, ;+:yf tyf JolQm ljz]if;Fu Psn jf ;+o"Qm ?kdf phf{, s[lif, ko{6g, pBf]u, k'jf{wf/, :jf:Yo, lzIff,
zx/L ljsf;, lgdf{0f, Jofkf/, ;~rf/, k|ljlw, aLdf, ljQLo nufotsf If]qsf] ljsf;, :yfkgf, k|j4{g, nufgL, k'g/;+/rgf,
k'g?Tyfg tyf l:y/Ls/0f, nufgL tyf Joj:yfkg ug]{ .

7
 -%_ :jb]zL tyf ljb]zL ;+3 ;+:yf, tyf JolQm ljz]if;+u ldnL ;+o'Qm ?kdf cf}Bf]lus Joj;fo, ko{6g / s]j'nsf/
nufotsf ljifox?;+u ;DalGwt sDkgLx?df nufgL ug]{, :yfkgf ug]{, ;~rfng ug]{÷u/fpg], ;f] ;DaGwL
k/fdz{bftfsf] ?kdf sfo{ ug]{ .

-v_ k|lt:kwf{, ljBdfg cfly{s l:ylt / ;dfg lsl;dsf] pBf]usf] l:yltsf] cfwf/df ;+ul7t :f+:yfsf] Joj;fosf] eljioM
o; sDkgLn] pTkfbgd'ns tyf ;]jfd'ns Pjd\ cGo sDkgLx?sf] ;+:yfkgf ug]{, To:tf sDkgLx?sf] z]o/df nufgL ug]{,
;Demf}tf u/L ljleGg lsl;dsf sDkgLx?sf] Joj:yfkg ug]{, ;~rfng ug]{ tyf sDkgL ;+:yfkg, k"FhL k'g/;+/rgf, dh{/,
PSjLlh;g, 6]scf]e/ ug]{ tyf ;f] ;DaGwL k/fdz{ ;]jf k|bfg ug]{ h:tf sfo{ ug]{ p2]Zo lnO{ cufl8 al9/x]sf] / xfn o:tf
sDkgLsf] ;+:yfks z]o/df bL3{{sflng nufgL ;d]t u/]sf] x'Fbf xfnsf] cj:yfdf o; Joj;fodf k|lt:kwf{sf] cj:yf ;[hgf
x'g ;Sg] ;Defjgf Hofb} Go"g /x]sf] b]lvG5 . o;y{ sDkgLn] cfkm\gf] Joj;fosf] lg/Gt/tfsf nflu cufl8 a9fPsf of]hgf
tyf cfof]hgfx?sf] klxrfg tyf ljsf; ubf{ cGo j:t'sf] pTkfbgdf h:tf] k|lt:kwf{ ug'{ gkg]{ b]lvG5 .

u=#=3= ;~rfns ;ldltsf] ;+/rgf / k|ltlglwTj ;DaGwL Joj:yf M

sDkgLsf] lgodfjnLsf] lgod @& -@_ df Joj:yf eP adf]lhd ;ft -&_ ;b:oLo ;~rfns ;ldlt u7g ug]{ Joj:yf
/x]sf] 5 .
ljj/0f ;d'x ;+Vof
;+:yfks z]o/wgLx?af6 dgf]lgt jf lgjf{lrt s ju{ $ -rf/ hgf_
;j{;fwf/0f z]o/wgLx?af6 lgjf{lrt v ju{ @ -b'O{ hgf_
:jtGq ;~rfns – ! -Ps hgf_
hDdf & -;ft hgf_
;j{;fwf/0fdf z]o/ lgisfzg tyf afF8kmfF6 kZrft\ ;f]xL adf]lhd ;~rfns ;ldltdf k|ltlglwTj /xg] Joj:yf /x]sf]
5 . sDkgLsf] lgodfjnLsf] lgod @* df ePsf] Joj:yf cg';f/ ;~rfns x'gsf] nflu sDkgLsf] sDtLdf %)) -kfFr
;o_ lsQf z]o/ cfˆgf] gfddf v/Lb u/]sf] x'g' kg{]5 . t/ g]kfn ;/sf/ jf ;+ul7t ;+:yfsf] k|ltlglwTj ug]{ ;~rfns /
:jtGq ;~rfnssf] xsdf pk/f]Qm Joj:yf nfu' x'g] 5}g . ;~rfnsx?sf] sfo{sfn rf/ -$_ jif{sf] x'g]5 .

u=$= k"h
F L ;+/rgf ;DaGwL hfgsf/L M
-s_ clws[t, hf/L tyf r'Qmf k"hF L / ;+:yfsf] :yfkgf kZrft\ ;f] df kl/jt{g ePsf] eP tT;DaGwL ljj/0f M
-s_ clws[t k"h F L M sDkgLsf] clws[t kF"hL ?=!,%),)),)),))).—-cIf/]kL Ps ca{ krf; s/f]8 ?k}+of_ /x]sf] 5 . pQm
k"FhLnfO{ ?=%).–sf b/n] #,)),)),))) -tLg s/f]8_ yfg z]o/df ljefhg ul/Psf] 5 .

-v_ hf/L k"hF L M sDkgLsf] hf/L k"FhL ?=!,!&,)),)),))).–-cIf/]kL Ps ca{ ;q s/f]8 ?k}+of dfq_ /x]sf] 5 . pQm
k"FhLnfO{ ?=%).–sf b/n] @,#$,)),))).–-b'O{ s/f]8 rf}tL; nfv_ yfg z]o/df ljefhg ul/Psf] 5 .

-u_ r'Qmf k"FhL M sDkgLn] cfkm\gf] hf/L kF"hL dWo] ?= !,)@,#&,%),))).– -cIf/]kL Ps ca{ b'O{ s/f]8 ;}tL; nfv krf; xhf/
dfq_ ;+:yfks z]o/wgLx?af6 r'Qmf eO;s]sf] tyf afFls ?=!$,^@,%),))).–-cIf/]kL rf}w s/f]8 a};¶L nfv krf;
xhf/ dfq_ ;fj{hlgs z]o/ lgisfzgåf/f ;j{;fwf/0fnfO{ hf/L ug]{5 . sd{rf/L tyf ;fd'lxs nufgL sf]if / g]kfn
;/sf/sf] ;DalGwt lgsfoaf6 >d :jLs[lt k|ft u/L ljb]zdf /f]huf/L ul//x]sf g]kfnLx?sf nflu 5'§fOPsf]
?=!$,^@,%),))).–-cIf/]kL rf}w s/f]8 a};f¶L nfv krf; xhf/ dfq_ /sd a/fa/sf] k|lt lsQf c+lst d'No ?=%).–
b/sf] @(,@%,))) lsQf ;fwf/0f z]o/ lgisfzg u/L afF8kmfF6 u/] kZrft\ sDkgLsf] r'Qmf k"FhL
?=!,!&,)),)),))).– -cIf]/kL Ps ca{ ;q s/f]8 dfq_ x'g]5 .

sDkgLsf] :yfkgf kZrft\ clws[t, hf/L Pj+ r'Qmf k"FhLdf lgDg adf]lhd kl/jtg{ ePsf] 5 M
l;=g+= cfly{s jif{ clws[t k"FhL -?=_ hf/L k"FhL -?=_ r'Qmf k"FhL -?=_
1. 2065/066 1,00,00,00,000.– 20,00,00,000.– 14,00,00,000.–
2. 2068/069 1,00,00,00,000.– 34,28,57,200.– 24,00,00,000.–
3. 2071/072 1,00,00,00,000.– 50,00,00,000.– 35,00,00,000.–
4. 2072/073 1,00,00,00,000.– 85,71,43,000.– 60,00,00,000.–
5. 2073/074 1,17,00,00,000.– 1,17,00,00,000.– 81,90,00,000.–
6. 2078/079 1,50,00,00,000.– 1,17,00,00,000.– 1,02,37,50,000.–

8
 -v_ lgisfzg kl5sf]] r'Qmf k"FhL -;d"xs[t ul/Psf] cj:yfdf ;f]xL cg'?k_ M
sDkgLsf] k|aGwkqsf] bkmf ^ df pNn]v ul/Psf] z]o/ k"FhLdWo] ;+:yfks z]o/wgL tyf tk;Ln adf]lhd cGo
;d"xx?df lwtf]kq lgisfzg eO{ afF8kmfF6 eP kZrft\ sDkgLsf] r'Qmf k"FhLsf] ;+/rgf b]xfo adf]lhd /xg]5 M
;fwf/0f r'Qmf k"FhL /sd k"FhL
qm=;+= z]o/wgLx? e'QmfgL k|ltzt
z]o/ ;+Vof -?=_ ;+/rgf
!= ;+:yfks z]o/wgL 2,04,75,000 1,02,37,50,000.– *&=%)% ztk|ltzt
;j{;fwf/0f -g]kfn ;/sf/sf] ;DalGwt lgsfoaf6
>d :jLs[lt k|fKt u/L ljb]zdf /f]huf/L ul//x]sf
@= g]kfnL gful/s, ;fd"lxs nufgL sf]if / sDkgLsf
29,25,000 14,62,50,000.– !@=%)Ü lgisfzg kZrft\
sd{rf/L ;d]t_
hDdf @,#$,)),))) 1,17,00,00,000.– !))Ü
-u_ z]o/ lk|ldod vftf -lgisfzg k"j{ / lgisfzg kZrft\_ M z]o/ lk|ldod vftfsf] Joj:yf xfn g/x]sf] .
u=%=;+:yfks÷;~rfns ;DaGwL hfgsf/L M
u=%=s= ;+:yfks÷;~rfnssf] k[i7e"dL M
-s_ cfwf/e"t z]o/wgLx? tyf ;~rfnsx?sf] gfd,7]ufgf, kb, z]o/ :jfldTj, pd]/, /fli6«otf, z}lIfs of]Uotf, cg'ej, /
k|:tfljt Aofkf/÷Joj;fodf cg'ej M cfwf/e"t z]o/wgLx?sf] gfd 7]ufgf / z]o/ :jfldTj b]xfo adf]lhd /x]sf] 5 M
k|:tfljt
l;= z]o/ :jfldTj÷
g+= gfd, 7]ufgf kb k|ltzt pd]/ /fli6«otf z}lIfs of]Uotf Jofkf/÷ sfo{ cg'ej
Joj;fo
;x ;+:yfks tyf k|jGw lgb]{zs-;g\ @))!
b]lv xfn;Dd IME Group of Companies .
cWoIf - cfOPdO{ k|'8]lG;on OG:of]/G;
lnld6]8df ;g\ @)!^ b]lv xfn;Dd .
cWoIf - xfyj] OGe]i6d]i6 g]kfn lnld6]8df ;g\
@))( b]lv @)@! ;Dd .
x]d/fh 9sfn 61,67,741
;+:yfks :gftsf]Q/ cWoIf tyf ;~rfns- l8; ldl8of g]6js
! cdnfrf}/ uf=lj=;= j8f g++= $, $% g]kfnL —
z]o/wgL (30.12%) ln=df ;g\ @)!* b]lv @)@@ ;Dd cWoIf /
jfUfn'Ë
xfn ;~rfns .
cWoIf-Nepal Malaysia Chamber of
Commerce and Industry .
;b:o - National council, Confederation
of Nepalese Industries (CNI) df ;g\
@)!& b]lv xfn;Dd .
k|aGw ;~rfns - xfyj] OGe]i6d]06 g]kfn
ln=df lj=;+= @)^%b]lv @)&^ kf}if d;fGt ;Dd .
;~rfns - xfyj] OGe]i6d]06 g]kfn
clDasf k|;fb kf}8]n ln=df lj=;+= @)&^ df3 b]lv @)&* ;Dd .
wfkf;L uf=lj=; j8f g+= %, ;+:yfks 17,80,200
$( g]kfnL :gftsf]Q/ — ;~rfns – cfOPdO{ k|'8]lG;on OG:of]/]g;
@ sf7df08f}+ z]o/wgL (8.69%)
lnld6]8 .
;~rfns - rG›flu/L lxN; lnld6]8df
:yfkgfsfnb]lv lj=;+= @)&( ;Dd .
;~rfns- g]kfn 6]lnsd .
lgldiff OGe]i6d]G6 k|f=ln=
sf=d=g=kf= j8f g+= #, sf7df08f}+ ;+:yfks 11,57,830
# nfu' gx'g]
z]o/wgL (5.65%)

;~rfns tyf cWoIf - cnsf OGe]i6d]06 k|f=

ln= df @)^$ ;fn b]lv xfn;Dd
k|aGw lgb]{zs – uf}/f sG:6«S;g k|f ln=
s'df/ kf}8]n ;+:yfks 4,70,841 @)&$ ;fn b]lv xfn;Dd .
$ #$ g]kfnL :gftsf]Q/ —
b]jbx j8f g+= $, ?kGb]xL z]o/wgL (2.30%) ;~rfns – @ jif{sf] sfo{cg'ej xfyj]
kmfO{gfG; ln=.
;~rfns- @ jif{sf] sfo{cg'ej cfO{hLcfO{
k|'8]lG;on OG:of]/]G; lnld6]8 .
;'ldt k|wfg
;+:yfks 2,57,295 —
% sf=d=g=kf j8f g+= @$, sf7df08f} . $% g]kfnL :gftsf]Q/ Jofkf/ If]qdf @) jif{sf] cg'ej
z]o/wgL (1.26%)

k|aGw lgb]{zs-Asha International Pvt. Ltd,

Asha Human Resources (Dubai), Asha
clDasf zdf{ -nfld5fg]_ ;+:yfks 4,28,825 — Trading Pvt. Ltd. (Sydney Australia),
^ $( g]kfnL :gftsf]Q/
sf=d=g=kf=j8f g+= #, sf7df08f}+ z]o/wgL (2.09%) Director of Asha Trading Pvt. Ltd
(Nepal)
k"j{ ;~rfns k|e' a}+s ln=.
9
 ;'lzn cof{n ;+:yfks 2,41,325 g]kfn laB't k|flws/0fdf ;xfos k|aGwssf]
& #% g]kfnL :gftsf]Q/ —
wfkf;L uf=lj=;=j8f g+= $, sf7df08f}+ z]o/wgL (1.18%) ?kdf sfo{/t .
uf}/L >]i7 ;+:yfks 4,28,825
* g]kfnL :gftsf]Q/ — u[lx0fL
sf=d=g=kf=j8f g+= @&, sf7df08f}+ z]o/wgL (2.09%)

k|e' SofkL6n lnld6]8 ;+:yfks 2,50,000

( nfu' gx'g]
sdnfbL j8f g+= #!, sf7df08f}+ z]o/wgL (1.22%)
dlgif 9sfn 2,48,717
wfkf;L uf=lj=;=j8f g+= %, sf7df08f}. ;+:yfks —
!) (1.21%) #! g]kfnL :gftsf]Q/ s[lif If]qdf ! jif{sf] cg'ea
z]o/wgL

lngf lji6 3,00,666

;+:yfks —
!! (1.47%) ^) g]kfnL k|df0fkq tx u[lx0fL
n=k'=p=d=g=kf j8f g+= %, nlntk'/ . z]o/wgL

uf}td k|;ffb vgfn 2,14,414

;+:yfks —
!@ (1.05%) %) g]kfnL :gftsf]Q/ !$ jif{sf] ljlQo If]qsf] sfo{ cg'ej
sf7df08f}+ . z]o/wgL
3,43,060
lzj s'df/ >]i7 ;+:yfks
!# (1.68%) &# g]kfnL :gftsf]Q/ — Jofkf/ If]qdf @) jif{sf] cg'ej
dNnfh uf=lj=;= j8f g+= #, kj{t z]o/wgL
57,49,941
P;.cf/=xfO8«f] P08 OGe]i6d]06 k|f=ln= ;+:yfks
!$ (28.08%) nfu' gx'g]
sf=d=g=kf=j8f g+= @, sf7df08f}+ z]o/wgL
– jfUn'Î kj{tdf lg==df=lk tyf df=lj= df ^
jif{sf] lzIf0f cg'ej .
—s[lif ljsf; a}+s ln=df @* jif{sf] sfof{g'ej
;lxt ( cf}+ txaf6 ;]jf lgj[t .
of]u]Zj/ zdf{ 9sfn – cfOPdO{ kmfOgflG;on OlGi6;gn ln= df
2,14,414 k|d'v sfo{sf/L clws[tsf] ?kdf ( jif{sf]]
cdnfrf}/ uf=lj=;= $, afUn'Ë ;+:yfks (1.05%)
!% &# g]kfnL l8Knf]df — sfof{g'ej
z]o/wgL
—Unf]an cfOPdO{ a}+s ln=df gfoa k|d'v
sfo{sf/L clws[tsf] ?kdf ! jif{sf] sfof{g'ej
—cfOPdO{ sf]—ck/]l6e ln=df sfo{sf/L
cWoIfsf] ?kdf ( jif{sf] sfof{g'ej
—cfOPdO{ hg/n OG:of]/]G; ln=df ;~rfnssf]
?kdf % jif{sf] sfof{g'ej

