Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) has suggested a 14.077% bonus share distribution for the fiscal year 2079/80.
In their 216th board meeting on Magh 19, the directors decided to allocate the dividend on the paid-up capital of Rs. 91,07,82,508.50. The entire dividend amount is proposed to be given in the form of bonus shares, making the total value of these shares Rs. 12,82,10,853.72.
Mandu Hydropower Limited (MANDU) has notified investors and stakeholders about the conclusion of the lock-in period for 22,935 unit shares held by Mutual Funds. This decision aligns with the Securities Board of Nepal’s (SEBON) directives, with the lock-in period set to expire on Falgun 23, 2080.
Out of the total 13,636,370 units of shares listed on the Nepal Stock Exchange (NEPSE) by MANDU, 5 percent, equivalent to 72,133 unit shares, were specifically allocated for Mutual Funds. However, only 22,935 units were subjected to the lock-in period according to SEBON’s directives issued on Kartik 25. The recent notice informs investors and stakeholders that the lock-in period for these 22,935 unit shares has concluded as of Falgun 23.
Mandu Hydropower Limited (MANDU) demonstrates robust financial performance in the second quarter of Fiscal Year 2080/81, boasting an impressive 11.78% increase in earnings and achieving a net profit of 17.05 Crores. Notably, the company exhibits prudent financial management by reducing loans and borrowings by 22.76% to Rs. 2.12 Arba during this period.
Despite a marginal 4.04% decrease in power sales revenue, totaling Rs. 41.52 Crores, MANDU’s strategic financial controls are evident, as administrative expenses remained well-contained at Rs. 40.77 lakhs. This positive quarterly report underscores Mandu Hydropower Limited’s commitment to financial stability and sustainable growth in the hydropower sector.
Ganapati Laghubitta Bittiya Sanstha Limited’s Bardiya branch takes a significant stride in community development through a recently organized one-day training program focused on commercial goat farming. As part of their Development Training initiative, the program aimed to enrich the skills of enrolled members, witnessing the active participation of 31 customers. The inauguration, presided over by monitoring officer Gokarna Prasad Joshi, featured the guidance of Mr. Prabhuraj Thapa, Chief of the Training Development and Operation Department, along with the presence of Branch Manager Hikmat Dhakal. Conducted by Livestock Technical Officer Ghanashyam Tiwari, the training culminated with the distribution of certificates to participants, highlighting the commitment of Ganapati Laghubitta Bittiya Sanstha Limited to empowering its community members in the realm of commercial goat farming. The seamless coordination and facilitation of the program were skillfully managed by Assistant Lokendra Prasad Bhatta from the Operation and Simplification Branch, marking a successful endeavor towards skill enhancement and community engagement.
Embarking on a new investment avenue, Kumari Capital Limited introduces the closed-end mutual fund scheme, “Kumari Sabal Yojana,” through its recently published offer letter. Opening on the 28th of Magh and closing on the 2nd of Falgun, 2080, this opportunity presents investors with a chance to subscribe to 8.5 crore units, collectively valued at Rs. 85 crore. Notably, a total of 10 crore units are on offer, with 1% reserved for the scheme manager, Kumari Capital Limited, and 14% allocated to the fund sponsor, Kumari Bank Limited. In the event of undersubscription by the early closing date, the offering can extend until the 13th Falgun, providing potential investors with an extended window to seize this investment opportunity in “Kumari Sabal Yojana.”
In a strategic move towards financial prudence, Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has officially announced its decision not to distribute dividends for the Fiscal Year 2079/80. The outcome of the 69th Board Meeting, held on Magh 18, 2080, reflects MLBSL’s commitment to responsible financial management. This decision, however, awaits the crucial approvals from the regulatory authority, Nepal Rastra Bank, and the imminent Annual General Meeting of the company. MLBSL, by prioritizing financial stability, aims to fortify its position in the financial landscape, ensuring sustained growth and resilience in the microfinance sector.
Introducing an exclusive partnership between Citizens Bank International Limited (CZBIL) and Vinayak Hospital & Maternity Home Pvt. Ltd., Tokha, Kathmandu! As of 19th Magh 2080, customers holding Citizens Bank International cards or utilizing mobile banking services are in for a treat. With the newly signed Memorandum of Understanding (MoU), Vinayak Hospital extends a generous discount of up to 10% on a wide array of medical services. This collaborative effort aims to prioritize the well-being of CZBIL customers, providing them with accessible and affordable healthcare at Vinayak Hospital & Maternity Home, ensuring peace of mind for both cardholders and mobile banking users alike. Your health matters, and with this exclusive offering, CZBIL is committed to enhancing your healthcare experience.
