Prudential Insurance had its 21st Annual General Meeting (AGM) on Chaitra 16, 2079, under the chairmanship of Mr. Vishal Agrawal.
Apart from standard financial reports, the AGM approved a taxation proposal of 3.325% bonus shares and 0.17% cash dividend. According to the media announcement, the company’s paid-up capital would increase to Rs 1.22 arba.
Sagarmatha Jalvidyut Company Limited’s initial public offering (IPO) was completed today at Prabhu Capital Limited’s Kamaladi headquarters.
Out of the total 43,68,000 units authorized for the general public, 10%, or 436,800 units, have already been issued and distributed to Nepalese people working abroad, 5%, or 218,400 units, have been put aside for mutual funds, and 3%, or 131,040 units, have been set aside for firm workers.
The remaining 35,81,760 units were distributed to the general population between the 8th and 12th Chaitra, 2079.
Following the IPO, the company’s paid-up capital will be Rs. 1.12 Arba. Moreover, the promoter-public share ratio would be 51: 49.
The problem has received 13,93,153 genuine applications.
Neco Insurance Limited (NIL) has distributed 15% bonus shares to its shareholders’ DEMAT accounts. The company has requested that its shareholders dematerialize their shares.
On the 15th of Magh, 2079, the company held its 27th AGM for the fiscal year 2078/79. The AGM approved a dividend of 15.79% for fiscal year 2078/79. On Mangsir 18, the 434th meeting of the board of directors decided to distribute the dividend on the paid-up capital of Rs. 1.749 Arba. There was a proposal for 15% bonus shares worth Rs. 26.24 crores and a 0.79% cash dividend (including tax) worth slightly more than Rs. 1.38 crores. The same bonus shares have now been transferred to Demat accounts.
Modi Energy Limited is closing the issue of 29,00,000 units of IPO shares to the project-affected locals today i.e. on 16th Chaitra 2079. The problem had begun on the 25th of Falgun, 2079.
The company’s issued capital is Rs. 2.9 Arba, of which 10%, or 29,00,000 unit shares worth Rs. 29 crores, have been allocated to project-affected Parbat District residents. Meanwhile, 15% of the company’s issued capital, or 43,50,000 unit shares, will be made available to the general public later. This public issue, which closed on the 9th Chaitra, allocated 10% of the shares totaling 435,000 units to Nepalese citizens working abroad.
NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has scheduled its 5th Annual General Meeting for 10th Baisakh, 2080. The meeting will begin at 9 a.m. that day in Hotel Gajur Palace – Hotel in Dharan, Sunsari.
Among the other items on the agenda, the AGM will approve a 14.75% cash dividend for fiscal year 2078/79. The board of directors decided to pay out the entire dividend in cash at their meeting on Falgun 21. Because the company’s paid-up capital is Rs. 1,73,94,40,000, the cash dividend is worth slightly more than Rs. 25,65,67,400.
Gurans Life Insurance Company Limited (GLICL) has scheduled its 13th Annual General Meeting for the 6th of Baisakh, 2080. The meeting will begin at 10:30 a.m. that day at the company’s headquarters in Tinkune, Kathmandu.
Among the other items on the agenda, the AGM will approve 13.2712772% bonus shares for fiscal year 2078/79. The Board of Directors decided on Chaitra 09 to distribute 13.2712772% bonus shares for fiscal year 2077/78. The dividend will be paid from the company’s paid-up capital of Rs. 2,23,93,70,000. The bonus shares are thus worth Rs. 29,71,93,000. Pass the resolution to amend the Articles of Association to reflect the increased capital of the company as a result of the issuance of bonus shares.
On Chaitra 05, 2079, the Securities Board of Nepal (SEBON) authorized the “11% Mahalaxmi Debenture 2089.”
Mahalaxmi Bikas Bank Limited (MLBL) plans to issue 10 lakh unit debentures at Rs 1000 per unit. During a period of ten years, the bank will give an interest rate of 11% on the debenture.
Out of the total number of units given, 4 lakh will be made available to the general public and 6 lakh would be made available for private placement.
The issue manager is NIC Asia Capital. The offering would generate a total of Rs 1 Arba.
From today (14th Chaitra), Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) is delivering 3.26% cash dividends straight to its shareholders’ bank accounts and has asked them to dematerialize their shares.
On Chaitra 10, 2079, the firm had its 21st AGM for the fiscal year 2078/79. The board of directors approved a 25.26% dividend for fiscal year 2078/79. The 282nd meeting of the board of directors, held on Poush 27, resolved to give a dividend of Rs. 2.32 Arba on the paid-up capital. There was a proposal for 22% bonus shares worth Rs 51.13 crores and a 3.26% cash dividend (including tax) of Rs 7.57 crore. The same cash dividend is now paid out.
Furthermore, the corporation has asked owners to dematerialize their shares if their bank information has not been updated.
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The financial highlights for the month of Falgun have been published by NIC Asia Balanced Fund (NICBF), a 10-year close-end mutual fund scheme managed by NIC Asia Capital. The period’s NAV was Rs. 10.73, which was lower than the previous month’s NAV of Rs. 11.26.
The scheme started with a Rs. 75.50 crore fund, including seed capital from the fund sponsor. The scheme has spent Rs. 43.10 crores on listed company shares and Rs. 19.52 crores on debentures. Non-listed shares are worth Rs. 1.34 crores. The amount invested in fixed deposits is Rs. 9 crores, and the bank balance is Rs. 4.38 crores.
Nepal SBI Bank Limited (SBI) has listed 29,47,755.9338 unit bonus shares on NEPSE.
On the 25th of Poush, 2079, the company held its 29th AGM for the fiscal year 2078/79. For fiscal year 2078/79, the board of directors approved a 10.53% dividend of Rs. 1.03 Arba. On Mangsir 12, 2079, the 492nd board of directors decided to distribute a 10.53% dividend on the paid-up capital of Rs. 9,82,58,53,113, with 3% bonus shares worth Rs. 29,47,75,594 and 7.53% cash dividend (including tax) worth Rs 73,98,86,735 endorsed. NEPSE now lists the same bonus shares.
Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) has reduced the dividend percentage from 25% to 15% for fiscal year 2078/79.
On Poush 25, the board of directors decided to distribute 20% bonus shares and 5% cash dividend (including tax) from the paid-up capital of Rs. 28.21 Crores. The company proposed a Rs. 5.64 crore bonus dividend and a Rs. 1.41 crore cash dividend, for a total of Rs. 7.05 crores.
Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has scheduled its 4th Annual General Meeting for 30th Chaitra, 2079. The meeting will be held in the company’s head office located at Katahari, Morang, starting at 10:30 PM that day.
Among the other items on the agenda, the AGM will approve a 14.99% dividend for fiscal year 2078/79. The company decided to pay out a dividend of Rs. 1.03 Arba on its paid-up capital. The proposal includes 14.285% bonus shares worth Rs. 14.77 crores and a 0.714% cash dividend worth Rs. 73.87 lakhs. The tax amount levied on the dividend is included in the