;~rfnsx?sf] ljj/0f
z]o/ k|:tfljt
l; z}lIfs
kb :jfldTj÷ pd]/ /fli6«otf Jofkf/÷
g+= gfd, 7]ufgf of]Uotf sfo{ cg'ej
k|ltzt Joj;fo
– jfUn'Î kj{tdf lg==df=lk tyf df=lj= df ^
jif{sf] lzIf0f cg'ej .
—s[lif ljsf; a}+s ln=df @* jif{sf] sfof{g'ej
;lxt ( cf}+ txaf6 ;]jf lgj[t .
– cfOPdO{ kmfOgflG;on OlGi6;gn ln= df
>L of]u]Zj/ zdf{ 9sfn 2,14,414 k|d'v sfo{sf/L clws[tsf] ?kdf ( jif{sf]]
! cdnfrf}/–$, afUn'Ë cWoIf (1.05%) &# g]kfnL l8Knf]df — sfof{g'ej
—Unf]an cfOPdO{ a}+s ln=df gfoa k|d'v sfo{sf/L
clws[tsf] ?kdf ! jif{sf] sfof{g'ej
—cfOPdO{ sf]—ck/]l6e ln=df sfo{sf/L
cWoIfsf] ?kdf ( jif{sf] sfof{g'ej
—cfOPdO{ hg/n OG:of]/]G; ln=df ;~rfnssf]
?kdf % jif{sf] sfof{g'ej
>L ;'/h s'df/ >]i7 11,57,830 — Jofkf/ If]qdf !% jif{sf] cg'ej
@ sf=d=g=kf !#, sf7df08f} ;~rfns (5.65%) $$ g]kfnL Pd=lj=P= ;~rfns - Unf]an cfOPdO{ a}+s ln=df @)^(
-k|ltlglw–lgldiff OGe]i6d]06 k|f= ln=_ b]lv @)&% ;Dd .
— ;~rfns tyf cWoIf - cnsf OGe]i6d]06 k|f=
ln= df @)^$ ;fn b]lv xfn;Dd
4,70,841
k|aGw lgb]{zs – uf}/f sG:6«S;g k|f ln= @)&$
>L s'df/ kf}8]n ;fn b]lv xfn;Dd .
# ;~rfns (2.30%) #$ g]kfnL Pd=lj=P;=
b]jbx–$, ?kGb]xL ;~rfns – @ jif{sf] sfo{cg'ej xfyj] kmfO{gfG;
ln=.
;~rfns- @ jif{sf] sfo{cg'ej cfO{hLcfO{
k|'8]lG;on OG:of]/]G; lnld6]8 .
>L ho/fd g]kfn sfo{sf/L lgb]{zs – dfnf OGe]i6d]06 k|f= ln=df
57,49,941 ldlt @)&) b]lv xfn;Dd .
sNn]/L )#, wflbË (28.08%)
$ ;~rfns #@ g]kfnL Pd=lj=P= —
-k|ltlglw P;=cf/= xfO{8«f] P08
OGe]i6d]06 k|f=ln=_

10
-v_ ;+:yfksx? s'g} sDkgL÷;+:yf ePdf To:tf] sDkgL÷;+:yfsf] gfd tyf 7]ufgf ;lxtsf] ;+lIfKt ljj/0f (Profile) / pQm
sDkgL÷;+:yfsf ;~rfnsx?sf] gfd, 7]ufgf, -k|fs[lts JolQm gv'n];Dd_ M
;+:yfksx?sf] gfd tyf
7]ufgf
lgldiff OGe]i6d]06 k|f=ln=
sf=d=g=kf–#, sf7df08f}+ .
P;= cf/= xfO{8«f] P08 OGe]i6d]06
k|f=ln=, sf7df08f}+ .
k|e' Soflk6n ln=
sdnfbL j8f g+= #!, sf7df08f}+ .
lkmge]i6 Soflk6n ln=
sf=d=g=kf @!, nug6f]n .
;lIfKt ljj/0f ;~rfnsx?sf] gfd tyf 7]ufgf
sDkgL P]g, @)^# cGtu{t ldlt @)^$÷)^÷@$ -btf{
g+=$*^((÷^$÷^%_ df btf{ ePsf] lgldiff OGe]i6d]06
k|f=ln= g]kfnsf] ljQLo ahf/ / 3/ hUuf If]qdf nufgL ug]{
;+:yfsf] ?kdf /x]sf] 5 .
sDkgL P]g, @)^# cGtu{t ldlt @)^#÷)&÷@! -btf{
g+=$@@%#÷^#÷^$_ df btf{ ePsf] P;= cf/= xfO{8«f] P08
OGe]i6d]06 k|f=ln= g]kfnsf] ph{f, ljQLo ahf/, 3/ hUuf
If]qdf nufgL ug]{ ;+:yfsf] ?kdf /x]sf] 5 .
sDkgL P]g, @)^# cGtu{t ldlt @)^%÷)&÷!! -btf{
g+=!)*&÷)^%÷^^_ df btf{ ePsf] u|f]d/ dr]{G6 a}+s/ ln=
ldlt @)&#÷)#÷!# df gfd kl/jt{g ul/ k|e' Soflk6n ln=
ePsf] sDkgL g]kfnsf] ljQLo ;]jfx? k|bfg ug]{ ;+:yfsf]
?kdf /x]sf] 5 .
sDkgL P]g, @)^# cGtu{t ldlt @)&^÷!)÷!( -btf{
g+=@##^$(÷)&^÷)&&_ df btf{ ePsf] lkmge]i6 SofkL6n
ln= g]kfnsf] ljQLo ultljlwsf cGo ;xfos lqmofsnfkx?,
sf]if Joj:yfkg lqmofsnfkx?, ;'/If0f tyf j:t' ;Demf}tf
bnfnL, ljQLo 7]Ssfk6\6f, ljQLo ahf/ k|zf;g h:tf ;]jf
k|bfg ug]{ ;+:yfsf] ?kdf /x]sf] 5 .
cGhnL cof{n, cdnfrf}/ uf=lj=;= j8f g++= $, afun'Ë
gj/fh g]kfn, sNn]/L )#, wflbË
pQd s'df/ g]kfn, sNn]/L )#, wflbË
Pn=lk= efg' zdf{, sf=d=g=kf= )$, sf7df08f}+
e"lkGb| vqL, sf=d=g=kf= #$, sf7df08f}+
/laGb| 9sfn, a'9flgns07 gu/kflnsf &, sf7df08f}+
Hof]tL z]/rg, sfo{ljgfos gu/kflnsf !*, nlntk'/
e/t l;+x yfkf, nlntk'/ dxfgu/kflnsf @#, nlntk'/
g/]z h+Ë yfkf, gfuf{h'g gu/kflnsf @, sf7df08f}+
dx]Gb| >]i7, sf=d=g=kf= )(, sf7df08f}+
k|sfz s'df/ >]i7, x]6f}8f @, dsjfgk'/
/fx'n s'df/ cu|jfn, uf}/ g=kf )!, /f}tx6
/fh]Gb| 8+uf]n, sf=d=g=kf !(, sf7df08f}+
z'ne cu|jfn, uf}/ g=kf )!, /f}tx6

-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

qm=;+ ;~rfnssf] gfd, 7]ufgf cfa4 /x]sf] ;+:yfsf] gfd, 7]ufgf

!= of]u]Zj/ zdf{ 9sfn
cWoIf—cfOPdO{ sf] ck/]l6e ln=, sflGtky, sf7df08f}+ .
cdnfrf}/–$, afUfn'Ë
@= ;'/h s'df/ >]i7
sf=d=g=kf !#, sf7df08f} ;~rfns— wf}nflu/L klZdgf pBf]u, sf7df08f}+ .
-k|ltlglw–lgldiff OGe]i6d]06 k|f= ln=_
#= s'df/ kf}8]n cWoIf - cnsf OGe]i6d]06 k|f= ln=, sf7df08f}+ .
b]jbx–$, ?kGb]xL k|aGw lgb]{zs – uf}/f sG:6«S;g k|f= ln=, sf7df08f}+ .
$= ho/fd g]kfn, sNn]/L )#, wflbË sfo{sf/L lgb]{zs – dfnf OGe]i6d]06 k|f= ln=, sf7df08f}+ .
-k|ltlglw P;=cf/ xfO{8«f] OGe]i6d]06 k|f=ln=_
dfly pNn]lvt ;~rfnsx?n] ;"rLs[t ;+ul7t ;+:yfx?sf] ;+:yfut ;'zf;g ;DaGwL lgb]{lzsf, @)&$ sf] ;Dk"0f{ Joj:yfx? tyf sDkgL P]g, @)^#
sf] bkmf *( sf] pkbkmf -!_ adf]lhdsf] Joj:yfx? kfngf ug'{ePsf] 5 .

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

-s_ sDkgLsf] z]o/ v/Lb jf x:tfGt/0f ug{ jf lwtf]aGws /fVg ;~rfns ;ldltsf] :jLs[lt lng' kg]{5 . :jLs[lt lagf ul/Psf]
z]o/ v/Lb jf x:tfGt/0f dfGo x'g] 5}g\ .
-v_ ;j{;fwf/0f z]o/wgL ;d"x afx]s cGo ;d"xsf nufgLstf{x?nfO{ ;j{;fwf/0fnfO{ lgisfzg u/]sf] z]o/ afF+8kmfF+6 ePsf] ldltn]
# -tLg_ jif{ k"/f geP;Dd laqmL ljt/0f jf x:tfGt/0f ug{ kfOg] 5}g\ .

u=%=v=;+:yfks÷;~rfns;Fusf] sf/f]af/ M

-s_ ;+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 afkt ;+ul7t ;+:yfn] s'g} ;DklQ, ;]jf k|fKt u/]sf]
jf ug]{ ePdf tT;DaGwL ljj/0f M ;f] gePsf] .
-v_ a'Fbf -s_ df pNn]lvt j:t' jf ;'ljwfsf] d"No lgwf{/0f ug{ ckgfOPsf] tl/sf M ;f] gePsf] .

11
u=^=;Lldt bfloTj ;DaGwL ljj/0f M
o; sDkgL k|rlnt sDkgL sfg'g cGtu{t :yflkt tyf ;~rflnt klAns lnld6]8 sDkgL xf] . sDkgLdf z]o/wgLx?sf] bfloTj
;Lldt 5 . o; sDkgLsf] z]o/wgLsf] bfloTj lghn] v/Lb u/]sf] jf v/Lb 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

u=&=s=;+ul7t ;+:yfsf] pRr Aoa:yfksLo txsf clws[t sd{rf/Lx? ;DaGwL ljj/0f M

-s_ ;+ul7t ;+:yfsf] pRr Joj:yfksLo txsf sd{rf/Lsf] gfd, of]Uotf, lgo'lQm ePsf] ldlt, klxn] u/]sf] sfdsf] 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]{ .
qm= sd{rf/Lsf] z]o/
;+= gfd kb of]Uotf lgo'lQm ldlt sfof{g'ej ;+Vof
!= ;+lbk zfx k|d'v sfo{sf/L clws[t :gfts @)&)÷)@÷)! —xfyj] OGe]i6d]06 g]kfn ln=df k|d'v ljQLo clws[tsf] –
?kdf ldlt @)&)÷)@÷)! b]lv ldlt @)&&÷)^÷#)
;Dd sfo{ cg'ej .
—xfyj] OGe]i6d]06 g]kfn ln= df ldlt @)&&÷)^÷#)
b]lv k|d'v sfo{sf/L clws[tsf] ?kdf sfo{/t /x]sf] .
@= ;'wf cof{n ;xfos k|aGws÷ sDkgL :gftsf]Q/ @)^*÷)&÷)* —hf]nL uf]vf{ P8e]Gr/ k|f=ln= 6«fen P08 6'/df n]vf –
;lrj clws[tsf] ?kdf ldlt @)^&÷!)÷!* b]lv ldlt
@)^*÷)&÷)# ;Dd sfo{ cg'ej .
—xfyj] OGe]i6d]06 g]kfn ln=df ldlt @)^*÷)&÷)*
b]lv ljleGg kbdf sfo{ /xL xfn ;xfos k|aGwssf] ?kdf
sfo{/t.
# ;+lbn >]i7 clws[t÷cg';Gwfg k|d'v :gftsf]Q/ @)&%÷)!÷@# —xfyj] OGe]i6d]06 g]kfn ln= df ldlt @)&%÷)!÷@# –
b]lv ljleGg kbdf sfo{ u/L xfn clws[t kbdf sfo{/t .
gf]6 M pk/f]Qm adf]lhdsf sd{rf/Lx? cGo s'g} ;+ul7t ;+:yfsf] cfwf/e"t z]o/wgL g/x]sf] .

-v_ 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 ;f] gePsf] .

-u_ sd{rf/Lsf] ;+Vof M :yfoL, c:yfoL, s/f/, Hofnfbf/L / cGo .

sDkgLdf xfn b]xfo adf]lhdsf sd{rf/Lx? sfo{/t 5g\ M
ljj/0f s'n sd{rf/L ;+Vof :yfoL c:yfoL s/f/ Hofnfbf/L cGo
sd{rf/Lx? !! !! — — — —

-3_ ;~rfns ;ldltsf] cWoIf nufot cGo ;b:ox?nfO{ k|bfg ul/g] jf ul/Psf] a}7s eQfsf] b/ tyf lghx?nfO{ k|bfg ul/g] jf
ul/Psf] b}lgs tyf e|d0f eQf tyf cGo ;'ljwf M sDkgLsf] jflif{s ;fwf/0f ;efsf] lg0f{o cg';f/ ;~rfns ;ldltsf] a}7s
eQf afkt tk;Ln adff]lhd eQf lbg] Joj:yf /xsf] 5 .
!= ;~rfns ;ldltsf] cWoIfsf] nflu k|lt a}7s eQf ?=!),))).–
@= ;~rfns ;ldltsf ;~rfns ;b:ox?sf] nflu k|lt a}7s eQf ?=*,))).–

-ª_ ;+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

Ps jif{leq cyf{t\ @)&* >fj0fb]lv @)&(

qm=;+= sd{rf/Lsf] gfd kb cfiff9 ;Dddf e'QmfgL u/]sf] kfl/>lds -?=_
!= ;+lbk zfx k|d'v sfo{sf/L clws[t 29,11,500.00
@= ;'wf cof{n ;xfos k|aGws÷sDkgL ;lrj 11,01,600.00
# ;+lbn >]i7 clws[t÷cg';Gwfg k|d'v 7,93,329.00

-r_ 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] .