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.
Sarbottam Cement Limited has successfully allocated IPO shares to Nepali citizens employed abroad, concluding the allotment process on the morning of 17th Magh, 2080, at the premises of the issue manager, Global IME Capital, located in Kathmandu.
The cement company had floated 267,000 units of IPO shares through the book-building process, offering them at a price of Rs. 360.90 exclusively for Nepali citizens working overseas. The subscription period for this Initial Public Offering extended from the 25th of Poush to the 10th of Magh, 2080. During this timeframe, interested applicants had the opportunity to apply for IPO shares, with a minimum application size of 50 units and a maximum of 10,000 units.
The IPO garnered significant attention, evidenced by the receipt of 33,824 applications for the available 21,39,220 unit shares. Following the allocation process, it was observed that 14 applications, originally applying for 720 units, were disqualified. However, the majority of 33,810 applications were approved.
Among the approved applications, 5,340 applicants out of the total 33,810 were successfully allotted 50 units each through a lottery system as part of the IPO allocation process.
In a related development, ICRA Nepal has reaffirmed Sarbottam Cement Limited’s issuer rating as [ICRANP-IR] BBB+, emphasizing its stability. Additionally, ICRA Nepal has maintained the long-term rating at [ICRANP] LBBB+ and the short-term rating at [ICRANP] A2 for Sarbottam’s bank loan limits. This reaffirmation by ICRA Nepal underscores the company’s creditworthiness and financial standing in the market.
Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) has issued a notice regarding the conclusion of the lock-in period for its promoter shareholders. The lock-in period, which began on Baishakh 19, 2079, and ended on Magh 16, 2080, has been formally communicated to investors and stakeholders in accordance with the recent guidelines from the Securities Board of Nepal (SEBON).
ULBSL, listed on the Nepal Stock Exchange (NEPSE), has a total of 1,061,482 units of shares. Among these, the promoter shareholders held 4,20,000 units, and this lock-in period for these shares officially expired on Magh 16, 2080. Additionally, the company issued 2,21,156 units of IPO shares to the general public.
With a total paid-up capital of Rs. 10.61 crores, ULBSL has recently listed 6,89,964 units of promoter shares on NEPSE following the issuance of 61.75% bonus shares within a one-year period.
It’s important to note that the shares held by the promoters, post lock-in period, will be traded in the promoter category and will have a distinct pricing mechanism separate from the public share price. This information is crucial for investors and stakeholders in understanding the market dynamics and classification of shares within ULBSL.
NIMB Ace Capital Limited is concluding the public issuance of its mutual fund scheme, “NIBL Stable Fund,” today, on Magh 16, 2080. The originally scheduled closing date on the 5th Magh was extended due to an insufficient number of applications received by the issue manager. The mutual fund scheme, out of a total of 10 crore unit shares, has allocated 1% (10 lakh units) valued at Rs. 1 crore to the scheme manager, NIMB Ace Capital Limited, and 14% (1.4 crore units) worth Rs. 14 crore to the fund sponsor, Nepal Investment Mega Bank Limited. The remaining 8.5 crore units, amounting to Rs. 85 crore, are now available for subscription by the general public. This extension provides an additional opportunity for investors to participate in the NIBL Stable Fund, contributing to the overall capitalization of the mutual fund scheme.
Upper Solu Hydro Electric Company Limited (USHEC) has reported a remarkable surge in net profit, demonstrating a substantial 47.90% increase during the second quarter (Q2) of the fiscal year 2080/81. The company’s profits escalated from Rs. 5.67 crores in the corresponding quarter of the previous year to an impressive Rs. 8.39 crores in the current quarter. This outstanding financial performance is attributed to the notable growth in revenue from power sales, reaching Rs. 42.88 crores for the quarter, marking a 4.94% uptick compared to the same period in the preceding year. The surge in profits underscores the company’s effective management and robust position in the hydroelectric sector, positioning USHEC as a key player in the industry’s growth and sustainability.