Tag: 28th

  • Kumari Bank Introduces ‘Kumari Sabal Yojana’: 8.5 Crore Units Mutual Fund Scheme for Public Subscription from 28th

    Kumari Bank Introduces ‘Kumari Sabal Yojana’: 8.5 Crore Units Mutual Fund Scheme for Public Subscription from 28th


     

    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.”

  • Muktinath Bikas Bank Announces 17th AGM with Dividend Approval Amidst NEPSE Trading Suspension

    Muktinath Bikas Bank Announces 17th AGM with Dividend Approval Amidst NEPSE Trading Suspension


    Muktinath Bikas Bank Limited (MNBBL) has announced its 17th Annual General Meeting (AGM) scheduled for the 28th of Poush, 2080, to be held at City Square in New Road, Pokhara, starting at 10 AM.

    Among various agenda items, the AGM is set to approve a 10.2632% dividend for the fiscal year 2079/80. This decision was made during the 311th board meeting, with the dividend to be distributed on the paid-up capital of Rs. 6.42 Arba. The proposed distribution includes 9.75% bonus shares amounting to Rs 62.60 Crores and 0.5132% cash dividend (inclusive of bonus shares for tax purposes) totaling Rs 3.29 Crores.

    Additionally, the AGM will address the endorsement of the auditor’s report, covering profit and loss statements, financial reports, and cash flow reports. An auditor for the fiscal year 2080/81 will also be appointed. Furthermore, there are agendas related to the election of directors from both the public shareholding group and the promoter shareholding group. An agenda of note involves identifying a suitable development bank for potential merger and acquisition with Muktinath Bikas Bank Limited.

    However, it’s worth mentioning that the trading of Muktinath Bikas Bank Limited (MNBBL) was suspended by NEPSE on December 22 due to a violation of NEPSE regulations. The company is required to provide an explanation to NEPSE within 3 working days regarding the breach, as it had convened a board meeting on Poush 5 during trading hours for dividend declaration.

    The book closure date is set for Poush 19, allowing shareholders holding shares before this date to be eligible for the dividend payout and to attend the AGM.

  • Global IME Bank Announces 17th AGM: Agenda, Dividend Proposal, and Shareholder Information

    Global IME Bank Announces 17th AGM: Agenda, Dividend Proposal, and Shareholder Information


    Global IME Bank Limited (GBIME) has scheduled its 17th Annual General Meeting (AGM) for December 14, 2023, which corresponds to the 28th day of Mangsir, 2080. The AGM will take place at Nepal Pragya Pratisthan in Kamaladi, Kathmandu, commencing at 9 AM on the specified date.

    The outlined agendas for the AGM are as follows:
    1. Approval of the annual report, presented by the chairman on behalf of the board of directors.
    2. Endorsement of the auditor’s report, encompassing the Profit and Loss statements, financial reports, and cash flow statements for the fiscal year 2079/80.
    3. Approval of the consolidated financial statement, which includes the financial results of subsidiary companies for the fiscal year 2079/80. The subsidiaries include Global IME Capital Ltd., Global IME Laghubitta Bittiya Sanstha Ltd., and JBNL Securities Ltd.
    4. Approval of an 8% cash dividend from the profit of the fiscal year 2079/80.
    5. Appointment of an auditor for the fiscal year 2080/81.
    6. Election of six directors, with three from the founding shareholders and three from the general shareholders.
    7. Approval of the distribution of 1% bonus shares of the paid-up capital until the conclusion of the year 2080.
    8. Miscellaneous matters.

    The book closure for the proposed dividend and AGM is set for the 13th day of Mangsir, 2080. Shareholders recorded before this date are eligible for dividend payout and are invited to attend the AGM. Shareholders intending to participate in the AGM must be present at the meeting venue and sign the attendance book, which will be accessible from 8:00 AM onwards.

  • “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.

  • Chhyangdi Hydropower Company Approves 100% Right Shares Offering

    Chhyangdi Hydropower Company Approves 100% Right Shares Offering


     

    Chhyangdi Hydropower Company Limited (CHL) has scheduled its 9th Annual General Meeting (AGM) for the 28th of Baisakh, 2080. The conference would begin at 11 a.m. that day in Agrawal Bhawan, Kamalpokhari, Kathmandu.