Tag: director

  • Deprosc Laghubitta (DDBL) Announces Book Closure Date for Cash Dividend of 21.052%

    Deprosc Laghubitta (DDBL) Announces Book Closure Date for Cash Dividend of 21.052%


    Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has announced the book closure date for its 21.052632% dividend worth Rs. 29.21 crores for fiscal year 2078/79 and has scheduled the 21st Annual General Meeting for Falgun 30, 2079. The meeting will take place at the Hotel Seven Stars in Sauraha, Chitwan.

    Among the other items on the agenda, the AGM will approve a 21.052632% dividend of Rs. 29.21 crores for fiscal year 2078/79. The 325th meeting of the board of directors, held on Poush 25, decided to distribute a dividend

     

  • Chhimek Laghubitta (CBBL) Announces Book Closure Date for its Cash Dividend of 25.26%

    Chhimek Laghubitta (CBBL) Announces Book Closure Date for its Cash Dividend of 25.26%


    Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) has unveiled the book closure date for its 25.26% dividend worth Rs. 58.70 crores for the fiscal year 2078/79 and has called the 21st AGM on Chaitra 10, 2079. The meeting will be held in Hetauda, Makawanpur, starting at 11 am that day.

    Among the other agendas, the AGM will endorse a 25.26% dividend for the fiscal year 2078/79. The 282nd meeting of the board of directors held on Poush 27 decided to distribute the dividend on the paid-up capital of Rs. 2.32 Arba. 22% bonus shares worth Rs 51.13 crores and 3.26 % cash dividend (including tax) worth Rs 7.57 crore have been proposed.

     

  • Radhi Bidyut Corporation and Himalayan Bank Bonus Shares are Now Listed on the NEPSE

    Radhi Bidyut Corporation and Himalayan Bank Bonus Shares are Now Listed on the NEPSE


    Radhi Bidyut Company Limited (RADHI) has launched 7,59,990.842 unit bonus shares on NEPSE.

    The company’s AGM, held on Poush 28, 2079, approved a 5% dividend for fiscal year 2078/79. The board of directors of the firm met on the 5th of Poush 2079 and suggested a 5% dividend from the paid-up capital. The firm has a paid-up capital of Rs. 1.59 Arba. A cash dividend of 0.25% (including tax) and 4.75% bonus shares were proposed. NEPSE now lists the same bonus shares.

    Yesterday, RADHI closed at Rs. 262.10.

    Similarly, Himalayan Bank Limited (HBL) has launched 1,03,74,980.58 unit bonus shares on NEPSE.

    The company’s 30th AGM, held on Poush 28, 2079, approved a 19.11% dividend for fiscal year 2078/79. On Poush 05, the 427th board of directors meeting resolved to disburse the dividend on paid-up capital. Bonus shares worth 11.11% and cash dividends of 8% were suggested.

    NEPSE now lists the same bonus shares. HBL’s LTP is Rs. 285.

    Himalayan Bank Limited (HBL) and Civil Bank Limited (CBL) have finalized their merger, and the combined operation will commence on Falgun 12 under the name “Himalayan Bank Limited.” The business signed a merger agreement with a swap ratio of 100: 80.28.

  • Sabaiko Laghubitta Approves 18.95% Dividend for Fiscal Year 2078/79

    Sabaiko Laghubitta Approves 18.95% Dividend for Fiscal Year 2078/79


    Sabaiko Laghubitta Bittiya Sanstha Limited (SABSL) has scheduled its 6th Annual General Meeting on the 26th of Falgun, 2079. The conference would begin at 10 a.m. that day at the Marsyangdi River View Resort in Bandipur.

    Among the other items on the agenda, the AGM will approve an 18.95% dividend of Rs. 5.11 crores for fiscal year 2078/79. On March 11, the board of directors resolved to disburse the dividend on the paid-up capital of Rs. 27 crores. Tax-free bonus shares of 18% and a cash dividend of 0.95% have been suggested. Thus, the bonus shares are worth little more than Rs. 4.86 crores, and the cash dividend is worth slightly more than Rs. 25.57 lakhs.

    There is also a plan to approve the auditor’s report containing PL statements, financial reports, and cash flow reports for fiscal year 2078/79 and select an auditor for fiscal year 2079/80. During the meeting, the proposal to provide the Board of Directors authority to monitor any company-related merger or acquisition procedures will be adopted.

    The book will be closed on February 14th. As a result, shareholders who held shares prior to that date are entitled to dividends and are welcome to attend this AGM.

  • Janautthan Samudayic Laghubitta proposes a 15.789% dividend of Rs 2.33 per share.

    Janautthan Samudayic Laghubitta proposes a 15.789% dividend of Rs 2.33 per share.


     

    For the fiscal year 2078/79, Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB) has proposed a 15.7895% dividend worth Rs. 2.33 Crores.

    The board of directors decided on March 29 to distribute a 15.7895% dividend for fiscal year 2078/79, with 15% bonus shares and a 0.7895% cash dividend proposed from the paid-up capital of Rs. 14.79 Crores. As a result, the bonus shares are worth slightly more than Rs. 2.21 crore, and the cash dividends are worth Rs. 11.67 lakhs.

     

  • 10.526% Dividend Distribution of NADEP Laghubitta Has Been Canceled

    10.526% Dividend Distribution of NADEP Laghubitta Has Been Canceled


    From the 176th meeting of the board of directors of NADEP Laghubitta Bittiya Sanstha Limited (NADEP) held on Magh 10, the company had proposed 10% bonus shares and 0.526% cash dividend (tax purposes) from the distributable profits and accumulated profits of 2078/79.

