Tag: Discuss

  • Star Micro Insurance Calls AGM to Discuss IPO Issuance Agenda

    Star Micro Insurance Calls AGM to Discuss IPO Issuance Agenda


    Star Micro Insurance Company Limited has scheduled its inaugural Annual General Meeting (AGM) for the 27th of Falgun, 2080, at its Registered Office on Durbarmarga, Kathmandu, commencing at 11:00 AM. The AGM’s agenda encompasses the approval of the company’s annual report, endorsement of the auditor’s report for the fiscal year 2079/80, including Profit and Loss (PNL) statements, financial reports, and cash flow reports, and the selection of an auditor for the fiscal year 2080/81, along with determining their remuneration.

     

  • AGM Called by Asian Life Insurance to Discuss Right Issuance and Dividend Proposal

    AGM Called by Asian Life Insurance to Discuss Right Issuance and Dividend Proposal


    Asian Life Insurance Company Limited (ALICL) has scheduled its 16th Annual General Meeting (AGM) for the 18th of Falgun, 2080. The meeting will take place at Hotel Classic Plaza in Simara, Bara, starting at 11:30 AM on that day.

    Among the agenda items, the AGM will approve the issuance of right shares and declare an 8.1578% dividend for the fiscal year 2079/80. In a board meeting held on Magh 12, the board of directors decided to distribute 7.75% bonus shares and a 0.4078% cash dividend (for tax purposes). The bonus shares are valued at Rs. 24.45 crores, while the cash dividend amounts to slightly over Rs. 1.28 crores. ALICL’s current paid-up capital stands at Rs. 3.15 billion.

     

  • Purwanchal Lube Oil Limited Announces 24th AGM with Key Agendas and Company Overview

    Purwanchal Lube Oil Limited Announces 24th AGM with Key Agendas and Company Overview


    Purwanchal Lube Oil Limited has scheduled its 24th Annual General Meeting (AGM) for the 29th of Poush, 2080. The venue for the meeting is set to be the Company Register Office in Sundarharaicha, Morang, Biratchowk, commencing at 11 AM on the specified day.

    The proposed agendas for the AGM include the endorsement of the company’s annual report, approval of the auditor’s report for the fiscal year 2079/80, along with Profit and Loss (PNL) statements, financial reports, and cash flow reports. Additionally, the AGM will address the appointment of auditors and the determination of their remuneration for the fiscal year 2080/81. Other items on the agenda involve the proposal of cash dividends (including tax) and bonus shares for existing shareholders, the issuance of an Initial Public Offering (IPO) to the general public, and the passage of resolutions related to necessary amendments to the company’s rules and regulations.

    Furthermore, the AGM aims to authorize the Board of Directors to modify the Articles of Association and Regulations, allowing for adjustments or additions related to the issuance of primary shares in accordance with directives from regulatory bodies.

    Established in 2000 by Purwanchal Lube Oil Pvt Ltd, Purwanchal Lube Oil (PLO) has become a prominent lubricant brand in the Nepali market. Over the past 23 years, the company has been manufacturing Engine Oil, Lubricants, Grease, and other petroleum products. PLO has successfully distributed its products through a network of more than 93 dealers and over 11,000 retailers across Nepal, offering a variety of imported lubricant brands.

  • Butwal Power Company Calls 31st AGM: Endorses 5% Dividend and Proposes FPO

    Butwal Power Company Calls 31st AGM: Endorses 5% Dividend and Proposes FPO


    Butwal Power Company Limited (BPCL) has announced its 31st Annual General Meeting (AGM) scheduled for the 29th of Poush, 2080, corresponding to January 14, 2024. The meeting is set to take place at Karki Banquet, Babarmahal, Kathmandu, starting at 11 am on the specified day.

    Among the various agendas to be discussed at the AGM, one notable item is the endorsement of a 5 percent dividend for the fiscal year 2079/80. The decision to distribute a 5% cash dividend on the paid-up capital of Rs. 3.4 Arba was made during the board of directors’ meeting on Mangsir 29.

    Additionally, the AGM will address the endorsement of the auditor’s report, covering 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. Another crucial topic for discussion is the proposal from the Board of Directors to issue 1 Crore units of Follow-on Public Offering (FPO) shares at a par value of Rs. 100. The current paid-up capital of the company stands at Rs. 3.40 Arba, and after the FPO issuance, it will increase to Rs. 4.40 Arba.

    The book closure date has been specified from Poush 19 to Poush 29. Shareholders maintaining their shares until this date are entitled to the dividend payout and are also eligible to attend the AGM.

  • #Commercial Banks – Which one is best among all at the moment? Let’s discuss it!!!

    #Commercial Banks – Which one is best among all at the moment? Let’s discuss it!!!


    Let’s discuss which commercial bank you think is best to accumulate at the moment. Or, which bank are you waiting eagerly to come to your price? Please put your analysis and logic why you choose that particular scrip.