12
u=*= cGt{lglxt hf]lvd tyf ;f] df Joj:yfkgsf] nflu Joj:yfkgsf] wf/0ff M

o; ;Gbe{df hf]lvdx?nfO{ ;+ul7t ;+:yfsf] cfGtl/s jf Joj;fo;Fu k|ToIf cyjf ;+ul7t ;+:yfsf] lgoGq0f eGbf aflx/sf] egL
jlu{s/0f u/L k|d'v ?kdf b]xfosf] hf]lvdx? /x]sf 5g\ .
-s_ ljQLo ;fwgsf] cefjaf6 x'g] hf]lvd M nufgLdf e'QmfgL ug{ ;d:of kg]{ .
-v_ sRrf kbfy{sf] cefjaf6 x'g] hf]lvd Mnfu' gx'g] .
-u_ pTkfbg tyf ;]jfsf] ahf/ l:ylt / o;df cfpg] kl/jt{gaf6 x'g] hf]lvd M
!= sDkgLn] u/]sf nufgL v/fj x'g uPdf x'g] hf]lvdx? .
@= sDkgLn] nufgL u/]sf] cGo sDkgLx?sf] kl/of]hgf ljleGg kl/l:yltn] ubf{ ;dodf g} lgdf{0f x'g g;s]df pTkGg x'g]
hf]lvdx? .
#= Aofhb/df cfpg] kl/jt{gaf6 x'g ;Sg] hf]lvdx? .
-3_ cfof]hgf ;DkGg x'g l9nfO{ x'g] ;Defjgf / To;af6 x'g] d"No clej[l4 (Cost Overrun) sf] hf]lvd M
!=sDkgLn] nufgL u/]sf] cGo sDkgLsf] kl/of]hgfx?df d"No clej[l4 x'Fbf nufgL /sd a9\g] / k|ltkmn cfpg
l9nfO{ x'g] hf]lvd .
-ª_ ljb]zL ljlgdosf] hf]lvd M ;f] gePsf] .
-r_ sfg"gL k|lqmofx? tyf O{hfht k|fKt ug'{ kg]{ eP ;f] af6 kg{ ;Sg] cj/f]wx? M xfn sDkgLn] k"/f ug'{kg]{ ;Dk"0f{ sfg'gL
k|lqmofx? k"/f ul/;s]sf] / k|fKt ug{'kg]{ ;Dk"0f{ O{hfht k|fKt u/L ;s]sf]n] ;f] hf]lvd g/x]sf] .
-5_ If]qLos/0f / ljZjAofkLs/0f (Globalization) sf sf/0faf6 pTkGg x'g ;Sg] hf]lvd M
!= cGt/f{l{i6«o ahf/df x'g] cfly{s dGbLaf6 g]kfnL ahf/df kg{ ;Sg] c;/af6 x'g;Sg] cfly{s hf]lvdx? .
@= k"FhL ahf/sf] cj:yfdf cfpg] ptf/–r9fjaf6 kg{ ;Sg] hf]lvdx? .
-h_ ;/sf/L gLlt tyf lgodx?df x'g] kl/jt{g tyf ljZjAofkL ?kdf x'g] gLltut kl/jt{gaf6 pTkGg x'g] hf]lvd M s/, eG;f/,
;~rf/sf pks/0fx? cfoftdf s'g} klg ;/sf/L gLltut kl/jt{g ePdf o:tf hf]lvd /xg] .
-em_ ;~rfng Oltxf;sf] cefj M ;+:yfks ;+ul7t ;+:yfx? ljut nfdf] ;dob]lv o; sDkgL;Fu ;Da4 /xL cfPsf]n] ;~rfng
O{ltxf;sf] cefj gx'g] .
-`_ k|ljlwsf] kl/jt{gaf6 x'g] ;Sg] hf]lvd M k|ljlwx?df cfpg] kl/jt{gx?nfO{ ;d]t ;dofg's"n cku|]8 u/L k|ljlwx?
leq\ofPsf]n] k|ljlwsf] kl/jt{gaf6 cfpg;Sg] hf]lvdnfO{ Go"lgs/0f ug{ ;3fp k'u]sf] 5 .
-6_ k'jf{wf/ lgdf{0fdf x'g] l9nfO{sf sf/0f x'g ;Sg] hf]lvd M ;f] gePsf] .
-7_ cGo M
!= b]zsf] /fhg}lts cl:y/tfaf6 cfpg ;Sg] hf]lvdx? .
@= b]zsf] cfly{s cj:yfdf cfpg] ptf/–r9fjaf6 x'g;Sg] hf]lvdx? .

;Defljt cfly{s hf]lvdx?nfO{ Go"gLs/0f ug{ Joj:yfkgn] lgDg pkfox? cjnDag ub}{ hfg]5 M
sDkgLn] ljQ ahf/df x'g] k|lt:kwf{sf] ;fy} If]qLos/0f / ljZjAofkLs/0fsf sf/0faf6 pTkGg x'g ;Sg] hf]lvdx? Go"gLs/0f
ug{sf nflu hgzlQm ljsf;df Wofg k'¥ofpg'sf] ;fy} cGo Aoj;flos hf]lvdx?af6 pTkGg x'g ;Sg] xflg gf]S;fgLsf] nflu
Aoj:yfkg rgfvf] eO{ ;Defljt xflg gf]S;fgL sd ug{ ;Ifd / k|ltj¢ 5 . To:t} cGo ljleGg hf]lvdx? Go'lgs/0fsf
nflu k|efjsf/L cfGtl/s lgoGq0f k|0ffnL, ;dofg';f/sf] cfw'lgs k|ljlw, :ki6 gLlt tyf lgodx?sf] lgdf{0f Pjd\
;dofg';f/ cfˆgf] ;]jf tyf ;'ljwfx?df kl/jt{g ub}{ nlug] sDkgLsf] gLlt /x]sf] 5 .
o;sf ;fy} o; sDkgLsf] :jfldTjdf /x]sf] ef}lts ;+/rgfx?, KnfG6 P08 OlSjkd]06, d]l;g/L kf6k"hf{x? tyf
kmlg{r/ lkmS:r;{ nufot cGo ;DkQLx?sf] ;Defljt hf]lvdnfO{ Go"lgs/0fsf nflu b]xfo cg';f/sf] aLdf ul/Psf]
5M
l;=g+= aLdf ug]{ sDkgLsf] ljj/0f ljj/0f /sd -?=_ aLdf n]v ;dfKt x'g] ldlt
!= g]kfn OG:of]/]G; sDkgL lnld6]8 ejg, cfjf;, cft+sjfb, x'nb+uf 3,13,598.00 !!÷)(÷@)@#
tyf tf]8kmf]8 ;DaGwL
@= g]kfn OG:of]/]G; sDkgL lnld6]8 h]g]/]6/, 6«fG;kmd{/ tyf lnˆ6 cflb 1,01,722.00 !!÷)(÷@)@#
;DklQ ;DaGwL
#= o'gfO{6]8 OG:of]/]G; sDkgL -g]kfn_ ;jf/L ;fwg aLdfn]v 26,539.29 )#÷)*÷@)@#
lnld6]8
hDdf 4,41,859.29

lwtf]kq d"No kl/jt{g ;DalGw hf]lvd M

k|lt lsQf c+lst d'No ?=%).—sf] b/n] lgisfzg ul/Psf] z]o/ d"Non] ;"rLs/0f kZrft\ g]kfn :6s PS;r]Gh lnld6]8df x'g]
sf/f]jf/ d"No ghgfpg] ePsf]n] z]o/ d"Nodf x'g ;Sg] kl/jt{gsf] hf]lvd /x]sf] 5 .

13
u=(= ljQLo ljj/0f
u=(=s= ljQLo ljj/0f / tT;DaGwdf Joj:yfkgsf] wf/0ff / ljZn]if0f M
-s_ ;+ul7t ;+:yfsf] n]vfk/LIf0f ePsf] kl5Nnf] cfly{s jif{sf] jf;nft, gfkmf-gf]S;fg lx;fa afF8kmfF6, gub k|jfx
ljj/0fM o; sDkgLsf] cf=j=)&*÷)&( sf] n]vfkl/If0f ePsf] jf;nft, gfkmf—gf]S;fg lx;fa tyf gfkmf—gf]S;fg
afF8kmfF6 lx;fa vftfsf] oyfy{ ¿k/]vf o; k|sf/ 5 M

jf;nft ->fj0f !, @)&* b]lv cfiff9 #!, @)&(_

-?=xhf/df_
ljj/0f /sd
;Dklt
gub tyf gub a/fa/ 2,397
z]o/df nufgL 18,65,650
cGo ljQLo ;Dklt 2,88,257
rfn' cfos/df ;Dklt -
;Dklt / pks/0f 4,357
nufgL ;Dklt 1,73,282
cGo ;Dklt 784
hDdf ;Dklt 23,34,726
k'FhL tyf bfloTj -
bfloTj -
a}+s tyf ljQLo ;+:yfsf] sf/0fn] 1,88,675
cGo ljQLo bfloTj 10,575
xfnsf] s/ bfloTjx¿ 16,223
z4 kl/eflift nfe bfloTj 1,313
:yug s/ bfloTjx? 1,70,881
cGo bfloTj 35
hDdf bfloTjx? 3,87,702
k'FhL
z]o/ k"FhL 10,23,750
hu]8f sf]if 9,23,274
hDdf k"FhL 19,47,024
hDdf k"FhL tyf bfloTjx? 23,34,726

gfkmf–gf]S;fg lx;fa ->fj0f !, @)&* b]lv cfiff9 #!, @)&(_

-?=xhf/df_
gfkmf gf]S;fg /sd
Joj;fo ;~rfng sfo{af6 k|fKt cfo 12,75,619
cGo cfDbfgL 1,793
hDdf cfDbfgL 12,77,412
vr{
nufgL v/Lb 4,34,582
nufgLdf -j[l4_÷sdL 5,95,118
sd{rf/L vr{ 17,900
Joj:yfkg vr{ 6,491
x|f;s§L -
;Dklt tyf pk/0fdf x|f;s§L 1,778

14
;Dklt nufgLdf x|f;s§L 621
ljQLo vr{ 27,944
hDdf vr 10,84,434
cfos/ cl3sf] gfkmf 1,92,978
s/ (2,790)
cfos/ 43,733
:yug s/sf] cfo÷Joo 46,523
o; jif{sf] gfkmf 1,95,767
k|lt z]o/ cfDbfgL 9.56

ldlt @)&* >fj0f ! b]lv @)&( cfiff9 d;fGt;Ddsf] gub k|jfx ljj/0f
-? xhf/df_
ljj/0f /sd
s= sf/f]af/ ;~rfngaf6 gub k|jfx
s/ eGbf cl3sf] gfkmf÷-gf]S;fg_ 1,92,978
u}/ gub j:t'x?df ;dfof]hg / u}/ ;~rfngdf ;dfof]hg -
lklkOsf] cjd'Nog / d"Nox|f; 2,399
;DklQsf] laqmLdf gfkmf÷-gf]S;fg_ -
kl/eflift nfe of]hgfsf] hDdf z'Ns (1,74,279)
kl/eflift nfe of]hgf s'n z'Ns 344
ljQLo vr{x? 27,944
k"FhL tyf ;Dkltdf kl/jt{g -
;~rfng ;Dkltdf kl/j{g 69,786
;~rfng bfloTjdf kl/jt{g (26,036)
o; jif{sf] pkbfg e'QmfgL -
s/ lt/]sf] (38,756)
;~rfng ultljl3x?af6 v'b gub k|jfx 54,381
v= nufgL ultljlwx?af6 gub k|jfx
;Dklt KnfG6 / pks/0fsf] v/Lb (498)
;Dklt KnfG6 / pks/0fsf] laqmL -
nufgL ;Dkltsf] laqmL -
nufgL ultljlwx?af6 v'b gub k|jfx (498)
u= ljQLo ultljlwx?af6 ePsf] gub k|jfx
C0f lgisfzg 1,88,675
z]o/ lgisfzg -
;j{;fwf/0f z]o/wgLx?df nfef+z ljt/0f (2,45,700)
ljQLo vr{x? (27,944)
ljQLo ultljlwx?af6 v'b gub k|jfx (84,969)
gub / gub a/fa/df j[l4÷-sdL_ (31,086)
o; jif{sf] z?jftL gub / gub a/fa/ 33,483
gub / gub a/fa/df ljlgdo b/ kl/jt{gsf] k|efj -
jiff{Gtsf] gub tyf gub a/fa/ 2,397

15
-v_ ;~rfng cjlw tLg jif{ Joltt e};s]sf] cj:yfdf ljut tLg jif{sf] / tLg jif{ JotLt 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
jf;nft ->fj0f !, @)&^÷)&& b]lv cfiff9 #!, @)&*÷)&( ;Ddsf]_

-?=xhf/df_
ljj/0f cf=j= 2076/2077 cf=j= 2077/2078 cf=j= 2078/2079
;Dklt
gub tyf gub a/fa/ 1,930 33,483 2,397
z]o/df nufgL 11,73,959 21,85,434 18,65,650
cGo ljQLo ;Dklt 47,486 27,727 2,88,257
rfn' cfos/df ;Dklt 28,519 - -
;Dklt / pks/0f 6,996 5,875 4,357
nufgL ;Dklt 2,84,232 1,73,665 1,73,282
cGo ;Dklt 48 53 784

hDdf ;Dklt 15,43,169 24,26,237 23,34,726

k'FhL tyf bfloTj
bfloTj
a}+s tyf ljQLo ;+:yfsf] sf/0fn] 4,55,224 - 1,88,675
cGo ljQLo bfloTj 28,422 36,576 10,575
xfnsf] s/ bfloTjx¿ - 11,245 16,223
z4 kl/eflift nfe bfloTj 796 969 1,313
:yug s/ bfloTjx? 8,344 2,55,388 1,70,881
cGo bfloTj - 70 35
hDdf bfloTjx? 4,92,786 3,04,249 3,87,702
k'FhL
z]o/ k"FhL 8,19,000 8,19,000 10,23,750
hu]8f sf]if 2,31,383 13,02,988 9,23,274
hDdf k"FhL 10,50,383 21,21,988 19,47,024

hDdf k"FhL tyf bfloTjx? 15,43,169 24,26,237 23,34,726

gfkmf gf]S;fg lx;fj

-?= xhf/df_
ljj/0f cf=j= 2076/2077 cf=j= 2077/2078 cf=j= 2078/2079
Joj;fo ;~rfng sfo{af6 k|fKt
cfo 9,64,166 34,28,037 12,75,619
cGo cfDbfgL 19,772 93,508 1,793
hDdf cfDbfgL 9,83,937 35,21,545 12,77,412
vr{
nufgL v/Lb 5,46,535 29,99,889 4,34,582
nufgLdf -j[l4_÷sdL 3,31,717 (3,12,700) 5,95,118
sd{rf/L vr{ 10,894 43,105 17,900
Joj:yfkg vr{ 3,821 11,463 6,491
x|f;s§L - - -
;Dklt tyf pks/0fdf x|f;s§L 2,934 2,111 1,778

16
;Dklt nufgLdf x|f;s§L 684 650 621
ljQLo vr{ 74,889 42,414 27,944
hDdf vr 9,71,473 27,86,932 10,84,434
cfos/ cl3sf] gfkmf 12,464 7,34,613 1,92,978
s/ (10,938) 1,74,347 (2,790)
cfos/ - 97,750 43,733
:yug s/sf] cfo÷Joo 10,938 (76,597) 46,523
o; jif{sf] gfkmf 23,401 5,60,265 1,95,767
k|lt z]o/ cfDbfgL 1.43 34.20 9.56

gub k|jfx ljj/0f -?=xhf/df_

cf=j=
ljj/0f cf=j= 2076/2077 cf=j= 2077/2078 2078/2079
s= sf/f]af/ ;~rfngaf6 gub k|jfx
s/ eGbf cl3sf] gfkmf÷-gf]S;fg_ 12,464 7,34,613 1,92,978
u}/ gub j:t'x?df ;dfof]hg / u}/
;~rfngdf ;dfof]hg - - -
lklkOsf] cjd'Nog / d"Nox|f; 3,618 2,761 2,399
;DklQsf] laqmLdf gfkmf÷-gf]S;fg_ - (80,083) -
kl/eflift nfe of]hgfsf] hDdf z'Ns - - (1,74,279)
kl/eflift nfe of]hgf s'n z'Ns 387 338 344

ljQLo vr{x? 74,889 42,414 27,944

k"FhL tyf ;DklQdf kl/jt{g - - -
;~rfng ;DklQdf kl/j{tg 3,78,883 (3,15,235) 69,786
;~rfng bfloTjdf kl/jt{g (3,81,873) (4,41,700) (26,036)
o; jif{sf] pkbfg e'QmfgL (1,290) (164) -
s/ lt/]sf] (10,188) (57,986) (38,756)
;~rfng ultljlwx?af6 v'b gub k|jfx 76,890 (1,15,043) 54,381
v= nufgL ultljlwx?af6 gub k|jfx
;Dklt KnfG6 / pks/0fsf] v/Lb (3,890) (1,087) (498)
;Dklt KnfG6 / pks/0fsf] ljqmL 1,773 97 -
nufgL ;Dkltsf] ljqmL - 1,90,000 -
nufgL ultljlwx?af6 v'b gub k|jfx (2,116) 1,89,010 (498)
u= ljQLo ultljlwx?af6 ePsf] gub k|jfx
C0f lgisfzg - - 188,675
z]o/ lgisfzg - - -
;j{;fwf/0f z]o/wgLx?df nfef+z ljt/0f - - (2,45,700)
ljQLo vr{x? (74,889) (42,414) (27,944)

ljQLo ultljlwx?af6 v'b gub k|jfx (74,889) (42,414) (84,969)

gub / gub a/fa/df j[l4÷-sdL_ (115) 31,553 (31,086)
o; jif{sf] z?jftL gub / gub a/fa/ 2,045 1,930 33,483
gub / gub a/fa/df ljlgdo b/
kl/jt{gsf] k|efj - - -
jiff{Gtsf] gub tyf gub a/fa/ 1,930 33,483 2,397

17
-u_ cfly{s jif{ ;dfKt ePsf] ( dlxgf kZrft ljj/0fkq :jLs[ltsf] nflu k]z u/]df pQm cGtl/d cjlwsf]
n]vfkl/Ifsaf6 k|dfl0ft u/]sf] ckl/is[t ljlQo ljj/0f M

sDkgLsf] Aoj:yfkgaf6 k|dfl0ft cf=j= @)&(÷)*) sf] r}t d;fGt;Ddsf] ljQLo ljj/0fx? b]xfo adf]lhd /x]sf] 5 .

