Tag: Dividend

  • Prabhu Insurance Company Endorse 5% Dividend for FY 2079/80

    Prabhu Insurance Company Endorse 5% Dividend for FY 2079/80


    Prabhu Insurance Company Limited (PRIN) has announced its 28th Annual General Meeting (AGM) scheduled for the 20th of Baishakh, 2081. The AGM will convene at the Prabhu Complex in Tinkune, Kathmandu, commencing at 10 am on the designated day.

    Among the key agendas on the table, the AGM will endorse a 5% dividend for the fiscal year 2079/80. The decision was made during the 433rd meeting of the board of directors held on Falgun 20. The proposed dividend includes 4.75% bonus shares amounting to Rs. 6.53 crores and 0.25% cash dividend (for tax) totaling slightly over Rs. 34.40 lakhs, based on the paid-up capital of Rs. 1.37 Arba.

    Additionally, the AGM will address crucial matters such as endorsing the auditor’s report along with PL statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 and the formation of a board of directors with specific diversity criteria, including the inclusion of at least one female director and one independent director among a total of 7 directors, will also be deliberated.

    The book closure date for shareholders entitled to the dividend payout and AGM participation is set for Baishakh 7, 2081. Investors who maintain shares before this date are eligible for the benefits outlined in the AGM agenda.

    As of the latest update, PRIN’s Last Traded Price (LTP) stands at Rs. 795.00.

  • GBBL Urges Shareholders to Collect Uncollected Dividends: Important Notice for Investors

    GBBL Urges Shareholders to Collect Uncollected Dividends: Important Notice for Investors


    Garima Bikas Bank Limited (GBBL), formerly known as Subhechha Bikas Bank Limited, Nilgiri Bikas Bank Limited, and Sahara Bikas Bank Limited, has issued a notice urging its shareholders to collect unclaimed dividends.

    According to the notice, some investors have yet to collect dividends for the fiscal year 2074/75. These dividends were due in the fiscal year 2074/75 when the bank distributed cash dividends to its shareholders.

    The bank has appealed to investors who have not yet claimed their share of dividends to visit NIMB Ace Capital Limited, Lazimpat, Kathmandu, with valid identification within the next 35 days to claim their dividends.

    As of the latest update, GBBL has a Last Traded Price (LTP) of Rs. 369.00, reflecting its current market value.

  • SJLIC 35% dividend and promoter unlock-in end date at the same time

    SJLIC 35% dividend and promoter unlock-in end date at the same time


    What most people don't know about SJLIC is that the promoter share of approx. 1.24 crores unlocking ended on 20th Chaitra. More to see in price action in coming days.

    View on r/NepalStock by AmateurInvestorNepal

  • Mountain Energy Nepal Announces 10th AGM, Proposes 15.7895% Dividend for FY 2079/80

    Mountain Energy Nepal Announces 10th AGM, Proposes 15.7895% Dividend for FY 2079/80


    Mountain Energy Nepal Limited (MEN) has scheduled its 10th Annual General Meeting (AGM) for the 13th of Chaitra, 2080. The meeting is set to take place at Amrapali Banquet Catering & Events in Bhatbhateni, Kathmandu, starting at 10:30 AM on the specified date. Among the key agendas to be discussed during the AGM is the endorsement of a 15.7895% dividend for the fiscal year 2079/80. The proposal for this dividend was put forth during the 106th board of directors meeting held on Poush 22. The proposed dividend includes 15% bonus shares and 0.7895% cash dividends (for tax purposes).

    In addition to the dividend-related discussions, the AGM will cover other essential topics such as the endorsement of the auditor’s report, which includes Profit and Loss (PL) statements, financial reports, and cash flow reports. Moreover, there will be an agenda to appoint an auditor for the fiscal year 2080/81.

    For shareholders aiming to benefit from the dividend payout, the book closure date is set for Falgun 30. Those who hold shares before this date are eligible for the dividend and can also participate in the AGM.

