Tag: Bikas

  • Muktinath Bikas Bank and Sadhana Laghubitta distributed bonus shares to shareholders’ demat accounts.

    Muktinath Bikas Bank and Sadhana Laghubitta distributed bonus shares to shareholders’ demat accounts.


    Muktinath Bikas Bank Limited (MNBBL) has given 13.5% bonus shares directly to its owners’ DEMAT accounts and encouraged them to dematerialize their shares.

    On 30th Poush, 2079, the bank had its 16th AGM for FY 2078/79. The AGM approved a dividend of 14.2105% for fiscal year 2078/79. The board of directors resolved on Poush 01 to disburse the dividend on the paid-up capital of Rs. 5.65 Arba. There was a proposal for 13.5% bonus shares worth Rs 76.37 crore and 0.7105% cash dividend (including bonus shares for tax purposes) of Rs 4.01 crore. Demat accounts are now receiving the same bonus dividend.

     

  • Pokhara Finance, Union Life Insurance Company, and Mahalaxmi Bikas Bank Bonus Shares Listed on NEPSE

    Pokhara Finance, Union Life Insurance Company, and Mahalaxmi Bikas Bank Bonus Shares Listed on NEPSE


    Pokhara Finance Limited (PFL) has launched 4,16,367.92 unit bonus shares on NEPSE.

    On 30th Poush, the business had its 26th AGM and approved a dividend of 4.21% for fiscal year 2078/79. The Board of Directors voted at its 512th meeting to pay a dividend of 4.21% on the paid-up capital of Rs. 1.04 Arba. A 4% bonus dividend of Rs. 4.16 crores was proposed, as well as a 0.21% cash dividend (for tax purposes) worth Rs. 21.85 lakhs. NEPSE now lists the same bonus shares.

    PFL ended yesterday at Rs. 378.50.

    Similarly, Union Life Insurance Company Limited (ULI) has 19,28,550 unit bonus shares listed on NEPSE.

     

  • Himalaya Urja Bikas Company Receives Electricity Regulatory Commission Approval to Issue 100% Right Shares

    Himalaya Urja Bikas Company Receives Electricity Regulatory Commission Approval to Issue 100% Right Shares


     

    Himalaya Urja Bikas Company Limited (HURJA) has been granted permission by the Electricity Regulatory Commission (ERC) to issue rights shares to the general public.

    The Electricity Regulatory Commission (ERC) has approved the distribution of right shares in a 1:1 ratio. The company proposed issuing right shares in a 1:2 ratio, or 200% of the company’s paid-up capital, at the board of directors meeting on Poush 05. The same agenda was approved at the company’s 22nd AGM, but it was subject to ERC approval. However, the board has now approved the issuance of the right shares in a 1:1 or 100% ratio rather than 1:2 or 200%.

     

  • Mahalaxmi Bikas Bank introduces new home and business loan schemes, lowering the interest rate to 12.99% with a special service charge discount.

    Mahalaxmi Bikas Bank introduces new home and business loan schemes, lowering the interest rate to 12.99% with a special service charge discount.


     

    In addition to the new year’s special offer, the bank is offering a 0.25% discount on the service charge for both of these loan schemes for female home/business owners for a limited time. According to the media statement, borrowers can also receive up to 100% of the cost of the home/building as a loan for a maximum of 30 years, as well as a special discount on the service fee.

    According to the media statement, the bank will provide loans for entrepreneurs with the best valuation of property, loan amount disbursed beforehand, and an attractive discount on in-service charge.

  • For fiscal year 2078/79, Kamana Sewa Bikas Bank (KSBBL) proposes 4.64% bonus shares and 0.23% cash dividend.

    For fiscal year 2078/79, Kamana Sewa Bikas Bank (KSBBL) proposes 4.64% bonus shares and 0.23% cash dividend.


     

    For the fiscal year 2078/79, Kamana Sewa Bikas Bank Limited (KSBBL) has proposed a dividend of 4.64%.

    The dividend will be paid from the company’s paid-up capital of Rs.3.14 Arba.

    A cash dividend of 0.23% and 4.41% bonus shares have been proposed. KSBBL has an LTP of Rs. 313 as of this writing. The proposed dividend must be approved by the central bank and approved by the upcoming AGM.

  • Reminder: Today is the last day to secure the dividend proposed by Jeevan Bikas Laghubitta and NMB Laghubitta.