@)&( r}t d;fGt;Ddsf] jf;nft

-?=xhf/df_

ljj/0f /sd
;DklQ
gub tyf gub a/fa/ 697
z]o/df nufgL 17,46,300
cGo ljQLo ;Dklt 3,16,105
;Dklt / pks/0f 3,748
nufgL ;Dklt 1,312
:yug s/ ;DklQ 1,81,284
cGo ;DklQ 4,599
hDdf ;DklQ 22,54,045
k'FhL tyf bfloTj
bfloTj
a}+s tyf ljQLo ;+:yfsf] sf/0fn] 4,24,840
cGo ljQLo bfloTj 6,024
xfnsf] s/ bfloTjx¿
z4 kl/eflift nfe bfloTj 1,356
:yug s/ bfloTjx? 1,70,881
hDdf bfloTjx? 6,03,101
k'FhL
z]o/ k"FhL 10,23,750
hu]8f sf]if 6,27,194
hDdf k"FhL 16,50,944
hDdf k"FhL tyf bfloTjx? 22,54,045

@)&( r}q d;fGt;Ddsf] gfkmf–gf]S;fg lx;fa -?=xhf/df_

/sd
ljj/0f
z]o/ nufgLaf6 cfDbfgL 8,163
cGo cfDbfgL 35,682
hDdf cfDbfgL 43,845
sd{rf/L vr{ 4,132
Joj:yfkg vr{ 3,463
;Dklt tyf pk/0fdf x|f;s§L 1,144
;Dklt nufgLdf x|f;s§L 440
ljQLo vr{ 30,038
hDdf vr{ 39,217
cfos/ cl3sf] gfkmf 4,628
s/ 1,157
cfos/ 1,157
:yug s/sf] cfo÷Joo -
o; jif{sf] gfkmf 3,471
k|lt z]o/ cfDbfgL 0.17

18
 @)&( r}q d;fGt;Ddsf] gub k|jfx ljj/0f -?=xhf/df_
/sd
ljj/0f
s= sf/f]af/ ;~rfngaf6 gub k|jfx
s/ eGbf cl3sf] gfkmf÷-gf]S;fg_ 4,628
u}/ gub a:t'x?df ;dfof]hg / u}/ ;~rfngdf ;dfof]hg -
k'gd{"NofÍg l/he{sf] lkmtf{ (1,36,283)
lklkO sf] cjd'Nog / d"Nox|f; 1,584
kl/eflift nfe of]hgf s'n z'Ns 413
ljQLo vr{x? 30,038
k"FhL tyf ;Dkltdf kl/jt{g -
;~rfng ;Dkltdf kl/j{g 7,198
;~rfng bfloTjdf kl/jt{g (4,587)
s/ lt/]sf] -
;~rfng ultljlwx?af6 v'b gub k|jfx (97,010)
v= nufgL ultljlwx?af6 gub k|jfx -
;Dklt KnfG6 / pks/0fsf] v/Lb (8,443)
;Dklt KnfG6 / pks/0fsf] laqmL -
nufgL ;Dkltsf] laqmL -
nufgL ultljlwx?af6 v'b gub k|jfx (8,443)
u= ljQLo ultljlwx?af6 ePsf] gub k|jfx -
C0f lgisfzg 2,36,165
z]o/ lgisfzg -
;j{;fwf/0f z]o/wgLx?df nfef+z ljt/0f (1,02,375)
ljQLo vr{x? (30,038)
ljQLo ultljlwx?af6 v'b gub k|jfx 1,03,753
gub / gub a/fa/df j[l4÷-sdL_ (1,700)
o; jif{sf] z?jftL gub / gub a/fa/ 2,397
gub / gub a/fa/df ljlgdo b/ kl/jt{gsf] k|efj -
gub/ gub a/fa/df ljlgdo b/ kl/jt{gsf] k|efj 697

-3_ cfDbfgL / vr{ lx;fasf] s'g} zLif{sdf 7'nf] dfqfdf kl/jt{g ePdf To;sf] ljZn]if0ffTds sf/0f M ;f] gePsf] .
-ª_ 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 ;f] gePsf] .
-r 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] af/]df 5'§} hfgsf/L ljj/0fkqdf ;dfj]z ug'{kg]{ M ;f] gePsf] .
-5_ ljut % jif{df ;DklQsf] k'gd"{NofÍg ul/Psf] 5÷5}g, olb ul/Psf] eP -c_ ;DklQsf] ljj/0f -cf_ ;DklQsf]
k'gd"{NofÍg cl3 / kl5sf] lstfjL d"No -O{_ k'gd"{NofÍgsf] cf}lrTo M ;f] gePsf] .
-h_ cfufdL tLg jif{sf] k|If]lkt jf;nft, gfkmf gf]S;fg lx;fasf ;fy} To;sf u0fgfsf] cfwf/x? M sDkgLsf] cfufdL
# cfly{s jif{sf] nflu k|If]lkt ljQLo ljj/0f tyf kl/;"rs b]xfo adf]lhd /x]sf] 5 .

jf;nft -?=xhf/df_
ljj/0f cf=j= 2079/080 cf=j= 2080/081 cf=j= 2081/082
;Dklt
gub tyf gub a/fa/ 13,032 11,687 10,447
z]o/df nufgL 20,59,256 21,77,022 23,94,900
cGo ljQLo ;Dklt 31,572 48,745 23,517
;Dklt / pks/0f 3,461 2,636 2,013

19
nufgL ;Dklt - - -
:yug s/ ;Dklt 1,81,141 1,80,027 1,78,968
cGo ;Dklt 4,599 5,518 6,622
hDdf ;Dklt 22,93,061 24,25,635 26,16,466
k'FhL tyf bfloTj - - -
bfloTj - - -
a}+s tyf ljQLo ;+:yfsf] sf/0fn] 3,91,098 2,05,000 1,47,500
cGo ljQLo bfloTj 14,141 12,772 2,971
xfnsf] s/ bfloTjx¿ 771 3,993 5,190
z4 kl/eflift nfe bfloTj 1,726 2,235 2,914
:yug s/ bfloTjx? 1,53,793 1,38,414 1,24,572
hDdf bfloTjx? 5,61,529 3,62,414 2,83,148
k'FhL - - -
z]o/ k"FhL 10,23,750 11,70,000 11,70,000
hu]8f sf]if 7,07,782 8,93,221 11,63,319
hDdf k"FhL 17,31,532 20,63,221 23,33,319
hDdf k"FhL tyf bfloTjx? 22,93,061 24,25,635 26,16,466

gfkmf–gf]S;fg lx;fa -?= xhf/df_

ljj/0f cf=j= 2079/080 cf=j= 2080/081 cf=j= = 2081/082
z]o/ nufgLaf6 cfDbfgL 18,024 1,42,867 1,76,904
cGo cfDbfgL 46,732 58,298 66,595
hDdf cfDbfgL 64,756 2,01,165 2,43,498
sd{rf/L vr{ 7,814 8,399 9,351
Joj:yfkg vr{ 3,463 6,179 6,797
;Dklt tyf pk/0fdf x|f;s§L 1,096 825 623
;Dklt nufgLdf x|f;s§L 587 557 529
ljQLo vr{ 38,835 25,486 18,579
hDdf vr{ 51,794 41,446 35,879
cfos/ cl3sf] gfkmf 12,962 1,59,719 2,07,619
s/ (13,848) 24,551 38,063
cfos/ 3,240 39,930 51,905
:yug s/sf] cfo÷Joo 17,088 15,379 13,841
o; jif{sf] gfkmf 26,809 1,35,169 1,69,556
k|lt z]o/ cfDbfgL 1.31 5.78 7.25

gub k|jfx ljj/0f -?=xhf/df_

ljj/0f cf=j= 2079/080 cf=j= 2080/081 cf=j= 2081/082
s= sf/f]af/ ;~rfngaf6 gub k|jfx
s/ eGbf cl3sf] gfkmf÷-gf]S;fg_ 12,962 1,59,719 2,07,619
u}/ gub j:t'x?df ;dfof]hg / u}/ ;~rfngdf
- - -
;dfof]hg
k'gd{"NofÍg l/he{sf] lkmtf{ (1,36,283) 50,271 1,00,542
lklkOsf] cjd'Nog / d"Nox|f; 1,682 1,382 1,153
kl/eflift nfe of]hgf s'n z'Ns 413 509 679

20
 ljQLo vr{x? 38,835 25,486 18,579
k"FhL tyf ;Dkltdf kl/jt{g - - -
;~rfng ;Dkltdf kl/j{g 36,926 (1,72,010) (2,43,931)
;~rfng bfloTjdf kl/jt{g 3,530 (1,368) (9,801)
s/ lt/]sf] - - -
;~rfng ultljlwx?af6 v'b gub k|jfx (41,936) 63,989 74,839
v= nufgL ultljlwx?af6 gub k|jfx - - -
;Dklt KnfG6 / pks/0fsf] v/Lb (8,643) - -
;Dklt KnfG6 / pks/0fsf] ljqmL - - -
nufgL ;Dkltsf] ljqmL - - -
nufgL ultljlwx?af6 v'b gub k|jfx (8,643) - -
u= ljQLo ultljlwx?af6 ePsf] gub k|jfx - - -
C0f lgisfzg 2,02,423 (1,86,098) (57,500)
z]o/ lgisfzg - 1,46,250 -
;j{;fwf/0f z]o/wgLx?df nfef+z ljt/0f (1,02,375) - -
ljQLo vr{x? (38,835) (25,486) (18,579)
ljQLo ultljlwx?af6 v'b gub k|jfx 61,213 (65,334) (76,079)
gub / gub a/fa/df j[l4÷-sdL_ 10,635 (1,345) (1,240)
o; jif{sf] z?jftL gub / gub a/fa/ 2,397 13,032 11,687
gub / gub a/fa/df ljlgdo b/ kl/jt{gsf] k|efj - - -
gub / gub a/fa/df ljlgdo b/ kl/jt{gsf] k|efj 13,032 11,687 10,447

ljQLo k|If]k0fsf cfwf/ tyf tl/sf M

ljj/0f cf= j= 2079/080 cf= j= 2080/081 cf= j= 2081/082

Jofh, s/ / x|f;s§L cl3sf] gfkmf -?= xhf/df_ 53,479 1,86,587 2,27,351

v'b d'gfkmf -?= xhf/df_ 26,809 1,35,169 1,69,556
shf{ tyf k"FhLsf] cg'kft -k|ltzt_ 22.59% 9.94% 6.32%
k"FhLaf6 k|ltkmn -k|ltzt_ 1.55% 6.55% 7.27%
Jofh e'QmfgL cg'kft -k|ltzt_ 1.33% 7.27% 12.17%

k|If]lkt ul/Psf] ljQLo ljj/0fx?sf] u0fgfsf] cfwf/x? b]xfo jdf]lhd /x]s f] 5 M–

!= las|L ug{ of]Uo ePsf nufgL laqmL ug]{ k|If]k0f ul/Psf] 5 .
@= nufgLdf !@ k|ltzt nfef+z k|fKt ug]{ k|If]k0f ul/Psf] 5 .

u=(=v=ljQLo cg'kft ;DaGwL ljj/0f M

-s_ ;~rfng cjlw tLg jif{ JotLt e};s]sf] cj:yfdf ljut tLg jif{sf] / tLg jif{ JotLt e}g ;s]sf] cj:yfdf ;~rfng
cjlwsf] tyf cfufdL tLg jif{sf] k|If]lkt k|lt z]o/ cfDbfgL (EPS) tyf k|lt z]o/ g]6jy{ M

sDkgLsf] g]6jy{ tyf k|lt z]o/ cfDbfgLdf ePsf] jf:tljs tyf k|If]lkt cf};t k|ltkmn b]xfo adf]lhd /x]sf] 5 M
jf:tljs cf=j=)&(÷)*) k|If]lkt
ljj/0f cf=j= cf=j= cf=j= r}t d;fGt cf=j= cf=j= cf=j=
)&^÷)&& )&&÷)&* )&*÷)&( ;Ddsf]* )&(÷)*) )*)÷)*! )*!÷)*@
k|lt z]o/ g]6jy{ -?=_ 64.13 129.55 95.09 80.63 84.57 88.17 99.71
k|lt z]o/ cfDbfgL -?=_ 1.43 34.20 9.56 0.17 1.31 5.78 7.25
gf]6*: Joj:yfkg tyf n]vfkl/Ifsaf6 k|dfl0ft ul/Psf] ckl/is[t ljQLo ljj/0f .

21
 jf:tljs cf=j=)&(÷)* k|If]lkt
ljj/0f cf=j= cf=j= cf=j= ) r}t cf=j= cf=j= cf=j=
)&^÷)&& )&&÷)&* )&*÷)&( d;fGt ;Ddsf] )&(÷)*) )*)÷)*! )*!÷)*@
r'Qmf kFh
" L 8,19,000 8,19,000 10,23,750 10,23,750 1,023,750 11,70,000 11,70,000

hu]8f tyf sf]ifx? 2,31,383 13,02,988 9,23,274 6,27,194 7,07,782 8,93,221 11,63,319

s'n 10,50,383 21,21,988 19,47,024 16,50,944 17,31,532 20,63,221 23,33,319

s'n g]6jy{ 10,50,383 21,21,988 19,47,024 16,50,944 17,31,532 20,63,221 23,33,319

;l~rt d'gfkmf÷
-gf]S;fg_ -?=xhf/df_ #,*!,&*! 2,79,406 3,06,215 4,41,384
32,814 6,36,464 6,10,940
z]o/ ;+Vof -xhf/df_ 16,380 16,380 20,475 20,475 20,475 23,400 23,400

k|lt z]o/ g]6jy{ -?=_ 64.13 129.55 95.09 80.63 84.57 88.17 99.71

k|lt z]o/ r'Qmf k"FhL 50.00 50.00 50.00 50.00

-?=_ 50.00 50.00 50.00
g]6jy{df cf};t
k|ltkmn 2.23% 26.40% 10.05% 0.28% 1.93% 6.55% 7.27%

lgisfzg k"j{sf] k|lt z]o/ cfDbfgL (EPS) sfod /fVg j[l4 x'g] g]6jy{df cfjZos Go"gtd k|ltkmn k|ltzt 10.84%

-v_ ljut # jif{sf] -n]vfk/LIf0f ePsf]_ g]6jy{df ePsf] cf}ift k|ltkmn M 12.89%
sDkgLsf] ljQLo ljj/0f k|If]k0f ljut jif{sf] sf/f]af/sf] cfwf/df lgisfzg sDkgLn] tof/ u/]sf] xf] . pQm ljQLo
k|If]k0fsf] cfwf/x? tyf tl/sf k'g/fjnf]sg u/L 7Ls 5 egL k|dfl0ft ug]{ ;+:yf >L g]kfn P;= P08 P;f]lzo6\;
sDkgL rf6{8 PsfpG6]G6\;, afn'jf6f/, sf7df08f}+n] k|dfl0ft u/]sf] 5 .

