Category: Nepal Stock Exchange

  • Nepal Investment Mega Bank: No Dividends for FY 2079/80

    Nepal Investment Mega Bank: No Dividends for FY 2079/80


    In a strategic move prioritizing financial stability, Nepal Investment Mega Bank Limited (NIMB) has declared a noteworthy decision in its 598th Board Meeting held on Magh 19, 2080. The bank has chosen not to distribute dividends for the Fiscal Year 2079/80. This prudent decision reflects NIMB’s commitment to fortifying its financial reserves and aligning with industry dynamics. While awaiting approvals from Nepal Rastra Bank and the imminent Annual General Meeting, NIMB’s decision underscores its focus on maintaining a robust financial foundation, ensuring sustained growth, and fortifying its position in the banking sector.

     

  • JALPA Declares No Dividends for FY 2079/80, Pending Regulatory Approval

    JALPA Declares No Dividends for FY 2079/80, Pending Regulatory Approval


    Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) has officially declared that it will not be distributing dividends for the Fiscal Year 2079/80.

    The decision was made during the Board Meeting of JALPA on Magh 16, 2080, where it was decided that the company would abstain from distributing any dividends for the mentioned fiscal year. Importantly, the implementation of this decision is contingent upon receiving approval for the financial statements from the regulatory authority, Nepal Rastra Bank, as well as confirmation during the upcoming Annual General Meeting of the company.

    As of the latest update, JALPA’s closing stock price stands at Rs. 1,170.00. This decision not to distribute dividends reflects the company’s current financial strategy and considerations, and further clarity on this matter will be provided following the necessary regulatory approvals.

  • NEPSE Index Witnesses a 1.02% Decline

    NEPSE Index Witnesses a 1.02% Decline


    The Nepal Stock Exchange (NEPSE) Index experienced a decline of 21.67 points, equivalent to 1.02% from the previous day’s closing, settling at 2,097.93 points. In contrast, the index had recorded a gain of 14.88 points in the preceding trading session.

    The market commenced today with an opening index of 2,119.17, witnessing fluctuations throughout the day, ranging from an intraday low of 2,088.48 to an intraday high of 2,131.28.

    During the day’s trading activities, a total of 313 different stocks were traded in 95,645 transactions, with a trading volume of 14,777,120 shares and a total turnover of Rs. 5.529 Arba. The market capitalization stood at Rs. 32.96 Kharba, and the float market capitalization was Rs. 11.31 Kharba.

    Himalayan Reinsurance Limited (HRL) led in terms of turnover, achieving a total of Rs. 63.87 crore and concluding the day with a market price of Rs. 714.60.

    In the realm of top gainers, Samling Power Company Limited (SPC) exhibited the highest gain of 9.87%, followed closely by Mandakini Hydropower Limited (MHL) with a gain of 9.67%. These positive movements were observed in today’s trading session.

    These developments in the Nepal Stock Exchange highlight the dynamic nature of the market, with fluctuations in indices, turnovers, and notable performances by specific stocks. The information also underscores the significance of various factors influencing the financial landscape and investor sentiments.NEPSE Index Witnesses a 1.02% Decline

  • Swarojgar Laghubitta Proposes 7.3684% Dividend, Rs. 4.62 Crores for FY 2079/80 with 7% Bonus Shares and Rs. 23.10 Lakhs Cash

    Swarojgar Laghubitta Proposes 7.3684% Dividend, Rs. 4.62 Crores for FY 2079/80 with 7% Bonus Shares and Rs. 23.10 Lakhs Cash


    Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) is set to reward its stakeholders with a proposed dividend of 7.3684%, amounting to Rs. 4.62 crores for the fiscal year 2079/80. The decision was made during the 263rd board meeting on Magh 15, where the directors recommended a distribution on the paid-up capital of Rs. 62.72 Crores. The proposed dividend includes a 7% bonus in shares, equivalent to Rs. 4.39 crores, and a 0.3684% cash dividend, specifically for tax purposes, totaling Rs. 23.10 lakhs. However, the disbursement is contingent upon approval from the central bank and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). This dividend proposal reflects SLBBL’s commitment to providing value to its shareholders while maintaining regulatory compliance in the financial sector.

