Tag: Chairman

  • SEBON Chairman Hamal accuses 50 brokers of consuming up to 70% profit.

    SEBON Chairman Hamal accuses 50 brokers of consuming up to 70% profit.


     

    During a recent Finance Committee meeting, Chairman Ramesh Kumar Hamal of the Securities Board of Nepal (SEBON) accused a group of 50 brokers of taking away a significant portion, around 70%, of the profits. Chairman Hamal mentioned that he has addressed the investors’ demands over the past 15 years.

    Chairman Hamal highlighted that the capital market investors’ longstanding requests for an open broker system and licenses for subsidiary companies of banks have finally been fulfilled. This milestone signifies the first instance in Nepal where three types of broker services have received official licenses.

     

  • Investors Association Demands SEBON Address Ten Major Issues

    Investors Association Demands SEBON Address Ten Major Issues


     

    The Investors’ Association has focused significant attention on the financial and psychological effects of the stock market on regular investors, which have been steadily declining for a long time.

    Despite the fact that over 55 lakh investors lost a total of nearly Rs. 15 Kharba following the all-time high market capitalization on August 18, 2021, the relevant authorities have remained silent on the subject.

  • Prabhu Capital has been appointed as the share registrar for Sagarmatha Jalvidhyut Company

    Prabhu Capital has been appointed as the share registrar for Sagarmatha Jalvidhyut Company


     

    Prabhu Capital has been appointed as the share registrar for Sagarmatha Jalvidhyut Company.

    According to the statement, the agreement was signed on Chaitra 20, 2079 by the chairman of the hydro company, Dr. Bhogendra Kumar Guragain, and the CEO of the Merchant bank, Mr. Aasis Gauchan.

  • Nerude and Mirmire Laghubitta Sign Merger Agreement

    Nerude and Mirmire Laghubitta Sign Merger Agreement


     

    According to the Nepal Stock Exchange, the final merger agreement between Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) and Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) has been completed and approved (MEPSE).

    Poush 11, where the chairman of both organizations signed a memorandum of understanding for merger, the companies had signed a memorandum of understanding for merger.

  • Prudential Insurance Corporation supports 3.32% bonus shares and 0.17% cash dividend. Prudential Insurance Corporation supports 3.32% bonus shares and 0.17% cash dividend.

    Prudential Insurance Corporation supports 3.32% bonus shares and 0.17% cash dividend. Prudential Insurance Corporation supports 3.32% bonus shares and 0.17% cash dividend.


    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.

  • Kantipur Television Network will hold its annual general meeting on Chaitra 17 and will issue public shares at a premium price.

    Kantipur Television Network will hold its annual general meeting on Chaitra 17 and will issue public shares at a premium price.


    Kantipur Television (KTV) is a private television station based in Kathmandu, Nepal. Kailash Sirohiya is the chairman and managing director. KTV, which debuted in July 2002, is licensed for both terrestrial and satellite transmission. Tinkune is the headquarters of Kantipur Television. On the 17th Chaitra, 2079, Kantipur Television Network Limited will hold its Special General Meeting (SGM). The meeting will begin at 1 PM in the company’s headquarters in Tinkune, Kathmandu.

     

  • Infinity Laghubitta holds its sixth annual general meeting and approves the 20% dividend proposal to its shareholders.

    Infinity Laghubitta holds its sixth annual general meeting and approves the 20% dividend proposal to its shareholders.


    On Falgun 14, 2079, Infinity Laghubitta held its sixth annual general meeting (AGM) for the fiscal year 2078–2079 under the direction of its chairman, Mr. Bala Ram Bista.

    The AGM has approved the board’s request to distribute 20% bonus shares worth Rs 8.29 crore to its shareholders from the profit it had generated in the prior fiscal year, in addition to the usual financial reports.

    According to a press release, the AGM also featured a leadership symposium for the firm’s staff, and the company also recognized its top performers.