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

u=!)= s=lwtf]kq hf/L ug'{sf] p2]Zo M
-c_ o; sDkgLsf] k|aGwkqdf Joj:yf eP cg';f/ hf/L kF"hL ?=! ca{ !& s/f]8sf] !@=%) k|ltzt cyf{t
?=!$,^@,%),))).- -cIf/]kL rf}w s/f]8 a};¶L nfv krf; xhf/ dfq_ /sd a/fa/sf] ?=%).- c+lst b/df
@(,@%,))).- lsQf ;fj{hlgs lgisfzg ul/g]5 . ;f] dWo] @,(@,%)) lsQf z]o/ cyf{t !) k|ltzt z]o/ g]kfn
;/sf/sf] ;DalGwt lgsfosf] >d :jLs[lt lnO{ a}b]lzs /f]huf/Ldf /x]sf g]kfnL gful/ssf] nflu, %*,%)) nfv
lsQf z]o/ cyf{t @ k|ltzt z]o/ sDkgLsf] ;]jfdf /x]sf sd{rf/Lx?sf] nflu / !,$^,@%) lsQf z]o/ cyf{t %
k|ltzt z]o/ ;fd'lxs nufgL sf]ifsf] nflu ;'/lIft u/L afFsL /xg] @$,@&,&%) lsQf z]o/ ;fj{hlgs lgisfzg
u/L sDkgLsf] ;~rfns ;ldltdf ;j{;fwf/0fsf] tkm{af6 ;d]t k|ltlglwTj ug]{ u/fpg] .
-cf_ sDkgLsf] k|aGwkq tyf lgodfjnLdf pNn]v ePsf p2]Zox? cg'?k ug'{ kg]{ sfo{x?sf] nflu cfjZos k"FhL
;+sng ug]{ .
-O_ ;fj{hlgs lgisfzg dfkm{t ;+slnt k"FhLsf] clwstd ;b'kof]u u/L cfkm\gf] nufgL lj:tf/ tyf Joj;fosf] Ifdtf
a9fpgsf] nflu cfjZos kg]{ kF"hLsf] Aoj:yf ug]{ .

u=!)=v= lwtf]kq lgisfzgaf6 k|fKt k"FhLsf] pkof]u M

-s_ 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
;fj{hlgs lgisfzg dfkm{t k|fKt x'g] k"FhL sDkgL P]g tyf cGo k|rlnt sfg"gsf] clwgdf /xL sDkgLsf] Joj;flos
k|of]hgdf pkof]u ul/g] 5 . o;/L ;fj{hlgs lgisfzgaf6 k|fKt /sd sDkgLsf] k|d'v p2]Zo cg'?k ljleGg
pTkfbgd'ns tyf ;]jfd'ns Pjd\ cGo sDkgLx?df nufgL Pj+ ;+:yfkgf ug]{ of]hgf /x]sf] / ;f]lx cg';f/ sDkgLn]
ljleGg hnljB't pTkfbg, k|;f/0f tyf ljt/0f ug]{ kl/of]hgf ;~rfng ug{] sDkgLx? / cGo pTkfbgd'ns tyf
;]jfd'ns sDkgLx?df nufgL ug{]5 . ;fy} ;fwf/0f z]o/ lgisfzg u/L k|fKt x'g] kF"hL sDkgLsf]] lgoldt sf/f]af/ Pj+
cfly{s sf/f]jf/x? lj:tf/ Pj+ j[l4 ug{ pkof]u b]xfo cg';f/ pNn]v ul/Psf] 5 .
qm=;+= ljj/0f /sd -?=_
!= hnljB't pTkfbg, k|;f/0f tyf ljt/0f ug]{ sDkgLx?df nufgL ug]{ . ^,)),)),))).))
sDkgLn] cfly{s k"jf{wf/, oftfoft tyf ;~rf/;Fu ;DalGwt ;+ul7t ;+:yfsf]
@= *,^@,%),)))=))
;+:yfks z]o/df nufgL ug]{ .
hDdf !$,^@,%),))).))
dfly tflnsfdf pNn]v ul/Psf If]q cGtu{t kg]{ sDkgLx? cWoogsf] qmddf /x]sf] tyf cWoog kZrft\ ljQLo
;DefJotfsf] cfwf/df xfn cWoogsf qmddf /x]sf] tyf eljiodf cfpg] cGo sDkgLx?df ;d]t nufgL ug]{ .
22
 -v_ ;fj{hlgs lgisfzg ul/g] lwtf]kq k"0f{ ?kdf laqmL gePdf ;fj{hlgs lgisfzgsf] nflu p2]Zo k|fKtL ug{sf] nflu
ckgfOg] a}slNks Joj:yfM ;j{;fwf/0fx?sf] nflu lgisfzg u/]sf] z]o/ s'g} sf/0fj+z k"0f{ ?kdf laqmL gePdf
lwtf]kq k|Tofe'ltstf{nfO{ lghx?n] k|Tofe"lt u/]sf] cg'kftdf ;dfg'kflts ?kdf afF8kmfF6 ug]{ Joj:yf ul/Psf] 5 .
-u_ cfof]hgfsf] ;~rfng :yfg, cfof]hgf r/0fa4 ?ksf sfof{Gjog ul/g] eP k|To]s r/0fdf nfUg] vr{, s'g} r/0f ;dfKt
e};s]sf] eP ;f] ;DaGwL ljj/0f M ;f] gePsf] .
-3_ ;+ul7t ;+:yfn] s'g} pks/0f v/Lb u/]sf] jf ug{ nfu]sf] eP pQm pks/0fsf] d"No jf k|f:tfljt d"No ;Knfo;{sf] gfd
/ ;Knfo;{;Fu ;Demf}tf ePsf] eP ;f] sf] d'Vo d'Vo a"Fbfx? M ;f] gePsf] .
-ª_ s'g} kf6L{;Fu k|ltlnlk 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/0f M ;f] gePsf] .
-r_ 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 ;f] gePsf] .
-5_ cfof]hgfsf] nflu cfjZos sRrf kbfy{sf] pknJwtf / To;sf] >f]t M ;f] gePsf] .
-h_ cfof]hgfsf] nflu cfjZos x'g] ljB't, kfgL, UofF;sf] dfqf / To;sf] >f]t M ;f] gePsf] .

-em_ ;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 M
o; ljj/0fkq dfkm{t ;fj{hlgs ?kn] ;j{;fwf/0fdf laqmL ul/g] ;fwf/0f z]o/sf] lgisfzg tyf laqmL k|aGws
;DaGwL sfo{ ug{sf nflu lgo'Qm Unf]an cfOPdO{ SofkL6n ln=, gS;fn, sf7df08f}+nfO{ pQm ;]jf k|bfg u/] afkt
?=!,)),))).– -cIf/]kL Ps nfv dfq_ lbOg]5 .

-@_ 6«li6 -l8j]~r/÷a08 lgisfzgsf] xsdf_ M lgisfzg ul/g] l8j]~r/ geO{ ;fwf/0f z]o/ ePsf] .

-#_ qm]l86 /]l6Ë M O{qmf g]kfn ln=nfO{ ;fwf/0f z]o/ lgisfzgsf] nflu O:o'c/ /]l6Ë ;]jf k|bfg u/] afkt d'=c=s=
;d]t ?=@,((,(@)=*@.– -cIf/]kL b'O{ nfv pgfG;o xhf/ gf} ;o aL; ?kf}of aof;L k};f dfq_ e'QmfgL ul/Psf] .

-$_ k|Tofe"ltstf{ M gljn OGe]i6d]G6 a}+lsË ln=, gS;fn, sf7df08f}+nfO{ pQm ;]jf k|bfg u/] jfkt ?=#,^%,^@%.–-cIf/]kL
tLg nfv k}+;¶L xhf/ 5 ;o klRr; dfq_ k|bfg ul/g]5 .

-%_ lj1x? M o; ljj/0fkqdf pNn]v ul/Psf] cfufdL # -tLg_ jif{sf] ljQLo ljj/0f tof/ kfg]{ lj1sf] ?kdf o;
sDkgL cfkm}+ /x]sf] 5 / o; ljj/0fkqdf pNn]v ul/P adf]lhd tof/ ul/Psf] ljQLo ljj/0f tyf k|If]k0fsf]
cg'dfg tyf cfwf/x? k'g/fjnf]sg u/L ;f] cfwf/df ljQLo k|If]k0fsf ljj/0f oyf{yk/s /x]sf] egL k|dfl0ft ug]{
sfo{ rf6{8{ Psfp06]G6 ;+:yf g]kfn P;= P08 P;f]l;P6\;, afn'jf6f/, sf7df08f}+n] k|dfl0ft u/]sf] xf] / ;f] afkt
?=$),))).– -d"No clej[l4 s/ ;lxt_ dfq e'QmfgL ul/Psf] 5 .

-^_ n]vfkl/Ifs M o; sDkgLsf] ldlt @)&*÷)^÷!% df txf}+ jflif{s ;fwf/0f;ef ;DkGg e};s]sf] / pQm jflif{s
;fwf/0f;efn] cf=j=@)&*÷)&( sf] afXo n]vfkl/If0f sfo{sf] nflu lk=jfO{=;L=P08 P;f]l;P6\;, rf6{8{
PsfpG6]G6\;, sf7df08f}+nfO{ bf];|f] k6ssf] nflu lgo'QmL u/]sf] / n]vfkl/If0f z'Ns afkt ?=@,)),))).–-d'No
clej[l4 s/ ;lxt_ lgwf{/0f ug]]{ lg0f{o ;d]t u/]sf] 5 .
;fy}, ldlt @)&(÷)^÷@* df rf}wf}+ jflif{s ;fwf/0f;ef ;DkGg e};s]sf] / pQm jflif{s ;fwf/0f;efn]
cf=j=@)&(÷)*) sf] afXo n]vfkl/If0f sfo{sf] nflu lk=jfO{=;L=P08 P;f]l;P6\;, rf6{8{ PsfpG6]G6\;,
sf7df08f}+nfO{ g} t];|f] k6ssf] nflu klg lgo'QmL u/]sf] / n]vfkl/If0f z'Ns afkt ?=@,)),))).–-d'No clej[l4 s/
;lxt_ lgwf{/0f ug]]{ lg0f{o ;d]t u/]sf] 5 .

-&_ cGo -h:t} ;+sng s]Gb|, lgisfzg a}+s cflb_M g]kfn lwtf]kq af]8+{af6 ldlt @)&$÷!!÷!! ut]b]lv l;–cf:jf
k|0ffnL sfof{Gjog eO;s]sf] ;Gbe{df af]8{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\ .
u=!)=u= ;fj{hlgs lgisfzgaf6 k|fKt /sdnfO{ cfof]hgfdf k|of]u ug{ k"j{ cGo s'g} Joj:yf ug{ nfluPsf] 5 eg] tT;DaGwL
ljj/0fM ;f] gePsf] .

23
u=!)=3= lk|ldoddf lwtf]kq hf/L ug]{ ePdf M ;f] gePsf] .
u=!)=ª= lwtf]kqsf] afF8kmfF6, lkmtf{ e'QmfgL tyf ;"rLs/0f ;DaGwL ljj/0f M
-s_ cToflws dfu jf Go"g dfu ePsf] cj:yfdf afF8kmFf6sf] k|lqmof M
o; ljj/0fkq dfkm{t hf/L ul/Psf] ;fwf/0f z]o/ ;+Vof eGbf a9L ;+Vofdf ;fwf/0f z]o/ v/Lbsf nflu b/vf:t
k|fKt x'g cfPdf g]kfn lwtf]kq af]8{sf] k|rlnt ælwtf]kq lgisfzg tyf afF8kmfF6 lgb]{lzsf, @)&$Æ df ePsf]
Joj:yf cg';f/ ;fwf/0f z]o/x? afF8kmfF6 ul/g]5 / z]o/ afF8kmfF6 ;DaGwL ;"rgf /fli6«o:t/sf] b}lgs klqsfdf
k|sflzt ul/g]5 .
!= z]o/ afF8kmfF6 ubf{ ;a{k|yd ;a} cfj]bsnfO{ @) -aL;_ lsQfsf] b/n] afF8kmfF6 ul/g] 5 .
@= a'Fbf -!_ adf]lhd afF8kmfF6 u/] kZrft\ afFsL /x]sf] lgisflzt z]o/ cfj]bsx?nfO{ k'gM @) -aL;_ lsQfsf]
b/n] afF8kmfF6 ul/g] 5 .
#= a'Fbf -@_ adf]lhd z]o/ afF8kmfF6sf] k|lqmof ;DkGg eP kZrft\ lwtf]kq afFsL ePdf ;f]lx k|lqmof ckgfO{
afF8kmfF6 ul/g] 5 .
$= pk/f]Qmfg';f/ z]o/ afF8kmfF6 ubf{ @) lsQfsf b/n] ;a} cfj]bsx?nfO{ afF8kmfF6 ug{ ck'u x'g] cj:yfdf
Go"gtd aL; lsQf kfpg] u/L uf]nf k|yfaf6 cfj]bs 5gf}6 ul/g] 5 .
%= z]o/ afF8kmfF6 ;km\6j]o/ tyf afF8kmfF6 tflnsfsf ;DaGwdf af]8{sf] ;xdlt lnOg]5 .
^= z]o/ afF8kmfF6sf] hfgsf/L afF8kmfF6 u/]sf] ef]lnkN6;Dddf af]8{, lwtf]kq ahf/ tyf ;j{;fwf/0fnfO{
hfgsf/L u/fOg] 5 .
&= sDkgLsf sd{rf/Lx?nfO{ z]o/ afF8kmfF6 ubf{ sDkgLsf] ;~rfns ;ldltsf] lg0f{o adf]lhd ul/g]5 . ;fy},
Go"g dfu ePsf] cj:yfdf dfu eP adf]lhdsf] z]o/ cfj]bsnfO{ afF8kmfF6 u/L afF8kmfF6 x'g afFsL /x]sf]
z]o/ ;+ul7t ;+:yf / k|Tofe"ltstf{ aLr ePsf] k|Tofe"lt ;DaGwL ;Demf}tf adf]lhd k|Tofe'ltstf{n] v/Lb
ug]{5 .
-v_ cToflws dfu ePsf] jf afF8kmfF6 gePsf] cj:yfdf lkmtf{ e'QmfgL ;DaGwL Joj:yfM z]o/ afktsf] cfj]bg lng] sfo{
lwtf]kq v/Lb -;fj{hlgs lgisfzg_ ;DaGwL lgb]{lzsf, @)&# df ePsf] Joj:yf adf]lhd cf:afdf ;xefuL ;b:o a}+s
tyf ljQLo ;+:yfx?af6 x'g]5 . pQm lgb]{lzsfsf] Joj:yf adf]lhd cfj]bssf] vftfdf g} cfj]bg /sd /f]Ssf /flvg]
ePsf]n] z]o/sf] cToflws dfu eO{ k|To]s cfj]bsn] dfu u/] adf]lhdsf] z]o/ afF8kmfF6 ug{ g;lsg] cj:yfdf lghnfO{
afF8kmfF6 ePsf] z]o/ jfktsf] /sd dfq dfu u/L afFsL /sd ;f]xL vftfdf sfg'g adf]lhd cf:afdf ;xefuL
;b:o a}+s tyf ljQLo ;+:yfx?af6 g} /f]Ssf km's'jf x'g] Joj:yf ldnfO{g]5 .