    Reminder: Today is the last day to secure the dividend proposed by Jeevan Bikas Laghubitta and NMB Laghubitta.


    The dividend proposed by Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) and NMB Laghubitta Bittiya Sanstha Limited (NMBLB) is due today (NMBMF).

    Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has scheduled its 4th Annual General Meeting for 30th Chaitra, 2079. The meeting will begin at 10:30 a.m. that day in the company’s head office in Katahari, Morang.

     

  • SEBON Approves Mahalaxmi Debenture 2089 at 11%

    SEBON Approves Mahalaxmi Debenture 2089 at 11%


    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.

  • Jeevan Bikas Laghubitta Calls AGM on Chaitra 30; Proposed Dividend of 33.15% Reduced to Only 14.999%

    Jeevan Bikas Laghubitta Calls AGM on Chaitra 30; Proposed Dividend of 33.15% Reduced to Only 14.999%


    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

     

  • Shine Resunga Development Bank and Lumbini Bikas Bank Bonus Shares Launched on the NEPSE

    Shine Resunga Development Bank and Lumbini Bikas Bank Bonus Shares Launched on the NEPSE


    Shine Resunga Development Bank Ltd (SHINE) has launched 50,28,741.99 unit bonus shares on NEPSE.

    On the 25th Poush, the firm held its 14th AGM and approved a 14% dividend for fiscal year 2078/79. On the 7th of Mangsir 2079, the 266th meeting of the board of directors suggested a 14% dividend from the paid-up capital. The bank has a paid-up capital of Rs. 3.78 Arba. There was a proposal for 13.3% bonus shares worth Rs. 50.28 crores and a 0.7% cash dividend (including tax) of Rs 2.64 crores.

    Today, SHINE finished at Rs. 335.90.

     

  • Vijaya Laghubitta Calls an AGM on Chaitra 28 to Approve the 21.052% Dividend and Merger Agendas

    Vijaya Laghubitta Calls an AGM on Chaitra 28 to Approve the 21.052% Dividend and Merger Agendas


    Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) has scheduled its 10th Annual General Meeting for the 28th Chaitra, 2079. The meeting will begin at 11:30 a.m. in Bijaya Bikas Srot Kendra, Gaidakot, Nawalparasi.

    Among the other items on the agenda, the AGM will approve a 21.0526% dividend of Rs. 6.73 crores for fiscal year 2078/79. On March 10, the board of directors decided to distribute the dividend on the paid-up capital of Rs. 32 crores. The proposal is for 20% bonus shares worth Rs. 6.40 crores and 1.0526% cash dividend (for tax purposes) worth slightly more than Rs. 33.68 lakhs. The meeting will consider converting a maximum of 10% of the promoter shares to public shares so that the company’s promoter shares do not expire.

     

  • The final merger procedure between Sana Kisan Bikas and RMDC Laghubitta has been completed the swap ratio has been set at 1:0.87.

    The final merger procedure between Sana Kisan Bikas and RMDC Laghubitta has been completed the swap ratio has been set at 1:0.87.


    The ultimate merger procedure has been completed between Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC). On Bhadra 31, 2079, the firms signed a merger agreement.

    Similarly, the share exchange ratio between Sana Kisan and RMDC has been determined to be 1:0.87. Investors who now own 100 shares of RMDC Microfinance will get 87 shares of the amalgamated firm.

    Similarly, it has been decided to nominate 2-2 persons from each institution’s promoter group, 1-1 person from the general group, and 1 person as an expert director, in accordance with the terms of the Bank and Financial Institutions Act of 2073.

  • Jeevan Bikas Laghubitta Modifies the Dividend Rate for Fiscal Year 2078/79

    Jeevan Bikas Laghubitta Modifies the Dividend Rate for Fiscal Year 2078/79


    Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has reduced the dividend rate for fiscal year 2078/79 from 37.3684% to 33.15%.

    The 72nd meeting of the board of directors, held on Falgun 06, resolved to give a dividend of Rs. 1.03 Arba on the paid-up capital. A cash dividend of 9.3684% and 28% bonus shares had been recommended.

    The dividend was to be paid only after clearance from Nepal Rastra Bank and approval from the company’s future AGM. The dividend has been changed in accordance with Nepal Rastra Bank’s directives. As a result, a new dividend rate of 26% Bonus dividend and 7.15% cash dividend has been recommended.

    Consequently, the bonus shares are valued at Rs. 26.89 crores, while the cash dividend is valued at Rs. 7.39 crores.