     

  • Rangoon Khola Hydropower Announces AGM on Falgun 9, IPO Issuance Key Agenda

    Rangoon Khola Hydropower Announces AGM on Falgun 9, IPO Issuance Key Agenda


    Rangoon Khola Hydropower Limited is set to convene its inaugural Annual General Meeting (AGM) on the 9th of Falgun, 2080. The meeting, scheduled to commence at 11:00 AM at the Company’s Register Office in Sukedhara, Kathmandu, holds significant importance as it addresses crucial agenda items. Among them, the AGM will focus on the endorsement of the company’s annual report, including key financial aspects such as profit and loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. Additionally, the shareholders will deliberate on the appointment of auditors and determine their remuneration, shaping the financial oversight and transparency of Rangoon Khola Hydropower Limited in the upcoming fiscal year. This AGM serves as a pivotal moment for stakeholders to contribute to the strategic decisions and financial governance of the hydropower company.

     

  • NEPSE Closes Above 2100 Levels; HRL Records Highest Turnover

    NEPSE Closes Above 2100 Levels; HRL Records Highest Turnover


     

    Experience the thrill of Nepal’s stock market as the Nepal Stock Exchange (NEPSE) Index showcases a remarkable gain of 10.26 points, equivalent to 0.48%, settling at an impressive 2,104.72 points, surpassing the previous day’s closing. Reflecting a resilient market, the day commenced with an opening index of 2,097.48, navigating through an intraday low of 2,097.23 before soaring to an intraday high of 2,114.79. This dynamic performance underscores the vibrancy and potential for investors seeking opportunities in the ever-evolving landscape of NEPSE.

     

  • Last Trading Day for Himalayan Everest Insurance Dividend – Act Now!

    Last Trading Day for Himalayan Everest Insurance Dividend – Act Now!


    Investors of Himalayan Everest Insurance Limited (HEI) are urged to seize the opportunity as today marks the final day to avail the enticing 15% dividend proposed by the company. The decision was reached during the 317th board of directors meeting on Poush 25, where it was resolved to distribute dividends based on the paid-up capital of Rs. 2.30 Arba.

    In this generous dividend offering, HEI is proposing an 8.63% bonus in the form of shares, amounting to Rs. 19.86 crore, along with an additional 6.37% cash dividend, inclusive of tax, totaling Rs. 14.66 crore. This announcement follows the company’s commitment to rewarding its shareholders for their continued support and investment in the organization.

    Furthermore, HEI has called for its 30th Annual General Meeting (AGM) scheduled for 25th Magh, 2080, at Baneshwor Banquet, Thapagaun, commencing at 11 AM. This AGM serves as a crucial platform for stakeholders to gain insights into the company’s performance, future plans, and financial outlook. Investors attending the meeting will have the opportunity to actively participate in discussions that shape the trajectory of Himalayan Everest Insurance Limited.

     

  • Singati Hydro Energy: Offer Letter Published, Right Shares Issue Opens on Falgun 2

    Singati Hydro Energy: Offer Letter Published, Right Shares Issue Opens on Falgun 2


    Singati Hydro Energy Limited (SHEL) is embarking on a new phase of expansion and growth with the issuance of its 100% rights shares, as outlined in its recently published offer letter. The company has opened the window for applications for these right shares in a generous ratio of 1:1 or 100%, accepting applications from 2nd Falgun to 22nd Falgun, 2080.

    In this offering, Singati Hydro Energy Limited plans to issue 100% right shares valued at Rs. 1.45 Arba, equivalent to 14,500,000 (1:1) units of right shares, specifically catering to its existing shareholders. The company, known for its contributions to the hydropower sector, is currently operating with a paid-up capital of Rs. 1.45 Arba. With the proposed issuance and adjustment of the right shares, the paid-up capital is set to undergo a significant boost, reaching Rs. 2.90 Arba.

    This strategic move not only reflects Singati Hydro Energy Limited’s commitment to strengthening its financial position but also provides existing shareholders with an exclusive opportunity to participate in the company’s expansion endeavors. The issuance of 100% right shares signifies a bold step towards fortifying the company’s foothold in the hydropower industry, signaling confidence in its future prospects and inviting stakeholders to be part of this exciting phase of growth.

