Category: Dividend

  • Last Day for Eligibility: Api Power Company Limited’s Rights Offering Draws to a Close

    Last Day for Eligibility: Api Power Company Limited’s Rights Offering Draws to a Close


    Api Power Company Limited (API) has announced that today is the final day for shareholders to be eligible for its rights offering. The hydropower company plans to issue 40% right shares, amounting to Rs. 1.65 Arba, through the issuance of 1,65,33,137 units of right shares to its existing shareholders. This offering will increase the company’s paid-up capital from Rs. 4.13 Arba to Rs. 5.78 Arba.

    To participate in the rights offering, shareholders must have maintained their ownership in the company until today. The book closure date has been set for Ashad 22, 2080, which means that only shareholders who meet this requirement will be eligible to participate in the rights offering.

  • Announcement: Nepal Infrastructures Investment Fund Limited Calls 1st Special General Meeting to Discuss Key Agendas and Shareholder Participation

    Announcement: Nepal Infrastructures Investment Fund Limited Calls 1st Special General Meeting to Discuss Key Agendas and Shareholder Participation


    Nepal Infrastructures Investment Fund Limited has announced its plans to hold the 1st Special General Meeting (SGM) on the 7th of Shrawan, 2080. The meeting will take place in Jhamsikhel, Lalitpur, and is scheduled to commence at 10 am on the aforementioned day.

    The SGM will address several important agendas that require the attention and participation of the shareholders. Firstly, there will be a proposal to amend the Articles of Association, which are the fundamental rules governing the company’s operations. This suggests that certain changes or updates are being considered to ensure the smooth functioning and adaptability of the organization.

    Additionally, another significant item on the agenda is the issuance of 100% right shares from the company’s paid-up capital. This means that existing shareholders will have the opportunity to acquire additional shares in proportion to their existing holdings. The Board of Directors (BODs) will be entrusted with the responsibility of overseeing this process, granting them full authority in its execution.

    Furthermore, the meeting aims to discuss the recruitment of strategic founding investors following the issuance of the right shares. This indicates the company’s intention to bring in new investors who can contribute strategically to the growth and development of the organization. By attracting these investors, Nepal Infrastructures Investment Fund Limited aims to strengthen its financial position and gain valuable expertise and resources.

    It is important to note that the book closure date has been set for Ashad 28. This means that only shareholders registered before this date will be eligible to attend the SGM. Therefore, shareholders are urged to ensure their registration is completed before Ashad 28 to participate in this significant meeting.

    Overall, the 1st Special General Meeting of Nepal Infrastructures Investment Fund Limited holds great importance for the company and its shareholders. The proposed agendas, including the amendment of the Articles of Association, issuance of right shares, and recruitment of strategic founding investors, reflect the company’s efforts to enhance its operations and secure a strong financial foundation for future growth.

  • NLG Insurance Company Granted 66% Right Shares Permission by Nepal Insurance Authority

    NLG Insurance Company Granted 66% Right Shares Permission by Nepal Insurance Authority


     

    NLG Insurance Company has received permission from the Nepal Insurance Authority (NIA) to issue 66% right shares. The company’s board meeting, held last Friday, approved the decision for capitalization. NLG Insurance will now seek approval from the Securities Board of Nepal (SEBON) for the rights issuance. Once SEBON grants permission, the company will distribute the rightful shares to its shareholders.

     

  • “Last Day to Claim Dividend: Citizen Investment Trust (CIT) Announces 26.3158% Dividend for Shareholders at 28th AGM”

    “Last Day to Claim Dividend: Citizen Investment Trust (CIT) Announces 26.3158% Dividend for Shareholders at 28th AGM”


    Citizen Investment Trust (CIT) has announced that today is the final day for shareholders to claim the proposed dividend.

    The company has scheduled its 28th Annual General Meeting (AGM) for the 31st of Ashad, 2080. The meeting will take place at the company’s head office in New Baneshwor, Kathmandu, commencing at 3 pm.

    Among the various agenda items, the AGM will approve a dividend of 26.3158% for the fiscal year 2078/79. This decision was made during a board of directors meeting on Baisakh 29. The proposed dividend includes 25% bonus shares and 1.3158% cash dividend (for tax purposes). The current paid-up capital of CIT is Rs 4,251,000,576. Additionally, the AGM will also involve the election of a director and the appointment of a representative to sign the decision book on behalf of the shareholders and directors.

    The book closure date for dividend entitlement is Ashad 19. Shareholders who hold shares until today are eligible to receive the dividend and can also participate in the AGM.

  • “Ngadi Group Power Limited Proposes 100% Rights Shares for Shareholders to Address Funding Requirements”

    “Ngadi Group Power Limited Proposes 100% Rights Shares for Shareholders to Address Funding Requirements”


    Ngadi Group Power Limited (NGPL) has proposed to offer 100% rights shares to its existing shareholders. The proposal was made during a recent Board of Directors meeting.

    NGPL’s Siurikhola Small Hydropower Project, located in Lamjung District, Gandaki Province, with a capacity of 4.95 MW, has been performing well due to regular maintenance. However, additional funds are needed to maintain existing projects, settle payments, invest in new projects, attract investments, create jobs, and increase national capital.

    To address this funding requirement, NGPL aims to issue rights shares in a 1:1 ratio to its current shareholders. This will increase the company’s paid-up capital from Rs. 1.85 Arba to Rs. 3.7 Arba.

    Approval from the Electricity Regulatory Commission and subsequent endorsement at the Annual General Meeting (AGM) are necessary for the issuance of the rights shares.

    NGPL had previously issued 150% rights shares to its shareholders.

    As of July 02, NGPL shares were trading at Rs. 241.

