Tag: Agenda

  • 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.

  • Laxmi Techno Plast Announces 7th AGM with Focus on IPO for Public Offering

    Laxmi Techno Plast Announces 7th AGM with Focus on IPO for Public Offering


    Laxmi Techno Plast Limited, a renowned player in the plastic products and furniture industry, has officially announced the eagerly awaited 7th Annual General Meeting (AGM). This AGM is scheduled to take place on the 11th of Mangsir, 2080, at the company’s headquarters in Hetauda, Makwanpur, with a prompt start time of 11:00 AM.

    The central focus of this upcoming AGM revolves around a significant proposal to issue an Initial Public Offering (IPO) to the general public at a premium price. The company intends to grant its Board of Directors (BoDs) full authority to oversee and carry out all the necessary procedures associated with launching the IPO at a premium valuation.

    Laxmi Techno Plast Limited, recognized for its successful brands Marigold Plastics and Om Shivam Pipes and Fittings, has built a formidable reputation in the industry since its establishment in 2005. With an extensive product line encompassing a wide range of high-quality plastic products, the company has made its mark in both household essentials and industrial requirements.

    Operating under the Marigold Plastics brand, the company takes pride in offering a diverse selection of plastic products, spanning from kitchenware to furniture, all crafted using PET/PETE plastic pellets known for their structural integrity. These products are designed with an emphasis on recyclability and food safety, providing both convenience and aesthetic appeal for homes. The JB Maru Group, under whose visionary leadership Laxmi Techno Plast operates, has a rich and storied history that spans over a century.

    Founded in 1937, the JB Maru Group has evolved from its industrial origins to engage in various business ventures. Laxmi Techno Plast, as a distinguished entity within this conglomerate, has consistently demonstrated innovation, quality, and a commitment to meeting the ever-changing needs of consumers.

  • Prabhu Capital Limited to Hold 15th AGM: Dividend and Key Agendas on the Table

    Prabhu Capital Limited to Hold 15th AGM: Dividend and Key Agendas on the Table


    Prabhu Capital Limited (PRABHU) has convened its 15th Annual General Meeting (AGM) for the 19th of Ashwin, 2080. The meeting is scheduled to take place at the Aranya Boutique Hotel and Restaurant, located on Nagpokhari Marga in Kathmandu, and is set to commence at 1:00 PM on that day.

    One of the primary items on the AGM’s agenda is the endorsement of dividends. The company’s board has proposed the distribution of cash dividends, amounting to 6.3158% inclusive of tax, derived from the profits of the fiscal year 2079/80.

    Additionally, the AGM will address several other important matters, including the approval of financial reports for the fiscal year 2079/80, the endorsement of the auditor’s report containing Profit and Loss statements, Balance Sheet, Financial reports, and cash flow reports for the same fiscal year. The meeting will also consider the appointment of auditors and the determination of their remuneration for the fiscal year 2080/81.

    Furthermore, there will be discussions and decisions regarding the appointment of new Directors to the company’s board. These various agenda items reflect the company’s commitment to transparency, financial accountability, and effective corporate governance, ensuring the interests of its shareholders and stakeholders are duly considered and addressed.

  • “Joshi Hydropower Calls AGM on 31st Bhadra to Approve 65% Right Shares Issue”

    “Joshi Hydropower Calls AGM on 31st Bhadra to Approve 65% Right Shares Issue”


     

    Joshi Hydropower Development Company Limited has scheduled its 8th Annual General Meeting (AGM) for the 31st of Bhadra. The AGM will take place at Lisara Banquet Hall in Naxal, commencing on Sunday at 11:00 AM. The company has also announced that the book closure date has been set for the 18th of Bhadra. This means that investors who hold shares before this date will be qualified to participate in the company’s 8th AGM.

  • Barun Hydropower Company Limited (BARUN) Calls Special General Meeting to Discuss 1:1 Rights Offering and Amendments

    Barun Hydropower Company Limited (BARUN) Calls Special General Meeting to Discuss 1:1 Rights Offering and Amendments


    Barun Hydropower Company Limited (BARUN) has announced its plans to hold a Special General Meeting (SGM) on the 14th of Shrawan, 2080. The meeting is scheduled to take place at Lord Party Venue in Dhumbarahi and will commence at 1 pm.

    During the SGM, BARUN will propose a 1:1 ratio rights offering, equivalent to 100% of the company’s paid-up capital, which currently stands at Rs. 53.58 Crores. It is important to note that the issuance of these right shares is subject to approval from the regulatory bodies. If approved, the issuance will result in an increase in the company’s paid-up capital to Rs. 1.07 Arba.