-u_ lgj]bg ;fy k|fKt /sdsf] lkmtf{ e'QmfgLdf l9nfO{ ePdf lbOg] Aofhb/ M ælwtf]kq lgisfzg tyf afF8kmfF6 lgb]{lzsf,
@)&$Æ n] lgwf{l/t u/]sf] ;doleq z]o/sf] afF8kmfF6kq tyf /sd lkmtf{ e'QmfgL lbg g;lsPdf z]o/sf] laqmL aGb
ePsf] ldltb]lv /sd lkmtf{ e'QmfgL lbg z'? u/]sf] cl3Nnf] lbg;Ddsf] ;/sf/L C0fkqsf] k|rlnt clGtd Aofhb/sf]
cfwf/df x'g cfpg] Aofh ;lxt lx;fa u/L /sd lkmtf{ e'QmfgL ul/g] Joj:yf /x]sf]df o; lgisfzgdf lwtf]kq v/Lb
-;fj{hlgs lgisfzg_ ;DaGwL lgb]{lzsf, @)&# n] u/]sf] Joj:yf adf]lhd cfj]bg dfu ug'{kg]{ x'G5 / cfj]bss} a}+s
vftfdf /sd /f]Ssf x'g] Joj:yf /x]sf] .
-3_ lwtf]kqsf] afF8kmfF6 tyf k|df0fkq hf/L ;DaGwL k|lqmof / ;dofjwL M lgisfzg ul/g] ;fwf/0f z]o/ ælwtf]kq lgisfzg
tyf aFf8kmFf6 lgb]{lzsf, @)&$Æ df ePsf] Joj:yf cg';f/ ;fwf/0f z]o/sf] afF8kmfF6 u/L ;"rLs/0f eP kZrft\
ælwtf]kq s]lGb|o lgIf]k ;]jf lgodfjnL, @)^&Æ sf] lgod @$ sf] pklgod & adf]lhd ;DalGwt z]o/wgLsf]
lxtu|fxL vftfdf cef}lts ?kdf z]o/ hDdf ul/g]5 .
-ª_ 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 :f+:yfn] k"/f ug'{kg]{ zt{x? ;DaGwL ljj/0f M ;f] gePsf] .
-r_ 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 v/Lb/laqmL jf ljlgdo x'g ;Sg] u/fpgsf] nflu ul/g] Joj:yf ;DaGwL ljj/0f M o; ljj/0fkq cg';f/ hf/L
ul/Psf] ;fwf/0f z]o/x? lwtf]kq lgisfzg tyf afF8kmfF6 lgb]{lzsf, @)&$ df ePsf] Joj:yf cg';f/ afF8kmfF6 u/L
bf];|f] ahf/df sf/f]jf/ x'g] Joj:yfsf] nflu g]kfn :6s PS;r]~h ln=df ;"rLs/0f tyf l;l8P; P08 lSnol/Ë
lnld6]8df btf{ u/fO{ sf/f]af/ x'g] Joj:yf ldnfOg]5 .
-5_ ljlgdo x'g ;Sg] u/fpgsf] nflu ul/g] Joj:yf ;DaGwL ljj/0f M lwtf]kq lgisfzg tyf afF8kmfF6 lgb]{lzsf, @)&$ tyf
k|rlnt lwtf]kq afF8kmfF6 ;DaGwL Joj:yf cg';f/ ;j{;fwf/0fx?df lgisfzg u/L af+F8kmfF+6 u/] kZrft g]kfn :6s PS;r]~h
lnld6]8df ;"rLs/0f tyf l;l8P;;L P08 lSnol/Ë ln=df btf{ u/L Ps};fy v/Lb laqmLsf] Joj:yf ldnfOg] 5 .

24
 -h_ lgisfzg ul/g] ;fwf/0f z]o/ ælwtf]kq lgisfzg tyf aFf8kmFf6 lgb]{lzsf, @)&$Æ df ePsf] Joj:yf cg';f/ ;fwf/0f z]o/sf]
afF8kmfF6 u/L ;"rLs/0f eP kZrft\ ælwtf]kq s]lGb|o lgIf]k ;]jf lgodfjnL, @)^&Æ sf] lgod @$ sf] pklgod & adf]lhd
;DalGwt z]o/wgLsf] lxtu|fxL vftfdf cef}lts ?kdf z]o/ hDdf ul/g]5 .

u=!)=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; ljj/0fkq dfkm{t
lgisfzg ug{ nfluPsf] @(,@%,))) lsQf lwtf]kqsf] nflu lwtf]kqsf] !)) k|ltztn] x'g cfpg] @(,@%,))) lsQfsf]
?=!$,^@,%),))) a/fa/sf] ;fwf/0f z]o/sf] nflu ldlt @)*)÷)@÷#! df glan OGe]i6d]G6 a}+lsË ln= ;Fu k|Tofe"lt
;Demf}tf ePsf] 5 .

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

!= k|yd kIfn] ;j{;fwf/0fdf lgisfzg ug{ nfu]sf] ?=%).– c+lst b/sf @(,@%,))) lsQf z]o/n] x'g]
?=!$,^@,%),))).– -rf}w s/f]8 a};¶L nfv krf; xhf/_ /sd a/fa/sf] z]o/ lwtf]kq lgisfzg tyf afF8kmfF6
lgb]{lzsf, @)&$ sf] kl/R5]b $ sf] !& sf] pkbkmf ! adf]lhd k|Tofe"ltstf{n] k|Tofe"lt ug{ d~h'/ ub{5 .
@= sDkgLn] k|Tofe"lt ;]jf k|fKt u/] jfkt k|Tofe"ltstf{nfO{ k|Tofe"lt ;]jf k|fKt ug]{ sldzg /sd lgDg adf]lhd
k|rlnt sfg"g cg';f/ s/ s§f u/L k|Tofe"ltstf{nfO{ e'QmfgL ug]{5 .
qm=;++= e'StfgL zt{ z'Ns /sd -?=_
!= lgisfzg ul/Psf] hDdf z]o/ afktsf] /sdsf] )=@% k|ltzt . #,^%,^@%.–

#= sDkgLn] dfu u/]sf] avt k|Tofe"ltstf{n] k|Tofe"lt ul/Psf] z]o/ jfktsf] /sd e'QmfgL ug]{5, ;fy} sDkgLn]
z]o/ jfktsf] /sd k|fKt u/] kZrft\ pQm z]o/sf] :jfldTj oyfzL3| k|Tofe"ltstf{nfO{ x:tfGt/0f ug]{5 .
$= ;j{;fwf/0fdf z]o/ laqmL ubf{ ;Dk"0f{ z]o/sf nflu cfj]bg k|fKt ePdf k|Tofe"ltstf{sf] bfloTj :jtM k'/f x'g]5 .
%= b'a} kIfsf] ;xdltdf ePsf] o; ;Demf}tfdf k|Tofe"ltstf{sf] bfloTj cfkm'n] saf]n u/]sf] /sdsf] xb;Dddfq
;Lldt x'g]5 . sy+sbflrt s'g} Ps kIfn] k'/f ug'{kg]{ cfly{s bfloTj k'/f gu/]df csf]{ kIfn] ;f] bfloTj k"/f
u/fpg k|rlnt P]g lgod cg';f/ sf/jfxL ug{ ;Sg]5 .
^= o; ;D´f}tfsf] ;dofjlw ;Demf}tfdf x:tfIf/ ePsf] lbgb]lv # dlxgf ;Dddfq x'g]5 . sy+sbflrt pQm
cjlwleq z]o/ lgisfzgsf] sfo{ ug{ g;lsPdf ;DalGwt kIfx?sf] ;xsfo{df gofF ;D´f}tf ug{' kg]{5
&= k|Tofe"lt u/]sf] z]o/ ;sf/ ug'{ k/]df pQm z]o/x? ;sf/ u/]kl5 ;j{;fwf/0f z]o/wgL ;/x k|Tofe"ltstf{nfO{
z]o/ k|ltsf] xs clwsf/ k|fKt x'g]5 .
*= z]o/ k|Tofe"lt u/fpg] jf z]o/ lgisfzg tyf laqmL ug]{ k|of]hgsf] lgldQ olb sDkgLn] hfgfhfgL em'7f ljj/0f
lbPsf] /x]5 eg] / ;f] sf/0faf6 ;j{;fwf/0fdf z]o/ laqmL ljt/0f x'g g;sL c;fdfGo kl/l:ylt >[hgf ePdf
;d]t To;sf] hjfkmb]lx sDkgL x'g]5 .
(= lgodgsf/L lgsfon] sDkgL lgoGq0fdf lnPdf, tTsfn ;'wf/fTds sf/jfxL z'? u/]df, tTsfn c;"nL sf/jfxL /
6f6 kN6]df, ;~rfng Ohfht vf/]h ePdf, s'g} klg ck/flws÷hfn;fFhLhGo÷ljQLo clgoldttfdf ;xefuL
ePdf, s'g} ;/sf/L÷lgodgsf/L lgsfo÷g]kfn lwtf]kq af]8{n] sDkgLsf] sfdsf/jfxL÷p2]ZonfO{ /f]s]df jf
lgnDag u/]df ;Demf}tfkq dfGo x'g] cjlw jf v/Lb k|Tofe"lt ;Demf}tf sfof{Gjog x'g' cufj} s'g} klg ljGb'df
;Demf}tfkq vf/]h ePsf] dflgg]5 .

u=!)=5= cfj]bg lb+bf 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|lqmof tyf lwtf]kqsf] vf/]hL cflb ;DaGwL ljj/0f M o; ljj/0fkq cg';f/ lgisfzg ul/Psf
z]o/sf] afF8kmfF6df k/]sf z]o/wgLx?sf] clwsf/ tyf k|ltaGwfTds Joj:yfx? h:t} dtflwsf/, nfef+z, xsk|b z]o/,
lwtf]kqjfnfsf] clwsf/df kl/jt{g ug]{ k|lqmof tyf lwtf]kqsf] vf/]hL cflb ;DaGwL Joj:yf k|rlnt sfg'g cg';f/
x'g]5 .
-v_ sDkgLsf] k|aGwkq, lgodfjnL tyf ljj/0f kq k|fKt ug{ jf x]g{ ;Sg] 7fpF M
sfof{no ;doleq lgDglnlvt :yfgx? tyf tf]lsPsf] :yfgx?af6 sDkgLsf] k|aGwkq, lgodfjnL / ljj/0fkq x]g{
;lsg]5 .
!= o; sDkgLsf] /lhi68{ sfof{no afUdtL c~rn, sf7df08f} lhNnf, sf7df08f} dxfgu/kflnsf j8f g+= @^ n}grf}/,
sf7df08f}+ .
@= z]o/ lgisfzg tyf laqmL k|aGws Unf]an cfOPdO{ SofkL6n ln=, sf7df08f}+ dxfgu/kflnsf j8f g+= !, gS;fn,
sf7df08f}+ .

25
-u_ cfj]bg lb+bf 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 Joj;foLsf] gfd v'nfpg' kg]{ / a}+s vftf dfkm{t sf/f]af/ ul/g'kg]{ h:tf kIfx? M

g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 >d :jLs[lt k|fKt u/L ljb]zdf /f]huf/Ldf /xL/x]sf g]kfnL gful/sx?sf] xsdf M

!= g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 >d :jLs[lt k|fKt u/L ljb]zdf a;L /f]huf/L ul//x]sf g]kfnL
gful/sn] o; ljj/0fkq cg';f/ hf/L ul/g] ;fwf/0f z]o/ v/Lbsf nflu b/vf:t lbg ;Sg]5g\ .
@= o; lgisfzgsf] nflu !% -kGw|_ lbgsf] cjlw tf]sL cfXjfg kq k|sflzt ul/g]5 .
#= cfj]bg lb+bf af]8{af6 lwtf]kq v/Lb b/vf:t ;+sng ;DaGwL sfo{ ug{ cg'dlt k|fKt cf:jf ;b:o a}+s jf
ljQLo ;+:yfdf /x]sf] ljk|]if0f -/]ld6ØfG;_ art vftf dfkm{t dfq e'QmfgL ug'{ kg]{5 .
$= g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 >d :jLs[lt k|fKt u/L ljb]zdf a;L /f]huf/L ul//x]sf g]kfnL
gful/ssf] ljk|]if0f -/]ld6ØfG;_ art vftfdf kl5Nnf] 5 dlxgfdf sDtLdf krf; xhf/ g]kfnL ?k}ofF cfkm"
/f]huf/ /x]sf] d'n'saf6 cfkm}n] hDdf u/]sf] x'g'kg]{5 .
%= g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 >d :jLs[lt k|fKt u/L ljb]zdf a;L /f]huf/L ul//x]sf g]kfnL
gful/sn] lxtu|fxL vftf vf]Nbf ljB'tLo dfWodaf6 ;d]t vf]Ng ;Sg]5g\ . o;sf] nflu ;DalGwt lgIf]k
;b:on] u|fxs klxrfg ljj/0f ?h' u/L lxtu|fxL vftf vf]Ng ;Sg]5g\ .
^= g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 >d :jLs[lt k|fKt u/L ljb]zdf a;L /f]huf/L ul//x]sf g]kfnL
gful/sx?sf nflu af]8{af6 lwtf]kq v/Lb b/vf:t ;+sng ;DaGwL sfo{ ug{ cg'dlt k|fKt cf:jf ;b:o
a}+s tyf ljQLo ;+:yfn] ljB'tLo dfWodaf6 l;cf/Pg gDa/ lnO{ cfj]bg lbg] Joj:yf ug{ ;Sg]5 .
&= g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 >d :jLs[lt k|fKt u/L ljb]zdf a;L /f]huf/L ul//x]sf g]kfnL
gful/sn] ;j{;fwf/0fnfO{ 5'6\ofPsf] z]o/df cfj]bg ug{ ;Sg] 5}g .
;j{;fwf/0fsf] xsdf M

!= o; ljj/0fkqaf6 lgisfzg x'g] lwtf]kq v/Lbsf nflu b/vf:t lbg rfxg]n] g]kfn lwtf]kq af]8{af6 cg'dlt lnO{
lwtf]kqsf] ;fj{hlgs lgisfzgsf] s]lGb|s[t ljB'lto ;]jf ;DaGwL sfo{ ;~rfng lgb]{lzsf, @)&$ adf]lhd
;fj{hlgs lgisfzg k|0ffnL dfkm{t cfj]bg ;+sng ug{ cfj4 ASBA ;]jfdf ;xefuL a+}s tyf ljQLo ;+:yf tyf
ltgsf zfvf sfof{nox?af6 cfj]bg lbg ;Sg]5g\ .
@= o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f z]o/dWo] ;j{;fwf/0fsf nflu b/vf:t lbFbf b/vf:tjfnfn] sDtLdf
@) -aL;_ lsQf ;fwf/0f z]o/sf] nflu b/vf:t lbg' kg]{5 . olb s'g} b/vf:tjfnfn] @) lsQf eGbf a9L z]o/sf]
nflu b/vf:t lbg rfx]df @) c+ssf] u'0ffÍdf clwstd !,)),))) -Ps nfv_ lsQf ;fwf/0f z]o/ v/Lb ug{sf
nflu b/vf:t lbg' kg]{5 .
#= cf:jf (ASBA) ;]jfdf ;xefuL a}s tyf ljQLo ;+:yfn] ASBA cGt{ut lng] cfj]bgsf] 9fFrf lwtf]kqsf] ;fj{hlgs
lgisfzgsf] s]Gb|Ls[t ljB'tLo ;]jf ;DaGwL sfo{ ;~rfng lgb]{lzsf, @)&$ sf] cg';'rL % adf]lhd x'g'kg]{5 .
$= ;j{;fwf/0fsf] xsdf l;l8P; P08 lSnol/Ë lnld6]8af6 pknAw u/fOPsf] æd]/f] z]o/Æ ;km\6jo/af6 klg cfj]bsn]
cfj]bg ug{ ;Sg]5g\ .
%= l/tk"j{s k|fKt gePsf] b/vf:t tyf cfj]bg kmf/fddf pNn]v ePsf] lxtu|fxL vftf g+= / cfj]bssf] gfd l;l8P;
P08 lSnol/Ë ln=sf] clen]vdf km/s k/]sf] kfO{Pdf ;f] kmf/fdnfO{ z]o/ afF8kmfF6df ;dfj]z gul/g] x'Fbf cfj]bg
kmf/fddf e/]sf] lxtu|fxL vftf g+= cfj]bs :jo+n] olsg ug'{kg]{5 .
^= lwtf]kq v/Lbsf nflu b/vf:t lb+bfsf] cj:yfdf jf b/vf:t lbO{;s]kl5 v/Lb ug{ rfx]sf] lwtf]kq afktsf] /sd
e'QmfgL gx'Fb} k|rlnt sfg'g adf]lhd clwsf/ k|fKt clwsf/L jf lgsfoaf6 nufgLstf{sf] vftf /f]Ssf /fVg] cfb]z
k|fKt ePdf lgisfzg tyf laqmL k|aGwsn] To:tf] b/vf:t kmf/fdnfO{ /2 ul/g] x' Fbf ;f] s'/fsf] hfgsf/L cfj]bs
:jo+n] hfgsf/Ldf lng' kg]{5 .
&= lwtf]kq afF8kmfF6 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 .
*= z]o/sf] afF8kmfF6 u/L ;"rLs/0f eP kZrft\ afF8kmfF6df k/]sf cfj]bsx?nfO{ afF8kmfF6df k/]sf z]o/ lghx?sf]
lxtu|fxL vftfdf hDdf ug]{ Joj:yf ul/g] ePsf]n] ;Dk"0f{ cfj]bsx?n] clgjfo{ ?kdf cfkm\gf] lxtu|fxL vftf g+=
cfj]bg kmf/fddf pNn]v ug'{ kg]{5 .
(= ?=%),))).- ;Ddsf] nflu cfj]bg lbg] cfj]bsn] :j]lR5s ?kdf / ;f] eGbf a9L /sdsf] nflu cfj]bg lbg] cfj]bsn]
clgjfo{ ?kdf cfj]bgdf cfˆgf] :yfoL n]vf gDa/ -PAN_ v'nfpg'kg]{5 .