  • TPC Proposes 100% Rights Share Issuance for Hydropower Project and Investments

    TPC Proposes 100% Rights Share Issuance for Hydropower Project and Investments


    Terhathum Power Company Limited (TPC) has suggested giving 100% rights shares to its existing shareholders. This decision was taken during a meeting of the Board of Directors on Ashad 12, 2080. The main aim behind issuing these rights shares is to support the progress of the Khorunga Tangmaya Khola hydropower project, which has a capacity of 2 MW. Furthermore, the funds generated from the rights shares will be utilized for investments in other hydropower companies that provide dividends to their investors.

     

  • Barun Hydropower Company Proposes 100% Right Shares; Approval Pending from ERC

    Barun Hydropower Company Proposes 100% Right Shares; Approval Pending from ERC


     

    Barun Hydropower Company Limited (BARUN) has decided in its recent Board of Directors meeting to issue 100% right shares, which means one additional share for every existing share. Currently, BARUN has 5,358,150 unit shares listed on the Nepal Stock Exchange (NEPSE) and a paid-up capital of Rs. 53.58 Crores. If the issuance of the right shares is approved by the regulatory bodies and endorsed at the upcoming Annual General Meeting (AGM), the paid-up capital will increase to Rs. 1.07 Arba.

     

  • Deadline for Samudayik Laghubitta Dividend Proposal.

    Deadline for Samudayik Laghubitta Dividend Proposal.


     

    Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) has announced that today is the final day to avail the dividend they have proposed. The company has scheduled its 9th Annual General Meeting (AGM) on the 22nd of Ashad, 2080. The AGM will take place at The Dhulikhel Lodge Resort in Dhulikhel, Kavrepalanchowk, starting from 11 AM. One of the important matters to be addressed during the meeting is the endorsement of a 15% dividend for the fiscal year 2078/79. The board of directors has decided to distribute this dividend on the paid-up capital of Rs. 13.20 Crores. They have proposed 10% bonus shares worth Rs. 1.32 crores and a 5% cash dividend amounting to Rs. 66 lakhs.

     

  • “Dibyashwori Hydropower Appoints Mega Capital Market as Issue Manager for 100% Right Shares Offering”

    “Dibyashwori Hydropower Appoints Mega Capital Market as Issue Manager for 100% Right Shares Offering”


     

    Dibyashwori Hydropower has chosen Mega Capital Market as the issue manager for its upcoming right shares offering to its existing shareholders. According to a media statement, the company will be issuing shares in a 1:1 ratio. A memorandum of understanding (MoU) was signed between the acting CEO of Mega Capital Market, Sulav Shrestha, the marketing head of the bank, Giriraj Pokharel, and the chairman of Dibyashwori Hydropower, Dadiram Niraula, along with Buddha Krishna Manandhar from the hydropower company. The signing took place during a program, as mentioned in the media statement.

     

  • “Dibyashwari Hydropower Company Proposes 100% Right Share Issuance”

    “Dibyashwari Hydropower Company Proposes 100% Right Share Issuance”


    Dibyashwari Hydropower Company Limited (DHPL) recently held a Board of Directors (BOD) meeting where they proposed to issue 100% right shares to their shareholders. Currently, DHPL has 2,640,000 unit shares listed in the Nepal Stock Exchange (NEPSE) and a paid-up capital of Rs. 26.40 Crores. With the issuance of the proposed right shares, the company’s paid-up capital will increase to Rs. 52.8 Crores. DHPL intends to utilize the funds raised from this issuance to clear the loans it has taken from banks.

     

  • Controversy Surrounds CARE Ratings Nepal as License Suspension Looms

    Controversy Surrounds CARE Ratings Nepal as License Suspension Looms


    CARE Ratings Nepal Limited (CRNL) has been notified by the Securities Board of Nepal (SEBON) that the action process, which was initiated based on a request for explanation made five and a half months ago, is currently underway. The SEBON’s Board of Directors (BODs) had requested an explanation from CARE Ratings Nepal during their meeting on 24th Poush, 2079, regarding why their license should not be suspended. As CARE Ratings Nepal did not respond to the request, the process of suspending their license was initiated. The suspension was prompted by allegations of providing a credit rating to Ghorahi Cement in a situation involving a conflict of interest.

     

  • Samudayik Laghubitta Bittiya Sanstha Limited Calls 9th AGM for Fiscal Year 2078/79

    Samudayik Laghubitta Bittiya Sanstha Limited Calls 9th AGM for Fiscal Year 2078/79


    Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) has scheduled its 9th Annual General Meeting (AGM) to take place on the 22nd of Ashad, 2080. The AGM will be held at The Dhulikhel Lodge Resort in Dhulikhel, Kavrepalanchowk, starting at 11 AM.

    One of the key agenda items to be discussed and endorsed during the meeting is the distribution of a 15% dividend for the fiscal year 2078/79. The board of directors has proposed to distribute the dividend based on the company’s paid-up capital of Rs. 13.20 crores. This includes 10% bonus shares worth Rs. 1.32 crores and a 5% cash dividend amounting to Rs. 66 lakhs. Additionally, the election of four directors from the promoter shareholding group and two directors from the public shareholding group will be conducted.

    The AGM will also cover the endorsement of the auditor’s report, including profit and loss statements, financial reports, and cash flow reports. An auditor for the fiscal year 2079/80 will be appointed, and full authority will be granted to the Board of Directors or a designated person to carry out any necessary tasks related to mergers, acquisitions, and amendments to the Articles of Association.

    It is important to note that the book closure date has been set for Ashad 14. Therefore, shareholders who are recorded before this date will be eligible for the dividend payout and are invited to attend the AGM.