Tag: AGM

  • Sarbottam Cement IPO Opens Today: Company Performance Analysis

    Sarbottam Cement IPO Opens Today: Company Performance Analysis


    Sarbottam Cement, launched in 2010 as a key product of Saurabh Group, started its operations in February 2014. Based in Neupane Tower, Tinkune, Kathmandu, its factory is situated about 240 km away in Sunwal, Nawalparasi. The company has an authorized capital of Rs 4,000 million and occupies 30 bighas of land. Utilizing advanced European techniques, including the Vertical Roller Mill (VRM), it’s the first in Nepal to reduce energy consumption by up to 50%, making strides in eco-friendly cement production.

     

  • Promoter Shares Auction Today: Kumari Bank Limited & Gurkhas Finance Limited

    Promoter Shares Auction Today: Kumari Bank Limited & Gurkhas Finance Limited


    The current promoter of Kumari Bank Limited (KBL) is offering 97,847 units of shares for auction to existing promoter shareholders starting today. Srijana Sharma is planning to sell these shares to eligible shareholders. Interested parties are invited to submit their bids for the auction within 35 days from the date of this notice, which is the 13th of Falgun.

     

  • Gold Price Surges by Rs. 500/Tola; Silver Gains Rs. 5/Tola

    Gold Price Surges by Rs. 500/Tola; Silver Gains Rs. 5/Tola


    Today, the price of gold has risen by Rs. 500 per tola compared to yesterday’s trading rate. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is currently being traded at Rs. 1,18,500 per tola, marking a Rs. 500 increase from yesterday’s price of Rs. 1,18,000 per tola. Similarly, Tejabi gold is available today at Rs. 1,17,950 per tola, reflecting a Rs. 500 rise from yesterday’s rate of Rs. 1,17,4500 per tola.

     

  • Janautthan Samudayic Laghubitta Shareholders to Receive No Dividends for FY 2079/80

    Janautthan Samudayic Laghubitta Shareholders to Receive No Dividends for FY 2079/80


     

    Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB) has declared that it won’t be distributing dividends for the Fiscal Year 2079/80. The decision was made during the 216th Board Meeting held on Falgun 12, 2080. However, it’s crucial to mention that this decision is subject to approval from Nepal Rastra Bank, the regulatory authority, and the upcoming Annual General Meeting of the company.

     

  • Garima Capital Offers Free Demat and Meroshare Accounts to Nepali Investors

    Garima Capital Offers Free Demat and Meroshare Accounts to Nepali Investors


     

    Garima Capital Limited has launched a new program called “Every Nepali Shareholder,” enabling all Nepali citizens to open a Demat and Meroshare account without any charges. You can do this by visiting their main office in Kamalpokhri, Kathmandu, or at branch locations of Garima Bikas Bank Limited and Reliance Finance Limited across Nepal. Alternatively, you can also complete the process online through Garima Capital Limited’s website.

  • Promoters Auction Shares: Prabhu Bank (PRVU) and Kumari Bank (KBL) Initiatives for Existing Shareholders

    Promoters Auction Shares: Prabhu Bank (PRVU) and Kumari Bank (KBL) Initiatives for Existing Shareholders


    The current promoters of Prabhu Bank Limited (PRVU) have initiated the auctioning of 7,53,892 unit shares exclusively to its existing promoter shareholders, starting today. Eligible shareholders are invited to participate in the bidding process within 35 days from the publication date of this notice, which is the 11th of Falgun. Bids should be submitted at the central office of the bank situated in Babarmahal, Kathmandu. The closing price of PRVU on the previous day was Rs. 149.40.

    Auction Notice for Kumari Bank Limited (KBL):

    The existing promoter of Kumari Bank Limited (KBL), Ram Kumari Paudel, is putting up 4,115 units of shares for auction to fellow promoter shareholders, effective immediately. Eligible shareholders are urged to submit their bids within 35 days from the publication date of this notice, which is the 11th of Falgun. Bids can be submitted at the central office of the bank in Tangal, Kathmandu, or at Kumari Capital Limited located in Naxal, Nagpokhari, Kathmandu. In the event that no bids are received from existing founder shareholders within the specified timeframe, the shares will be opened for auction to the general public. The closing price of KBL on the previous day was Rs. 145, while KBLPO has a Last Traded Price (LTP) of Rs. 106.00 as of 21st February 2024.

  • Nepal Investment Mega Bank Successfully Concludes Allotment for 10% Debenture 2090 Public Issue

    Nepal Investment Mega Bank Successfully Concludes Allotment for 10% Debenture 2090 Public Issue


    Nepal Investment Mega Bank Limited (NIMB) has recently completed the allotment process for the public offering of the “10% NIMB Debenture 2090” on the 10th of Falgun, 2080. The issuance, which commenced on the 1st of Falgun, concluded on the 4th of Falgun, 2080.