26
 u=!!= ;DalGwt kIf aLrsf] sf/f]af/ ;DaGwL ljj/0f M
lgisfzgstf{ ;+ul7t ;+:yf / lgDg lnlvt kIfaLr ljut @ jif{sf] cjlwdf s'g} k|sf/sf] j:t'ut sf/f]jf/ ePsf] jf s'g}
sf/f]af/ ug{ k|:tfj ul/Psf] eP sf/f]af/df ;+nUg AolQmx?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] AolQm M sf/f]af/ gePsf] .
-v_ cfwf/e"t z]o/wgL M sf/f]af/ gePsf] .
-u_ v08 -s_ / -v_ df pNn]lvt s'g} AolQmsf] Psf3/ kl/jf/sf] ;b:o M sf/f]af/ 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 ;f] 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]af/
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]af/ jf ;Demf}tf u/]sf] eP ;f] s'/f M s'g} sf/f]af/ 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/0f
kqdf v'nfpg' kg]{ M C0f sf/f]af/ u/]sf] 5}g .
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=!#= ;"rLs[t ;+ul7t ;+:yfn] ;fj{hlgs lgisfag ug]{ ePdf b]xfosf] ljj/0f pNn]v ug'{ kg]{ M
-s_ ;+ul7t ;+:yfsf] ljut # cfly{s jif{sf] k|To]s q}dfl;s cjlwsf] pRrtd, Go"gtd, clGtd ahf/ d"Nosf ;fy} sf/f]jf/
ePsf] z]o/ ;+VofM lgisfzgstf{ sDkgL ;"rLs[t ;+ul7t ;+:yf gePsf] .
-v_ af]8{df ljj/0fkq btf{sf] nflu k|:t't ug'{ eGbf ^ dlxgf cufl8sf] cjlwsf] dfl;s ?kdf pRr, Go"g / clGtd d"Nosf
;fy} k|To]s dlxgfdf sf/f]jf/ ePsf] s'n lbg / s'n sf/f]af/ ePsf] lwtf]kqsf] ;+Vof M lgisfzgstf{ sDkgL ;"rLs[t
;+ul7t ;+:yf gePsf] .
u=!$= kl5Nnf] ;fj{hlgs lgisfzgsf] cg'dfg tyf pknAwL ;DaGwL ljj/0f M
;+ul7t ;+:yfn] o; eGbf cufl8 lwtf]kq lgisfzg ubf{ tof/ u/]sf] ljj/0fkq jf cGo ljj/0fx?df pNn]lvt ul/Psf nIo
tyf sfo{qmdx? tyf v'b d'gfkmf xfl;n ug{ ;s]÷g;s]sf], g;s]sf] cj:yfdf nIo tyf sfo{qmdsf ;fy} ljj/0fkq jf cGo
ljj/0fx?df k|If]lkt v'b d'gfkmf eGbf aL; k|ltzt jf ;f] eGbf a9Ln] Go"g x'g uPsf] eP o;/L km/s kgf{sf] sf/0f M ;f]
gePsf] .
u=!%= k/fdz{bftf÷ljz]if1 ;DaGwL ljj/0f M
-s_ n]vfkl/Ifs, 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]ufgfM
-c_ sDkgLsf] cf=j= @)&*÷)&( sf] cfDbfgL vr{ lx;fa tyf jf;nftsf] n]vfk/LIf0f lk jfO l; P08 Pzf]l;P6\;
rf6{8{ Psfp06]G6\;, >L o'4/fh cf]nLHo"n] ug'{ePsf] 5 .
-cf_ sDkgLsf] cf=j= @)&&÷)&* sf] cfDbfgL vr{ lx;fa tyf jf;nftsf] n]vfk/LIf0f lk jfO l; P08 Pzf]l;P6\;
rf6{8{ Psfp06]G6\;, >L lzvf jfUn]Ho"n] ug'{ePsf] 5 .
-O_ o; sDkgLsf] cf=j= @)&^÷)&& sf] ljQLo ljj/0fnfO{ e§ P08 sDkgL rf6{8 Psfp06]06\;, Pkm=l;=P=, >L o1
/fh e§Ho"n] k|dfl0ft ug'{ePsf] 5 .
-O{_ o; lgisfzgsf] nflu k|d'v a}+ssf] Joj:yf ul/Psf] 5}g .
-p_ o; lgisfzgsf] nflu b]xfosf a}+snfO{ lgisfzg a}+s (Banker to the Issue) sf] ?kdf lgo'Qm ul/Psf] 5 .

l;=
g+= lgisfzg a}+ssf] gfd, 7]ufgf a}+s vftfsf] gfd vftf gDa/
!= >L Unf]an cfOPdO{ a}+s lnld6]8, GICL-BTI Hathway Investment IPO ))!)!)!))&(@!#
sdnfbL, sf7df08f}+ .

;fy} cfjZostf cg';f/ lgisfzg aGb x'g' cufj} af]8{nfO{ hfgsf/L lbO{ cGo jfl0fHo a}+sx?nfO{ ;d]t o;
lwtf]kq lgisfzgsf] nflu lgisfzg a}+ssf] ?kdf lgo'Qm ug{ ;lsg]5 .
pm_ o; ljj/0fkqdf pNn]lvt ljQLo ljj/0f tyf k|If]k0fsf] cg'dfg tyf cfwf/x? Joj;fo ;~rfngsf]] l:ylt, bIftf
/ lgisfzgstf{ sDkgLn] k|fKt u/]sf] xfn;Ddsf] sfo{ k|ultsf] cfwf/df k'g/fjnf]sg u/L ljj/0f 7Ls 5 egL
k|dfl0ft ug]{ rf6{8{ Psfp06]06 ;+:yf >L g]kfn P; P08 P;f]l;P6\;, afn'jf6f/, sf7df08f}+ xf] .

27
 -v_ dfly v08 -s_ df pNn]lvt ;+:yf jf JolQm;Fu ePsf] ;xdltsf d'Vo d'Vo a'Fbf tyf zt{x? M
-!_ ;+sng s]Gb|x?sf] lgwf{/0f ug]{ .
-@_ a}+s/ 6' lb O:o'sf] lgwf{/0f ug]{ .
-#_ cfjZostf cg';f/ ;"rgf k|sfzgdf ;xof]u ug]{ .
-$_ cfjZostf cg';f/ a}+s tyf ;+sng s]Gb|x?df kqfrf/ ug]{ .
-%_ z]o/ lgisfzgsf qmddf ;+sng s]Gb|x?df kmd{ k7fpg], b}lgs ;+sngsf] ljj/0f lng], k7fpg] tyf ;+sng ug]{
/ ;f] sf] tYof+s g]kfn lwtf]kq af]8{df hfgsf/L u/fpg] .
-^_ lgisfzgsf] qmddf k|fKt /sd a}+s/ 6' lb O:o'df /fVg], lemSg ;xof]u ug]{ / k|fKt /sdsf] lx;fa ldnfg ug]{ .
-&_ z]o/ lgisfzg kZrft C-ASBA k|0ffnL cGtu{t hDdf ePsf] b/vf:t kmf/d tyf ;+sng s]Gb|x?af6 kmd{x?
;+sng ug]{, k|f];]l;Ë ug]{, afF8kmfF6 df]8]n agfpg ;3fpg] ;fy} afF8kmfF6df ;xof]u ug]{ .
-*_ afF8kmfF6 kZrft\ ;DalGwt AolQmx?sf] Demat vftfdf cef}lts z]o/ hDdf u/L z]o/ ;"rLs/0f tyf l;l8P;
P08 lSnol/Ë lnld6]8df btf{sf nflu sDkgLnfO{ cfjZos ;xof]u ug]{ .
-(_ z]o/ lgisfzgsf qmddf cfOkg]{ cGo ;Dk"0f{ sfo{x? ug{ u/fpg]df ;xof]u ug]{ .
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 lgDg a}+sx?af6 C0f k|fKt u/L sDkgLn] cfkm\gf] sf/f]af/ ;~rfng ul//x]sf] 5 .
z'?sf] xfn;Dd afFsL
shf{ e'QmfgL shf{
/sd -?= shf{sf] ul/Psf] shf{ /sd -?=
qm= bz e'QmfgLsf] z'? tyf xfnsf] /sd -?= bz
;+= a}+ssf] gfd nfvdf_ shf{sf] k|sf/ cjlw Aofh b/ bznfvdf_ nfvdf_
! k|e' a}+s ln= !%^=% l8df08 / k|To]s aif{ z'?sf] Jofhb/ !!^=% $)
cf]e/8«fˆ6 gljs/0f !!=@%% /
ug'{kg]{ . xfnsf] Jofhb/
!@=$$% k|ltzt
/x]sf]
@ g]kfn a}+s ln= !%) cl3lasz{ shf{ k|To]s aif{ z'?sf] Jofhb/ !!) $)
-cf]e/8«fˆ6_ gljs/0f ug'{ (=*&% /
kg]{ . xfnsf] Jofhb/
!#=%$% /x]sf]
# zfO{g /];'Ëf #%) l8df08 shf{ l8df08 shf{ z'?sf] Jofhb/ @=& #$&=#
8]enkd]06 a}+s -@) s/f]8_ / k|To]s aif{ !%% / xfnsf]
ln= cfjlws shf{ gljs/0f ug'{ Jofhb/
-!% s/f]8_ kg]{ / cfjlws !$=)%% /x]sf]
shf{sf] cjlw
@) jif{ /x]sf].
u=!&= d'2f tyf ljjfb ;DaGwL ljj/0f M
-s_ ;+ul7t ;+:yfsf] t/ntf, df}Hbft, sfo{ ;~rfngdf tflTjs c;/ kg]{ vfnsf] s'g} d'2fdfldnf jf ljjfb eP ;f] ;DaGwL
ljj/0f tyf pk/f]Qm d'2f jf ljjfbsf] sf/0faf6 kg{ ;Sg] k|efj ;DaGwdf Joj:yfkgsf] wf/0ff M ;f] gePsf] .
-v_ ;+ul7t ;+:yfnfO{ c;/ kg]{ u/L ;+:yfsf] ;+:yfks÷;~rfnsn] jf nfO{ bfo/ ul/Psf] d'2f ;DaGwL ljj/0f M ;f] gePsf] .
-u_ ljut kfFr jif{df ;+ul7t ;+:yfsf] s'g} ;+:yfks÷;~rfns sfnf] ;"rLdf k/]sf] jf s'g} g}lts jf cfly{s sf/0faf6 s'g}
lgodg lgsfo jf cbfntn] ;Fhfo u/fPsf] eP, To:tf] ;+:yfks÷;~rfnssf] gfd / ;Fhfo ug]{ lgodg lgsfo jf
cbfntsf] gfd pNn]v ug'{kg]{ M ;f] gePsf] .
-3_ ;+ul7t ;+:yf a}+s jf ljQLo ;+:yfdf C0f glt/L l8kmN6 ePsf], lgod cg';f/sf] z'Ns glt/]sf], lwtf]kqjfnfx?sf] s'g}
/sd e'QmfgL gul/Psf] eP tT;DaGwL ljj/0fx? M ;f] gePsf] .
u=!*= u'gf;f] ;'Gg] / ;dfwfg ug]{ k|lqmof M
lgisflzt lwtf]kq ;DaGwL nufgLstf{x?sf] u'gf;f] tyf ;'emfj ;'Gg tyf ;f] sf] ;dfwfgsf nflu lgisfzgstf{ sDkgL
tyf lwtf]kq lgisfzg tyf laqmL k|aGwssf] sfof{nodf Ps ljz]if sIfsf] Joj:yf ul/Psf] 5 . nufgLstf{x?n] b]xfosf]
dfWod dfkm{t cfˆgf] u'gf;f] tyf ;'emfjx? k|]lift ug{ ;Sg]5g\ .
—lgisfzgstf{ sDkgLsf] tkm{af6 >L ;'wf cof{n, sDkgL ;lrj– kmf]g g+=$%@$$^% tyf Od]nMnepal.hathway@gmail.com
—lgisfzg tyf laqmL k|jGwssf] tkm{af6 >L glngf >]i7 – kmf]g g+= %(&)!#* tyf Od]nM info@gicl.com.np

u=!(= gub glnO{ s;}nfO{ lwtf]kq lgisfzg ul/Psf] 5 eg] To:tf] JolQm jf ;d"xsf] gfd, v/Lb ul/Psf] ;DklQ jf ;]jf ;DaGwL
ljj/0f, lgisfzg ul/Psf] lwtf]kqsf] ;+Vof / b/ ;DaGwL ljj/0f M ;f] gePsf] .

28
u=@)= C0fkq lgisfzg ;DaGwL ljj/0f M xfn;Dd sDkgLn] C0fkq hf/L u/]sf] 5}g .

u=@!= cu|flwsf/ z]o/ lgisfzg ;DaGwL ljj/0f 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'dfgx? tyf cfwf/x? ut cf=j=x?sf] n]vfkl/If0f eO{;s]sf
ljQLo ljj/0fx?, a}+s;Fu ul/Psf ;Demf}tfx?, sDkgLsf] xfnsf] ahf/sf] cj:yf / efjL ahf/ ;'b[l9s/0fsf of]hgfx?,
sDkgLsf] ;~rfns tyf Joj:yfkgsf] bIftf / sDkgLn] k|fKt u/]sf] xfn;Ddsf] sfo{ k|ultsf] cfwf/df k'g/fjnf]sg
u/L ljj/0f 7Ls 5 egL k|dfl0ft ug]{ rf6{8{ Psfp06]G6 ;+:yf g]kfn P;= P08 P;f]l;P6\;, afn'jf6f/, sf7df08f}+n]
k|dfl0ft u/]sf]] 5 .