    Previously, the Chitwan-based Deprosc Laghubitta (DDBL) signed an initial agreement to acquire Dhading-based Nadep Laghubitta on Poush 15, 2077. However, the disagreement in share ratio and employee structuring has led the companies to ditch the merger agreement.

     

  • Ngadi Group Power Limited proposes a 5% dividend for the fiscal year 2078/79

    Ngadi Group Power Limited proposes a 5% dividend for the fiscal year 2078/79


    For the fiscal year 2078/79, Ngadi Group Power Limited (NGPL) has proposed a 5% dividend.

    The board of directors decided on Falgun 1 to distribute the dividend on the paid-up capital of Rs. 1.76 Arba. A cash dividend of 0.25% and 4.75% bonus shares (for tax purposes) have been proposed.

     

  • Civil Laghubitta Holds AGM on February 29 to Approve 11.58% Dividend;

    Civil Laghubitta Holds AGM on February 29 to Approve 11.58% Dividend;


    Civil Laghubitta Bittiya Sanstha Limited (CLBSL) has called its 11th AGM on 29th Falgun, 2079. The meeting will be held in Bougainvilla Events, Tripureshwor-11, Kathmandu, starting from 11 AM that day.

    Among the other agendas, the AGM will endorse an 11.58% dividend for the fiscal year 2078/79. The board of directors meeting decided to distribute the dividend on the paid-up capital of Rs. 28.81 Crores11% bonus shares and 0.58% cash dividend (for tax purposes) have been proposed by the company. Thus, the bonus shares are worth slightly over Rs. 3.16 crores and the cash dividend is worth slightly over Rs. 16.68 lakhs. The meeting will also elect an independent director and convert the promoter to public shareholding ratio from 60: 40 to 51:49.

     

  • Prabhu Insurance Company Will Hold An AGM On February 23rd; The Company Will Endorse 7.05%

    Prabhu Insurance Company Will Hold An AGM On February 23rd; The Company Will Endorse 7.05%


     

    Prabhu Insurance Company Limited (PRIN) has called its 27th AGM on 23rd Falgun, 2079. The meeting will be held in the company’s head office located at Tinkune, Kathmandu, starting at 11 AM that day.

    Among the other agendas, the AGM will endorse a 7.05% dividend for the fiscal year 2078/79. The 414th meeting of the board of directors held on Poush 24 decided to distribute the dividend on the paid-up capital of Rs. 1.28 Arba. 6.70% bonus shares worth Rs 8.64 crores and 0.35% cash dividend (for tax) worth slightly over Rs 45.47 lakhs have been proposed.

     

  • Nepal Telecom – NTC 5G Trial Commences in Nepal

    Nepal Telecom – NTC 5G Trial Commences in Nepal


    Nepal Telecom (NTC), the country’s state-owned telecoms operator, has officially launched its long-awaited 5G trial to commemorate the company’s 19th anniversary. Nepal Telecom, the country’s state-owned telecom operator, had previously postponed 5G testing due to a lack of a device ecosystem. To commemorate its 19th anniversary, the telco tested its 5G cellular network in Babarmahal and Sundhara.

    Spectrum

    The network deployed in the Kathmandu districts of Sundhara and Babarmahal is using the 60 MHz spectrum in the 2600 MHz band given by the government. The 2600 MHz band provides a good balance of speed and coverage. According to a Nepalitelecom report, the trials are not available to the public and are conducted internally.

    The initial trials, which were supposed to begin in January 2023, have already begun one month later than projected. Nepal Telecom’s July 2021 trials were canceled when a change in administration hindered the requisite spectrum allocation.

    Sunil Paudel, MD of Nepal Telecom (NTC), has formally declared the launch of the long-awaited 5G experiment. However, no official launch date for 5G has been announced, however, officials have stated that it “should launch shortly.” Managing Director Sunil Paudel noted in a progress update on the company’s planned 5G rollout that Nepal Telecom (NT) has yet to evaluate the capabilities of its present mobile infrastructure to handle commercial 5G services in the future.

    Non-Standalone 5G (NSA)

    Nepal Telecom Corporation (NTC) will begin its 5G testing using Non-standalone (NSA) architecture and subsequently advance to Standalone architecture (SA). By changing the basic software, the NSA allows the operator to launch its 5G network on its existing 4G LTE infrastructure. The business has already developed two 5G-ready sites in Babarmahal and Sundhara. NTC is now testing available 5G devices on the network in Babarmahal and Sundhara, having installed the essential equipment at both locations.

  • Shangrila Development Bank Announces 8.983% Dividend Worth Rs 27.04 Crores for FY 2078/79

    Shangrila Development Bank Announces 8.983% Dividend Worth Rs 27.04 Crores for FY 2078/79


    Shangrila Development Bank Limited (SADBL) has proposed a dividend of 8.983% amounting to Rs. 27.04 crores for fiscal year 2078/79. The board of directors decided on Magh 26 to distribute the dividend on the paid-up capital of Rs. 3.01 Arba. There has been proposed an 8.534% bonus share and a 0.449% cash dividend (for tax purposes). Thus, the bonus shares are worth slightly more than Rs. 25.69 crores, and the cash dividend is worth slightly more than Rs. 1.35 crores.

     

     

  • Union Life Insurance convenes its 5th AGM; endorses 8.97% bonus shares

    Union Life Insurance convenes its 5th AGM; endorses 8.97% bonus shares


    Union Life Insurance Company held its 5th Annual General Meeting (AGM) for the fiscal year 2077-78 on Magh 26, 2079, under the leadership of its Board of Directors, Mr. Sandeep Kumar Agrawal. According to the media statement, the AGM approved the financial reports for the previous fiscal year and decided on the remuneration of its auditor as well as the meeting allowances for its BoDs.