     

  • Sanima GIC Insurance Limited: No Dividend Declared for FY 2079/80

    Sanima GIC Insurance Limited: No Dividend Declared for FY 2079/80


     

    Sanima GIC Insurance Limited (SGIC) has recently announced its decision to refrain from distributing dividends for the Fiscal Year 2079/80. The resolution was reached during the 134th Board Meeting of SGIC, held on Magh 10, 2080. The decision not to distribute dividends stems from a careful consideration of various factors and aligns with the company’s strategic approach to financial management. It’s crucial to highlight that this decision is subject to the approval of the financial statements by the regulatory authority, Nepal Insurance Authority. The move underscores SGIC’s commitment to responsible financial practices, ensuring that shareholder interests are in sync with the prevailing economic conditions and regulatory requirements. Investors and stakeholders will be keenly watching for further insights during the regulatory approval process to gain a comprehensive understanding of SGIC’s financial standing and its future direction.

     

  • Wean Nepal Laghubitta: No Dividend Distribution for FY 79/80

    Wean Nepal Laghubitta: No Dividend Distribution for FY 79/80


    WNLB, as per the decision made during its recent Board Meeting on Magh 10, 2080, has opted not to distribute any dividends for the fiscal year 2079/80. This resolution is subject to the approval of the financial statements by the regulatory authority, Nepal Rastra Bank, and the forthcoming Annual General Meeting of the company. It’s noteworthy that WNLB’s stance on dividends reflects a strategic approach, considering various factors that impact financial decisions. As of the latest update, the company’s stock, denoted by WNLB, closed at Rs. 859.00. This decision underscores the company’s commitment to prudent financial management and aligning shareholder expectations with the current business landscape. Investors and stakeholders will be keenly awaiting the regulatory approval and the insights provided during the upcoming Annual General Meeting for a comprehensive understanding of WNLB’s financial position and future prospects.

     

  • Puwa Khola-1 Hydropower Partners with LS Capital for IPO Management

    Puwa Khola-1 Hydropower Partners with LS Capital for IPO Management


    Puwa Khola-1 Hydropower Limited is set to make a significant market debut by appointing LS Capital Limited as the IPO issue and sales manager for its upcoming public offering. The hydropower company plans to release 19,46,660 ordinary shares to the general public, each carrying a face value of Rs 100. The strategic move towards IPO comes on the heels of the successful completion and operation of their 4 MW hydropower project situated in the picturesque Ilam district. Managing Director Mr. Kadam KC, representing Puwa Khola-1 Hydropower, and Mr. Bijay Lal Shrestha, CEO of Laxmi Sunrise Capital Limited, officially sealed the agreement. Investors now have the opportunity to be part of this forward-looking venture, contributing to both sustainable energy development and the economic growth of the region. The collaboration with LS Capital Limited further reinforces Puwa Khola-1 Hydropower’s commitment to bringing clean energy solutions to the forefront of the market, paving the way for a greener and more sustainable future.

     

  • Super Khudi Hydropower Taps Global IME Capital as IPO Issue Manager

    Super Khudi Hydropower Taps Global IME Capital as IPO Issue Manager


    Super Khudi Hydropower Limited, a pioneering venture in the renewable energy sector, has recently appointed Global IME Capital Limited as the dedicated issue and sales manager for its upcoming Initial Public Offering (IPO). The highly anticipated IPO entails the issuance of 6,975,000 ordinary shares to the general public, each with a face value of Rs 100. Spearheading this significant move is Mr. Rabi Kumar Gautam, Senior Project Manager at Super Khudi Hydropower, and Mr. Mandip Luitel, CEO of Global IME Capital, who formally sealed the agreement. With a commitment to sustainable energy solutions, Super Khudi Hydropower Limited is poised to revolutionize the hydropower landscape, offering investors an opportunity to be part of a forward-thinking enterprise dedicated to shaping a greener, more resilient future. This strategic partnership with Global IME Capital further solidifies Super Khudi Hydropower’s position as a catalyst for positive change in the renewable energy sector, promising investors a stake in a project that not only generates power but also drives environmental stewardship and economic growth.