    View on r/NepalStock by AcadBuddy

  • “Mai Khola Hydropower Calls AGM on 9th Ashwin to Discuss 100% Right Shares Issuance”

    “Mai Khola Hydropower Calls AGM on 9th Ashwin to Discuss 100% Right Shares Issuance”


     

    Mai Khola Hydropower Limited (MKHL) has scheduled its Annual General Meeting (AGM) for the 9th of Ashwin, 2080. The meeting will take place at Lord Party Venue in Dhumbarahi, Kathmandu, commencing at 9 a.m.

    The AGM’s agenda includes the following items:
    1) Approval of the financial reports for the fiscal year 2079/80.
    2) Endorsement of the auditor’s report, including PL statements, financial reports, and cash flow reports.
    3) Confirmation of the auditor’s appointment for the fiscal year 2080/81.
    4) Ratification of decisions and actions taken by the Board of Directors.
    5) Authorization to issue 100% right shares from the current paid-up capital of Rs. 31.21 Crores.
    6) Consideration of changing the company’s location.
    7) Amendment of the Articles of Association following an increase in the authorized, issued, and paid-up capital of the company.
    8) Miscellaneous matters.

  • Barun Hydropower Company Limited (BARUN) Calls Special General Meeting to Discuss 1:1 Rights Offering and Amendments

    Barun Hydropower Company Limited (BARUN) Calls Special General Meeting to Discuss 1:1 Rights Offering and Amendments


    Barun Hydropower Company Limited (BARUN) has announced its plans to hold a Special General Meeting (SGM) on the 14th of Shrawan, 2080. The meeting is scheduled to take place at Lord Party Venue in Dhumbarahi and will commence at 1 pm.

    During the SGM, BARUN will propose a 1:1 ratio rights offering, equivalent to 100% of the company’s paid-up capital, which currently stands at Rs. 53.58 Crores. It is important to note that the issuance of these right shares is subject to approval from the regulatory bodies. If approved, the issuance will result in an increase in the company’s paid-up capital to Rs. 1.07 Arba.

    Considering the potential increase in the company’s capital after the issuance of the right shares, the SGM will also address the need for amending relevant sections of the Articles of Association. The purpose of these amendments is to align the Articles of Association with the updated capital structure. Furthermore, the shareholders will be asked to grant full authority to the Board of Directors (BoDs) to carry out the necessary work related to the amendments, as guided by the regulatory board.

    It should be noted that the book closure date for the SGM is set for Shrawan 05. Shareholders who maintain their ownership before this date will be eligible to attend the meeting and participate in the decision-making process.

  • Ngadi Group Power Limited (NGPL) Calls Special General Meeting (SGM) to Discuss Right Shares and Other Agendas

    Ngadi Group Power Limited (NGPL) Calls Special General Meeting (SGM) to Discuss Right Shares and Other Agendas


    Ngadi Group Power Limited (NGPL) has scheduled a Special General Meeting (SGM) to take place on the 14th of Shrawan, 2080. The meeting will be held at Lord Party Venue in Dhumbarahi and is set to commence at 10 am on that day.

    The SGM will address several important agendas, including the endorsement of 100% right shares based on the company’s current paid-up capital of Rs. 1.85 Arba. Another item on the agenda is the proposed change in the company’s location, which will require amending the Articles of Association subsequent to the issuance of the right shares. The shareholders will be asked to grant full authority to the Board of Directors (BoDs) to execute the necessary actions related to these amendments in accordance with the guidance provided by the regulatory board. Additionally, the meeting will discuss the repayment of debt incurred by the company.

    It is important to note that the book closure date is set for Shrawan 04. Shareholders who maintain their ownership before this date will be eligible to attend the SGM.

  • Announcement: Nepal Infrastructures Investment Fund Limited Calls 1st Special General Meeting to Discuss Key Agendas and Shareholder Participation

    Announcement: Nepal Infrastructures Investment Fund Limited Calls 1st Special General Meeting to Discuss Key Agendas and Shareholder Participation


    Nepal Infrastructures Investment Fund Limited has announced its plans to hold the 1st Special General Meeting (SGM) on the 7th of Shrawan, 2080. The meeting will take place in Jhamsikhel, Lalitpur, and is scheduled to commence at 10 am on the aforementioned day.

    The SGM will address several important agendas that require the attention and participation of the shareholders. Firstly, there will be a proposal to amend the Articles of Association, which are the fundamental rules governing the company’s operations. This suggests that certain changes or updates are being considered to ensure the smooth functioning and adaptability of the organization.

    Additionally, another significant item on the agenda is the issuance of 100% right shares from the company’s paid-up capital. This means that existing shareholders will have the opportunity to acquire additional shares in proportion to their existing holdings. The Board of Directors (BODs) will be entrusted with the responsibility of overseeing this process, granting them full authority in its execution.

