Tag: declared

  • Mahalaxmi Bikas Bank Calls 22nd AGM: Proposes 6.40% Cash Dividend and Discusses Key Agendas

    Mahalaxmi Bikas Bank Calls 22nd AGM: Proposes 6.40% Cash Dividend and Discusses Key Agendas


    Mahalaxmi Bikas Bank Limited (MLBL) has scheduled its 22nd Annual General Meeting (AGM) for the 28th of Poush, 2080. The venue for the meeting is set at Lainchour Banquet in Lainchaur, Kathmandu, starting at 10 am.

    One of the key agenda items for the AGM is the endorsement of a 6.40% cash dividend for the fiscal year 2079/80. The decision to distribute this dividend on the paid-up capital of Rs. 4.17 Arba was made during the 579th meeting of the board of directors on Poush 3. The proposed 6.40% cash dividend, inclusive of tax, amounts to Rs 26.69 Crore.

    Additionally, another agenda involves the approval of the auditor’s report, including profit and loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 is also on the agenda. The meeting will also address the consideration of increasing the meeting allowances and other facilities for the board of directors.

    The book closure date is set for Poush 19. Shareholders holding shares before this date will be eligible for the dividend payout and are invited to attend the AGM.

  • “NIBL Pragati Fund Declares 6.8% Cash Dividend for FY 2079/80; Book Closure Soon”

    “NIBL Pragati Fund Declares 6.8% Cash Dividend for FY 2079/80; Book Closure Soon”


     

    NIBL Pragati Fund (NIBLPF) has announced a 6.8% cash dividend for its shareholders for the fiscal year 2079/80. This decision was made during the 112th Board of Directors (BOD) meeting held on Shrawan 13th. The dividend amounts to Rs. 5.10 Crores for the recently concluded financial year, and the book closure date for this dividend distribution will be announced later.

    NIBL Pragati Fund (NIBLPF) is a 7-year closed-end mutual fund scheme that started with an initial fund of Rs. 75 crore. As of the end of Shrawan in 2080, the fund’s Net Asset Value (NAV) is Rs. 10.48.

     

  • “SFMF Plans 16% Cash Dividend; Book Closure Notice Coming Soon”

    “SFMF Plans 16% Cash Dividend; Book Closure Notice Coming Soon”


     

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    Sunrise First Mutual Fund (SFMF) has announced a 16% cash dividend amounting to Rs 13.76 crore, inclusive of taxes, for its unit holders. The specific date for closing the dividend distribution will be released soon, according to the provided statement.

    SFMF, supported by Sunrise Bank and overseen by Sunrise Capital, is a closed-end fund with a maturity period of 10 years and a total size of Rs 86 crore. As of the end of Ashad, its Net Asset Value (NAV) is recorded at Rs. 12.92.

  • ublic Holiday Declared in Kathmandu Valley, NEPSE to Remain Closed

    ublic Holiday Declared in Kathmandu Valley, NEPSE to Remain Closed


    Government Declares Public Holiday in Kathmandu Valley Districts for Bhoto Jatra Celebration

    The government of Nepal has announced a public holiday in three districts of the Kathmandu valley. According to a press release issued by the Home Ministry, Thursday has been declared a public holiday in observance of the Bhoto Jatra festival. This announcement aims to facilitate the celebration of the festival in Kathmandu valley.

    In light of this decision, all government offices, as well as banks and financial institutions, will remain closed on the designated holiday. The Bhoto Jatra festival is a significant event that marks the conclusion of the month-long Rato Machhendranath Jatra.

    This public holiday provides an opportunity for residents and visitors in the Kathmandu valley to participate in the festivities and cultural traditions associated with Bhoto Jatra. It is a time for celebration, reflection, and honoring the rich heritage of Nepal.