Gurkhas Finance Founder Share Sale Open for Promoters
22nd February 2026, Kathmandu
The financial landscape of Nepal’s finance company sector has observed a new development as Gurkhas Finance Limited officially announces a founder share sale. On February 22, 2026 (Falgun 11, 2082), the company issued a public notification regarding the availability of 12,037 units of promoter shares. This transaction is being conducted in strict adherence to the Unified Directives issued by Nepal Rastra Bank, which mandate that any transfer of promoter or founder shares must first be offered to the existing pool of promoter shareholders. By providing this priority right, the regulatory framework ensures that the original founding group maintains the opportunity to preserve or consolidate their influence over the company’s governance before the equity is potentially diluted by external parties or the general public.
Gurkhas Finance Founder Share
Gurkhas Finance Limited, a well-established national-level finance company with its central operations based in Dillibazar, Kathmandu, has clarified that these 12,037 units belong to two specific individuals. The first block of 7,037 shares is registered under the name of Pirthi Maya Rai, while the second block consisting of 5,000 shares is held by Bir Bahadur Magar. In the context of a finance company, founder shares represent the core equity established at the time of the institution’s inception. These shares are distinct from the ordinary shares traded daily on the Nepal Stock Exchange (NEPSE) because they often come with specific lock-in periods and require formal approval from the central bank for any change in ownership. The current sale provides an avenue for these founders to exit or reduce their holdings while offering their peers a chance to increase their stake.
The application process for the Gurkhas Finance Founder Share sale is highly structured and time-sensitive. Existing promoter shareholders who are interested in acquiring these 12,037 units must submit a formal written application to the company’s head office located at Charakhal Road, Dillibazar. The company has established a 35-day window from the date of the first publication of the notice for these applications to be received. During this period, interested promoters must specify the number of shares they wish to purchase and at what price, provided the price meets the minimum threshold agreed upon by the selling founders and the company’s board. This 35-day period is a legal safeguard that prevents the arbitrary sale of founder shares to outsiders without giving the internal group a fair chance to exercise their right of first refusal.
If no applications are received from the existing promoter shareholders within the 35-day deadline, the procedural path for these shares changes significantly. According to the company’s statement and prevailing bylaws, any unsubscribed promoter shares will then be opened for sale to individuals or institutions outside the current promoter group. This could include existing ordinary shareholders, new high-net-worth investors, or even the general public, subject to the fit and proper test conducted by Nepal Rastra Bank. This transition from a private internal offering to a wider secondary offering ensures that the sellers can eventually achieve liquidity for their assets even if their current partners do not wish to expand their holdings at this time.
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From an investment and governance perspective, the Gurkhas Finance Founder Share sale carries strategic weight. Founder shareholders in Nepal’s financial sector often play a more active role in the board of directors and the overall strategic planning of the institution. Increasing one’s stake in the promoter category can lead to greater voting power during the Annual General Meeting and more significant representation on the board. For Gurkhas Finance, which has been focusing on improving its credit quality and expanding its digital footprint, the stability of its promoter group is a key factor for institutional confidence. Shareholders considering this purchase will likely evaluate the company’s recent financial performance, including its net profit trends, non-performing loan (NPL) ratios, and its history of bonus and cash dividend distributions.
The regulatory environment for finance companies in Nepal remains stringent. Nepal Rastra Bank monitors promoter shareholdings to prevent the over-concentration of financial power and to ensure that the promoters are individuals of high integrity. Any promoter wishing to purchase these 12,037 units must ensure they do not exceed the individual shareholding limits set by the central bank. Furthermore, the source of funds for such a purchase must be transparent and disclosed during the application process. This ensures that the capital entering the financial system is legitimate and that the institution remains resilient against external shocks or unethical practices.
In conclusion, the Gurkhas Finance Founder Share sale is a routine but vital administrative process that highlights the transparency of Nepal’s financial sector. With 12,037 units up for grabs, the current promoter group has until late March 2026 to make their move. For Pirthi Maya Rai and Bir Bahadur Magar, this represents a formal step in their personal investment management, while for the company, it ensures that share transfers are handled within the bounds of corporate law. As the 35-day countdown begins, market observers will be watching to see if the internal promoters consolidate their power or if this serves as a gateway for new faces to enter the founder ranks of Gurkhas Finance Limited.
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