    Furthermore, the meeting aims to discuss the recruitment of strategic founding investors following the issuance of the right shares. This indicates the company’s intention to bring in new investors who can contribute strategically to the growth and development of the organization. By attracting these investors, Nepal Infrastructures Investment Fund Limited aims to strengthen its financial position and gain valuable expertise and resources.

    It is important to note that the book closure date has been set for Ashad 28. This means that only shareholders registered before this date will be eligible to attend the SGM. Therefore, shareholders are urged to ensure their registration is completed before Ashad 28 to participate in this significant meeting.

    Overall, the 1st Special General Meeting of Nepal Infrastructures Investment Fund Limited holds great importance for the company and its shareholders. The proposed agendas, including the amendment of the Articles of Association, issuance of right shares, and recruitment of strategic founding investors, reflect the company’s efforts to enhance its operations and secure a strong financial foundation for future growth.

  • NEPSE Board Meeting to Discuss Approval for Seven Brokers and NEPSE-30 Index Operation Tomorrow.

    NEPSE Board Meeting to Discuss Approval for Seven Brokers and NEPSE-30 Index Operation Tomorrow.


     

    The Board of Directors of Nepal Stock Exchange (NEPSE) has planned a meeting for Wednesday morning. The meeting will cover important topics such as granting final approval to seven broker companies and deciding on the operational details of the NEPSE-30 index. Murahari Parajuli, the Company Secretary and Information Officer at NEPSE, confirmed these agendas during a phone interview with Sharesansar.

     

  • “Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) Calls AGM for Acquisition Approval and Dividend Declaration”

    “Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) Calls AGM for Acquisition Approval and Dividend Declaration”


    Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) has scheduled its 4th Annual General Meeting (AGM) to take place on the 16th of Ashad, 2080. The meeting will be held at Hotel Arniko in Dhulikhel, commencing at 1 PM.

    Considering the ongoing acquisition of Rastra Utthan Laghubitta by Asha Laghubitta Bittiya Sanstha Limited (ALBSL), both AGMs will pass a resolution to evaluate the Due Diligence Audit. Additionally, they will endorse a share swap ratio of 1:1 for the acquisition and approve the final agreement. The newly formed entity resulting from the acquisition will be named ‘Rastra Asha Laghubitta Bittiya Sanstha Limited’. The AGM will also address the amendment of the Articles of Association, granting full authority to the board of directors to modify various acquisition-related proceedings based on instructions from regulatory bodies.

    Moreover, during the AGM, the approval of a 15% dividend worth Rs. 3.9 Crores for the fiscal year 2078/79 will be sought. In a previous meeting held on Baisakh 13, the board of directors had decided to distribute 14.25% bonus shares amounting to Rs. 3.7 crores and a 0.75% cash dividend worth Rs. 19.50 lakhs from the paid-up capital of Rs. 26 Crores.

    To be eligible for the dividend payout and attendance at the AGM, shareholders must maintain their shares before the book closure date, which falls on Ashad 05.

  • Summit Laghubitta Bittiya Sanstha AGM Announced: Dividend Endorsement, Merger Proposal, and FPO Agenda on the Table

    Summit Laghubitta Bittiya Sanstha AGM Announced: Dividend Endorsement, Merger Proposal, and FPO Agenda on the Table


    Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has announced the date for its 14th Annual General Meeting (AGM) on 30th Jestha, 2080. The meeting is scheduled to take place at Arniko Party Palace in Banepa, commencing at 10:30 AM.

    One of the key agendas of the AGM is the endorsement of a 14.276582% dividend for the fiscal year 2078/79. During the 33rd board of directors meeting held on Falgun 15, it was decided to distribute this dividend on the paid-up capital of Rs. 49.40 crores. The proposed dividend includes a bonus dividend of 13.562753%, amounting to Rs. 6.70 crores, and a cash dividend of 0.713829%, equivalent to Rs. 35.26 lakhs (for tax purposes).

    Additionally, the AGM will discuss and vote on resolutions related to the Due Diligence Audit and Memorandum of Understanding for the proposed merger between Summit Laghubitta and National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS). The share swap ratio for the merger has been set at 100:82, meaning that for every 100 units of Summit’s shares, shareholders will receive 82-unit shares of National Microfinance.

    Furthermore, the meeting will address the issuance of Further Public Offerings (FPO) to the general public, aiming to increase the company’s public shareholding ratio by 30%. Currently, the promoter to public shareholding ratio of the company stands at 80.63:19.37. There is also an agenda to raise the authorized capital to Rs. 70 crores.

    It is important to note that the book closure date has been set on Jestha 18. Shareholders who hold shares before this date will be eligible for the dividend payout and are welcome to attend the AGM. These discussions and resolutions signify the company’s efforts to enhance shareholder value and explore opportunities for growth and expansion.