-v_ ut tLg cfly{s jif{ leqdf s'g} ;+rfns, n]vfk/LIfs kl/jt{g ePsf] eP, ;f] sf] sf/0f M
xfn;Dd ;~rfns ;ldltdf ePsf] kl/jt{g b]xfo adf]lhd /x]sf] 5 M

qm= ;~rfnsdf axfn /x]sf] cjlw

;+= ;~rfnsx?sf] gfd kb k|ltlglwTj ul/Psf] ;+:yf b]lv ;Dd s}lkmot
!= x]d/fh 9sfn cWoIf — @)&$÷)%÷@# @)&*÷)^÷!% sfo{sfn ;dfKt

@= clDasf k|;fb kf}8]n ;~rfns — @)&$÷)%÷@# @)&*÷)^÷!% sfo{sfn ;dfKt

# gj/fh g]kfn ;~rfns — @)&$÷)%÷@# @)&^÷)(÷@* /fhLgfdf

$ pQd s'df/ g]kfn ;~rfns P;=cf/=xfO{8«f] P08 O{Ge]i6d]G6 k|f=ln= @)&^÷)(÷@* @)&*÷)^÷!% sfo{sfn ;dfKt

% g'dgfy kf}8]n ;~rfns — @)&$÷)%÷@# @)&%÷)^÷!( /fhLgfdf

^ clDasf zdf{ nfld5fg] ;~rfns — @)&&÷)(÷@@ @)&*÷)&÷!@ /fhLgfdf

sdn k|;fb cof{n :jtGq /fhLgfdf

& — @)&!÷)$÷)@ @)&*÷!@÷!#
;~rfns

n]vfk/LIfsdf ePsf] kl/jt{g M nuftf/ # jif{eGbf a9L Ps} JolQmn] n]vfkl/If0f ug{ gkfpg] lgodfg';f/ n]vfk/LIfsdf
kl/jt{g x'g] u/]sf] 5 .
o; sDkgLsf] kl5Nnf] tLg jif{sf] n]vf kl/Ifsx?sf] ljj/0f b]xfo adf]lhd /x]sf] 5 .

qm=
n]vfk/LIfssf] gfd, 7]ufgf n]vfk/LIf0f u/]sf] cf=j=
;+=
! lk=jfO{=l;= P08 P;f]l;P6\;, rf6{8 Psfp06]G6\;, sf7df08f}+ . cfly{s jif{ @)&*÷)&(
@ lk=jfO{=l;= P08 P;f]l;P6\;, rf6{8 Psfp06]G6\;, sf7df08f}+ . cfly{s jif{ @)&&÷)&*
# e§ P08 sDkgL, rf6{8 Psfp06]G6\;, sf7df08f}+ . cfly{s jif{ @)&^÷)&&

-u_ sDkgL ;lrjsf] gfd, 7]ufgf / of]Uotf M k'tnLahf/ g=kf= j8f g+=!#, :ofËhf -xfn 6f]vf ^, sf7df08f}+_ lgjf;L
Joj:yfkg ;+sfodf :gftsf]Q/, lqe'jg ljZjljBfnoaf6 z}lIfs of]Uotf xfl;n ug'{sf ;fy} ljut bz -!)_ jif{b]lv
O{Ge]i6d]06 sDkgLdf sfof{g'ej xfl;n ug'{ ePsf >L ;'wf cof{n o; sDkgLsf] sDkgL ;lrjsf] ?kdf sfo{/t /xg'
ePsf] 5 .

-3_ ;fj{hlgs lgisfzg ug{sf nflu ;~rfns ;ldltaf6 ePsf] lg0f{o ;DaGwL ljj/0f M
sDkgLn] cfˆgf] hf/L k"FhL ?=!,!&,)),)),))).- -cIf/]kL Ps ca{ ;q s/f]8 dfq_ sf] !@=%) k|ltztsf b/n] x'g cfpg]
?=!$,^@,%),))).- -cIf/]kL rf}w s/f]8 a};¶L nfv krf; xhf/ dfq_ a/fa/sf] k|lt z]o/ c+lst d"No ?=%).- b/sf]
@(,@%,))) -pgfGtL; nfv krL; xhf/_ lsQf ;fwf/0f z]o/df ljefhg u/]sf] 5 . z]o/ lgisfzg ug]{ ;DaGwdf
sDkgLsf] ldlt @)&*÷)^÷!% df ;DkGg ePsf] !# cf}+ aflif{s ;fwf/0f ;efn] kfl/t u/] cg';f/ ;fwf/0f z]o/
lgisfzg ug]{ lg0f{o u/]sf] xf] .

-ª_ ;+ul7t ;+:yf jf o;sf z]o/wgLnfO{ s'g} ljz]if s/ ;'ljwf lbOPsf] eP, ;f] ;DaGwL ljj/0f M ;f] gePsf] .
29
-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 lnlvt :yfgx?df sDkgLsf] 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 .
—sDkgLsf] /lhi68{ sfof{no, jfUdtL c~rn, sf7df08f}+ lhNnf, sf=d=g=kf= j8f g+= @^, n}grf}/, sf7df08f}+ .
—lwtf]kq lgisfzg tyf laqmL k|aGws Unf]an cfOPdO{ SofkL6n lnld6]8, sf=d=g=kf= j8f g+=!, gS;fn, sf7df08f} .

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

xfn;Dd sDkgLn] lgDgfg';f/sf cfly{s jif{x?df b]xfo adf]lhd af]gz z]o/ tyf gub nfef+z ljt/0f ul/;s]sf] 5 .

l;=g+= cfly{s jif{x? af]gz z]o/ k|ltzt gub nfef+z k|ltzt

!= cf=j= @)^%÷)^^ — %=))
@= cf=j= @)&)÷)&! $%=*# ^=!^
#= cf=j= @)&!÷)&@ !$=@) —
$= cf=j= @)&@÷)&# @%=)) !%=))
%= cf=j= @)&&÷)&* @%=)) #)=))
^ cf=j= @)&*÷)&( — !)=))
s"n !!)=)# ^^=!^

-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 sDkgLsf] hf/L k"FhLsf]
!@=%) k|ltztn] x'g] @(,@%,))) lsQf ;j{;fwf/0f z]o/ -a}b]lzs /f]huf/Ldf /xL /x]sf g]kfnL gful/sx?, sd{rf/Lx?
nufot ;fd"lxs nufgL sf]ifx?sf nflu ;+/If0f ul/Psf] ;d]t_ dWo] !) k|ltztn] x'g cfpg] @,(@,%)) lsQf z]o/
g]kfn ;/sf/sf] ;DalGwt lgsfosf] >d :jLs[lt lnO{ a}b]lzs /f]huf/Ldf /lx /x]sf g]kfnL gful/sx?sf] nflu, %
k|ltztn] x'g cfpg] !,$^,@%) lsQf z]o/ ;fd"lxs nufgL sf]ifx?sf nflu ;+/If0f ul/Psf] tyf @ k|ltztn] x'g cfpg]
%*,%)) lsQf lgodfg';f/ sDkgLsf sd{rf/LnfO{ afF8kmfF6 ul/g] 5 .

-em_ sDkgLn] 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]if0fM sDkgLn]] sDkgL P]g, @)^# 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] k"0f{?kdf kfngf u/]sf] 5 / ;f]xL lgb]{zgx?sf] bfo/f leq
/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 . sDkgLsf s'g} klg ;~rfns tyf cfwf/e't z]o/wgLx? sfnf];'rLdf g/x]sf] ;fy} of]Uo /x]sf] sDkgLsf]
pb\3f]if0f /x]sf] 5 . ;fy}, o; sDkgLn] sDkgL P]g, @)^# adf]lhd k]z ug'{ kg]{ cf=j= @)&*÷)&( ;Ddsf ljj/0fx? k]z
u/]sf] x'gfn] ;f] cfly{s jif{;Dd o; sDkgL cBfjlws /x]sf] Joxf]/fsf] hfgsf/L sDkgL /lhi6«f/sf] sfof{nosf]
r=g+=@(#!@÷)&(÷*) ldlt @)&(÷)*÷@! ut]sf] kqaf6 k|fKt ePsf] 5 .

-`_ lwtf]kq laqmL ljt/0f ;DaGwL Joj:yf M o; ljj/0fkq dfkm{t lgisflzt ;fwf/0f z]o/sf] cfj]bg kmf/fd 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 zfvf sfof{nox?sf cnfjf
l;l8P; P08 lSnol/Ë lnld6]8af6 pknAw u/fOPsf] æd]/f] z]o/Æ ;ˆ6j]o/af6 ;d]t cfj]bsx?n] cfj]bg ug{ ;Sg]5g\ .

-6_ qm]l86 /]l6Ë ;DaGwL Joj:yf M

o; ljj/0fkq cg';f/ lgisfzg ul/g] ;fwf/0f z]o/sf] nflu lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# -t];|f]
;+zf]wg ;lxt_ df ePsf] Joj:yf adf]lhd sDkgLsf] O:o"c/ /]l6Ë u/fpg' kg]{ ePsf]n] qm]l86 /]l6Ë lgodfjnL, @)^*
sf] lgod # 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 O:o"c/ /]l6Ë u/fO{ "[ICRANP-IR] BBB-" (pronounced as ICRA NP issuer rating Triple B Minus) k|df0fkq
k|fKt u/]sf] 5 . "[ICRANP-IR] BBB-" n] dWod:t/sf] qm]l86 hf]lvd /x]sf] / ;f] cg';f/sf] hf]lvd axg ug]{
-Moderate degree of safety regarding timely servicing of financial obligations. Such issuers carry moderate credit
risk_ eGg] a'lemG5 . O:o"c/ /]l6Ë u|]8 k|bfg u/]sf] ldlt @)&(÷!@÷@$ -tbg';f/ ck|Ln &, @)@#_ tyf axfn /xg]
cjlw @)*)÷!@÷@# -tbg';f/ ck|Ln )^, @)@$_ ;Dd /x]sf] 5 .

-7_ ljj/0f kq tof/ ug]{ JolQmsf] gfd, y/, z}lIfs of]Uotf / cg'ejsf] ljj/0f M o; ljj/0fkq tof/ kfg]{ Joj;flos
;+:yfdf lwtf]kq lgisfzg tyf laqmL k|aGws Unf]an cfOPdO{ SofkL6n lnld6]8, sf=d=g=kf=j8f g+= !, gS;fn,
sf7df08f}+ /x]sf] 5 .

30
 -8_ ;sf/fTds kIfx? M
 k|ltli7t pBdL, Joj;foL, a}+s/, rf68{ PsfpG606x?åf/f k|al4{t sDkgL .
 cg'ejL sd{rf/Lx?af6 ;~rflnt sDkgL .
 cg';Gwfg tyf ljZn]if0f u/L nufgLsf] If]qx? klxrfg u/] kZrft\ dfq nufgL ;'lglZrt ug]{ .
 ;~rfngdf cfPsf] !@ jif{sf] cjlwdf !!)=!!(! k|ltzt af]gz z]o/ tyf ^^=!^ k|ltzt gub nfef+z ljt/0f
ug{ ;Ifd sDkgL .

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

-t_ lwtf]kq laqmL v'Nnf cjlw M

o; ljj/0fkq dfkm{t g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 >d :jLs[lt k|fKt u/L ljb]zdf /f]huf/L ul//x]sf g]kfnL
gful/sx?sf nflu lgisfzg ul/g] ;fwf/0f z]o/sf] nflu cfj]bg lbg] cjlw !% -kGw|_ lbgsf] x'g]5 . pQm cjlwdf
j}b]lzs /f]huf/Ldf uPsf ;fj{;fwf/0fsf nflu lgisfzg u/]sf] z]o/ k"/f laqmL gePdf pQm laqmL geO{ afFsL /xg uPdf
To:tf] z]o/ ;j{;fwf/0f ;d"xdf yk u/L ;j{;fwf/0fsf] nflu cfj]bg lng] sfo{ sDtLdf $-rf/_ sfo{ lbgsf] nflu v'Nnf
ul/g]5 . ;f] cjlwleq lgisfzg ul/Psf] ;a} lwtf]kq laqmL gePdf ;+:yfut nufgLstf{n] ;d]t cfa]bg ug{ kfpg] u/L
bf];|f] r/0fsf] b/vf:t v'Nnf ePsf] ldltn] a9Ldf !%-kGw|_ lbgsf nflu lwtf]kqsf] b/vf:t v'Nnf /xg]5 . cfjZostf
eGbf a9L ;fwf/0f z]o/sf] nflu cfj]bg kg{ cfPdf s'g} klg avt ;fwf/0f z]o/sf] laqmL aGb ug{ ;lsg]5 t/ $ -rf/_
sfo{ lbgeGbf cufl8 z]o/ v/Lbsf] nflu cfj]bg lng] sfo{ aGb ul/g] 5}g .

u=@#= -s_ a}l+ sË ljQLo jf aLdf ;DaGwL Joj;fo ug]{ ;+ul7t ;+:yf afx]ssf cGo ;+ul7t ;+:yf lwtf]kq btf{ tyf lgisfzg
lgodfjnL, @)&# sf] lgod ( pk-lgod -#_ adf]lhd lwtf]kqsf] ;fj{hlgs lgisfzg ubf{ b]xfosf zt{x? k'/f u/]sf]
x'g' kg]{5 M

qm=;+
zt{x? kfngf eP/gePsf]
=
cfˆgf] p2]Zo cg';f/ sf/f]af/ ;~rfng ug{sf nflu cfjZos sfo{x? cufl8 a9fO{
s= ePsf] .
Ps jif{sf] cjlw k"/f u/]sf] .
v= k|rlnt sfg"g adf]lhd n]vfkl/If0f tyf ;fwf/0f ;ef ;DkGg u/]sf] . u/]sf] .
cfˆgf] p2]Zo cg';f/ sf/f]af/ ;~rfng ug{sf nflu k|rlnt sfg"g adf]lhd s'g} lnO;s]sf] .
u= lgsfoaf6 Ohfht, cg'dlt jf :jLs[lt lng'kg]{ ePdf To:tf] Ohfht, cg'dlt jf
:jLs[lt lnO;s]sf] .
;+ul7t ;+:yfsf] nflu cfjZos kg]{ hUuf v/Lb jf cGo k|sf/n] Joj:yf u/L ul/;s]sf] 5 .
3= sf/vfgf ejg, sfof{no ejg, uf]bfd3/ tyf cGo cfjZos ;'ljwfx?sf] lgdf{0f
sfo{ z'? ul/;s]sf] .
sDkgLsf] nflu cfjZos kg]{ oflGqs pks/0f tyf To;sf kf6{k"hf{ cflb v/Lb k|lqmof k"/f u/L v/Lb
ª=
ug{'kg]{ ePdf 6]08/ cflb u/L v/Lb k|lqmof cufl8 a9fO{ ;s]sf] . ul/;lsPsf] .
lwtf]kqsf] ;fj{hlgs lgisfzg ;DaGwdf lgisfzg tyf laqmL k|aGws;Fu ;Demf}tf ePsf] .
r=
e};s]sf] .
cfof]hgfsf] lgdf{0f cjlwe/ sDkgLsf] C0f / kF"hLsf] cg'kft lwtf]kq lgisfzg nfu' gx'g] .
5=
lgb]{lzsfdf tf]lsPsf] cg'kftdf /fVg ;xdt ePsf] .
h= ;+:yfksx?n] lng sa'n u/]sf] lwtf]kqsf] /sd zt k|ltzt r'Qmf e};s]sf] . ePsf] .
em= cfof]hgf lgdf{0fsf nflu kmfOgflG;on Snf]h/ (Financial Closure) e};s]sf] . nfu' gx'g] .
~f= cfof]hgf;Fu ;DalGwt cGo k"jf{wf/x? lgdf{0fsf] nflu 6]08/ cfJxfg ul/;s]sf] . nfu' gx'g] .
;j{;fwf/0fsf nflu lgisfzg ug{ nfu]sf] z]o/x? lgb]{zgdf tf]lsP adf]lhd ePsf] .
6=
k|Tofe"lt u/fPsf] .

31
-v_ 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 M

l;=g+= ;~rfnssf] gfd kb b:tvt

!= cWoIf
>L of]u]Zj/ zdf{ 9sfn
cdnfrf}/–$, afUn'Ë

@= ;~rfns
>L ;'/h s'df/ >]i7, sf=d=g=kf= !#, sf7df08f}
-k|ltlglw–lgldiff OGe]i6d]G6 k|f= ln=_

#= >L s'df/ kf}8]n ;~rfns

b]jbx–$, ?kGb]xL

$= >L ho/fd g]kfn ;~rfns

sNn]/L #, wflbË
-k|ltlglw P;=cf/= xfO{8«f] P08 O{Ge]i6d]G6 k|f=ln=_

32
u=@$ lgisfzg tyf laqmL k|jGwssf] k|:t't u/]sf] k|lta4tf kq -8\o' 8]lnh]G;\ ;l6{lkms]6_ sf] k|lt M

33
u==@% ljj/0fkq, ljQLo ljj/0f tyf cGo s'g} s'/fdf lj1n] /fo lbPsf] eP ;f] ;DaGwL kq M

34