Similarly, five companies have said they were partially affected by the earthquake.
Nepse had asked listed companies to inform it if they have suffered any damage from the earthquake.Thirteen listed companies told Nepse that they did not suffer any damage in the earthquake.
"We have asked the listed companies to report us about physical damages and financial loss suffered by them due to the earthquake so that investors will get picture of risk exposure of the companies where they have invested," Sitaram Thapaliya, general manager of Nepse, told Republica.
Of the 21 companies that have reported loss to Nepse so far, Infrastructure Development Bank Ltd (IDBL), Sunrise Bank Ltd and Citizens Bank Ltd have said that they were affected by the quake. According to the filing, IDBL's two branch offices -- one in Sindhupalchowk and another in Dolakha -- have suffered severe damages. Though Sunrise Bank Ltd did not mention specifically, it said that its branch offices in different parts of the country have sustained physical damage. Similarly, Citizens Bank Ltd has estimated damage will cost it Rs 133.3 million.
Likewise, Nirdhan Utthan Bank Ltd estimated that 1.51 percent of its total lending of Rs 94.24 million was at risk. While NLG Insurance Company Ltd hasn't reported any physical damage, it told Nepse that it has received a total of 829 claims worth Rs 550 million. Similarly, Lumbini General Insurance Company Ltd has received 550 claims so far, according to Nepse.
Thirteen listed companies, including Butwal Power Company Ltd, Asian Life Insurance Company Ltd and Taragaun Regency Hotel, which operates Hyatt Regency Kathmandu, have told Nepse that they have not been affected by the quake.
"While few companies have reported their physical damages and estimated financial loss, they are required to send exact financial loss like how their balance sheet will be affected, total claims to be settled by insurance companies, and loss provisioning that banks and financial institutions will have to make, among others, once they conduct their audit," said Thapaliya. "Such disclosures will help investors to get clear picture of the company and make rationale trading decision," he added.
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