    Considering the potential increase in the company’s capital after the issuance of the right shares, the SGM will also address the need for amending relevant sections of the Articles of Association. The purpose of these amendments is to align the Articles of Association with the updated capital structure. Furthermore, the shareholders will be asked to grant full authority to the Board of Directors (BoDs) to carry out the necessary work related to the amendments, as guided by the regulatory board.

    It should be noted that the book closure date for the SGM is set for Shrawan 05. Shareholders who maintain their ownership before this date will be eligible to attend the meeting and participate in the decision-making process.

  • NEPSE Board Meeting to Discuss Approval for Seven Brokers and NEPSE-30 Index Operation Tomorrow.

    NEPSE Board Meeting to Discuss Approval for Seven Brokers and NEPSE-30 Index Operation Tomorrow.


     

    The Board of Directors of Nepal Stock Exchange (NEPSE) has planned a meeting for Wednesday morning. The meeting will cover important topics such as granting final approval to seven broker companies and deciding on the operational details of the NEPSE-30 index. Murahari Parajuli, the Company Secretary and Information Officer at NEPSE, confirmed these agendas during a phone interview with Sharesansar.

     

  • Summit Laghubitta Bittiya Sanstha AGM Announced: Dividend Endorsement, Merger Proposal, and FPO Agenda on the Table

    Summit Laghubitta Bittiya Sanstha AGM Announced: Dividend Endorsement, Merger Proposal, and FPO Agenda on the Table


    Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has announced the date for its 14th Annual General Meeting (AGM) on 30th Jestha, 2080. The meeting is scheduled to take place at Arniko Party Palace in Banepa, commencing at 10:30 AM.

    One of the key agendas of the AGM is the endorsement of a 14.276582% dividend for the fiscal year 2078/79. During the 33rd board of directors meeting held on Falgun 15, it was decided to distribute this dividend on the paid-up capital of Rs. 49.40 crores. The proposed dividend includes a bonus dividend of 13.562753%, amounting to Rs. 6.70 crores, and a cash dividend of 0.713829%, equivalent to Rs. 35.26 lakhs (for tax purposes).

    Additionally, the AGM will discuss and vote on resolutions related to the Due Diligence Audit and Memorandum of Understanding for the proposed merger between Summit Laghubitta and National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS). The share swap ratio for the merger has been set at 100:82, meaning that for every 100 units of Summit’s shares, shareholders will receive 82-unit shares of National Microfinance.

    Furthermore, the meeting will address the issuance of Further Public Offerings (FPO) to the general public, aiming to increase the company’s public shareholding ratio by 30%. Currently, the promoter to public shareholding ratio of the company stands at 80.63:19.37. There is also an agenda to raise the authorized capital to Rs. 70 crores.

    It is important to note that the book closure date has been set on Jestha 18. Shareholders who hold shares before this date will be eligible for the dividend payout and are welcome to attend the AGM. These discussions and resolutions signify the company’s efforts to enhance shareholder value and explore opportunities for growth and expansion.

  • “Himalaya Urja Bikas Company Limited reschedules 22nd AGM with new agenda items”

    “Himalaya Urja Bikas Company Limited reschedules 22nd AGM with new agenda items”


    Himalaya Urja Bikas Company Limited (HURJA) has announced that its 22nd Annual General Meeting (AGM) will now be held on 9th Jestha, 2080. The meeting was originally scheduled for 29th Poush, 2079, but was rescheduled. The AGM will take place at Arpan Banquet in Nayabaneshwor, Kathmandu, starting at 11 am on the specified day.

    The agendas for the AGM include endorsing the annual report for the fiscal year 2078/79 prepared by the board of directors, approving the auditor’s report for the same period, appointing an auditor for the fiscal year 2079/80, and approving their compensation. The meeting will also appoint Mr. Suman Sharma Chaulagain as a Director and propose to increase the authorized and issued capital of the company to Rs. 2.5 Arba. The company will also endorse 1:1 (100%) right shares from the paid-up capital of Rs. 99 Crores and manage capital received after issuance of rights shares.

    Investors who held shares of HURJA before the book closure date of Poush 18 will be able to attend 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.

     

  • On the 25th of Baisakh, Liberty Energy Company will hold its 11th, 12th, and 13th annual general meetings.

    On the 25th of Baisakh, Liberty Energy Company will hold its 11th, 12th, and 13th annual general meetings.


     

    Liberty Energy Company Limited (LEC) has scheduled its 11th, 12th, and 13th Annual General Meetings on the 25th of Baisakh, 2080. The meeting would begin at 11 a.m. that day at Amritbhog Caterings in Kalikasthan, Kathmandu.