    A total of 40.40 lakh units were made available during the issuance, each having a par value of Rs. 1000. Out of the entire unit allocation, 60%, equivalent to 24.24 lakh units, was designated for subscription through private placement. Meanwhile, the remaining 16.16 lakh units, valued at Rs. 1.61 Arba, were open for public subscription. Additionally, 5%, amounting to 80.80 thousand units, were specifically set aside for mutual funds. The overall funds to be generated from this issuance are expected to total Rs. 4.40 Arba.

    The “10% NIMB Debenture 2090” is aptly named, signifying its nature as a debenture with a maturity period spanning 10 years and a fixed coupon rate of 10%. Prabhu Capital Limited played the role of the issue manager throughout this process.

  • SuryaJyoti Life Insurance Company Holds Dividend for FY 2079/80 and Unveils Merger Details

    SuryaJyoti Life Insurance Company Holds Dividend for FY 2079/80 and Unveils Merger Details


    SuryaJyoti Life Insurance Company Limited (SJLIC) recently announced its decision to refrain from distributing dividends for the Fiscal Year 2079/80. This resolution emerged from discussions during the Board of Directors’ meeting held on Falgun 10, 2080, where comprehensive financial details of the fiscal year were deliberated.

    A notable development mentioned in the announcement is the successful merger of Surya Life Insurance Company Limited and Jyoti Life Insurance Company Limited. The merger, accomplished at a ratio of 1:0.8245, resulted in the formation of a unified entity known as “SuryaJyoti Life Insurance Company Limited.” The commencement of joint business operations took place on Poush 7, 2079.

    Formerly, Jyoti Life Insurance Company reported profits from Shrawan 1, 2079, to Poush 6, 2079. These profits have been allocated to the reserve fund of SJLIC. Additionally, a strategic decision has been made to consolidate all assets and liabilities, encompassing capital, reserves, investment amounts, and life insurance funds, into Suryajyoti Life Insurance Company Limited.

    As of the latest update, SJLIC is reported to have a Last Traded Price (LTP) of Rs. 491.20.

  • Last Day for Dividend: Siddhartha Premier Insurance & Swarojgar Laghubitta

    Last Day for Dividend: Siddhartha Premier Insurance & Swarojgar Laghubitta


     

    Today marks the deadline to claim the 11% cash dividend offered by Siddhartha Premier Insurance Limited (SPIL). The company has scheduled its 30th Annual General Meeting (AGM) for the 30th of Falgun, 2080. This gathering will take place at Lisara Receptions, Bhagwati Bahal, Kathmandu, commencing at 11:00 a.m.

    During the 19th Board of Directors meeting held on Magh 21, it was decided to distribute an 11% cash dividend, inclusive of taxes. The total value of this dividend amounts to Rs. 30.87 crores. SPIL currently maintains a paid-up capital of Rs. 2.80 Arba.

     

  • Nepal’s Cement and Clinker Exports Surge: Rs. 2.6 Arba in Seven Months; Magh Records Rs. 29 Crores

    Nepal’s Cement and Clinker Exports Surge: Rs. 2.6 Arba in Seven Months; Magh Records Rs. 29 Crores


    The Department of Customs has reported a significant increase in cement and clinker exports from Nepal to India, totaling Rs. 2.6 Arba during the first seven months of the current fiscal year (from Shrawan to Magh). This represents a notable 168% rise compared to the previous fiscal year’s exports of Rs. 77.93 crores. Leading this surge are key players in Nepal’s cement industry, including Palpa Cement, Arghakhanchi Cement, and Balaji Cement, actively contributing to the upward trend. Particularly impressive is the month of Magh, where exports reached Rs. 29 crores, showcasing the strong demand for Nepalese cement and clinker in the Indian market. Over the seven months, a significant amount of 21 lakh 47 thousand 345 tons of cement and clinker have been exported to India.

     

  • Ghalemdi Hydro’s 200% Rights & Miteri Bank’s 9.50% Bonus Shares Listed on NEPSE

    Ghalemdi Hydro’s 200% Rights & Miteri Bank’s 9.50% Bonus Shares Listed on NEPSE


     

    NEPSE has listed 1,10,00,000 units of right shares for Ghalemdi Hydro Limited (GHL). Previously, GHL issued a 1:2 ratio right share, totaling the same number of units, from 10th Mangsir to 16th Poush, 2080. However, only 77,82,276 units were taken up by eligible shareholders, leaving 32,17,724 units unsubscribed. These remaining shares were auctioned off from 9th Magh to 23rd Magh, 2080.

     

  • Gold Dips Rs. 400/Tola; Silver Falls Rs. 15

    Gold Dips Rs. 400/Tola; Silver Falls Rs. 15


    The price of fine gold in Nepal dropped by Rs. 400 per tola, according to the latest update from FENEGOSIDA. Fine gold is now trading at Rs. 1,18,000 per tola, down from yesterday’s closing rate of Rs. 1,18,400 per tola. Similarly, Tejabi gold also saw a decrease of Rs. 400 per tola, with the current price standing at Rs. 1,17,450 per tola compared to yesterday’s closing price of Rs. 1,17,850 per tola.