  • National Laghubitta Calls 10th AGM to Discuss 15% Dividend for FY 2079/80

    National Laghubitta Calls 10th AGM to Discuss 15% Dividend for FY 2079/80


    National Laghubitta Bittiya Sanstha Limited (NMFBS) has convened its 10th Annual General Meeting (AGM) scheduled for March 16, 2080. The AGM will take place at Dhulikhel Lodge Resort, Dhulikhel, Kavrepalanchowk, commencing at 10:30 AM. Among the proposed agendas, the AGM will consider endorsing a 15% dividend for the fiscal year 2079/80. The decision was made during the 163rd board of directors meeting on Magh 22. The proposed dividend includes 7.5% bonus shares and 7.5% cash dividend (for tax purposes), totaling Rs. 32.52 crores based on the paid-up capital of Rs. 1.08 Arba.

    Additionally, the AGM will address other items such as approving 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 will also be discussed.

    The book closure date is set for Falgun 30, and shareholders maintained before this date will be eligible for the dividend payout and are welcome to attend the AGM.

  • Shikhar Insurance Calls 19th AGM: Agendas, Dividend Decision, and Book Closure Details

    Shikhar Insurance Calls 19th AGM: Agendas, Dividend Decision, and Book Closure Details


    Shikhar Insurance Company Limited (SICL) has announced its 19th Annual General Meeting (AGM) scheduled for the 9th of Chaitra, 2080. The AGM is set to take place at the Shikhar Insurance Company Ltd’s Head Office, Shikhar Biz Center in Thapathali, Kathmandu, starting at 11:00 AM.

    The outlined agendas for the AGM include the endorsement of financial reports for the fiscal year 2079/80, approval of the auditor’s report encompassing Profit and Loss statements, financial reports, and cash flow reports, as well as the confirmation of the auditor’s appointment for the fiscal year 2080/81. Additionally, the AGM will involve the election of four directors, with three representing the promoter shareholding group and one from the public shareholding group. The authorization of expenditures related to corporate social responsibility initiatives will also be addressed, along with miscellaneous matters.

    In a decision made during the 322nd Board Meeting on Falgun 04, 2080, SICL communicated that there would be no dividend distribution for the fiscal year 2079/80. The book closure date is set for Falgun 27, allowing shareholders maintained before that date to participate in the AGM.

  • ALICO Proposes 5% Cash Dividend for FY 2079/80 Pending Regulatory Approva

    ALICO Proposes 5% Cash Dividend for FY 2079/80 Pending Regulatory Approva


    Sagarmatha Lumbini Insurance Company Limited (SALICO) has put forward a proposal to issue a 5% cash dividend for the fiscal year 2079/80. The decision to distribute this dividend was made during the 18th meeting of the board of directors held on Falgun 14. The proposed cash dividend is based on the existing paid-up capital of SALICO, which stands at Rs. 2.62 Arba.

    It’s important to note that this dividend proposal is contingent upon approval from both the Nepal Insurance Authority and the forthcoming Annual General Meeting (AGM). The regulatory approval and the endorsement from the shareholders at the AGM are necessary steps before the dividend can be officially declared.

    As of the latest available information, SALICO concluded its trading session at Rs. 658.00. This dividend announcement reflects the company’s intention to distribute a portion of its profits to its shareholders, providing them with a return on their investment in the form of cash dividends, pending the required approvals.

  • Sun Nepal Life Insurance Proposes Dividend and Right Shares

    Sun Nepal Life Insurance Proposes Dividend and Right Shares


     

    Sun Nepal Life Insurance Company Limited (SNLI) plans to distribute a dividend of 25.0526% and offer 27% right shares for the fiscal year 2079/80. Following their 99th Board of Directors meeting on Falgun 11, they’ve decided on a 23.8% bonus share valued at Rs. 76.16 crores and a 1.2526% cash dividend worth Rs. 4.00 Crore (including tax). Additionally, the company aims to issue 27% right shares after accounting for the allocation of 23.8% bonus shares from the current paid-up capital of Rs. 3.20 Arba. This adjustment will raise the paid-up capital to Rs. 3.96 Crores after incorporating the bonus shares.

     

  • Janautthan Samudayic Laghubitta Shareholders to Receive No Dividends for FY 2079/80

    Janautthan Samudayic Laghubitta Shareholders to Receive No Dividends for FY 2079/80


     

    Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB) has declared that it won’t be distributing dividends for the Fiscal Year 2079/80. The decision was made during the 216th Board Meeting held on Falgun 12, 2080. However, it’s crucial to mention that this decision is subject to approval from Nepal Rastra Bank, the regulatory authority, and the upcoming Annual General Meeting of the company.

     

  • SuryaJyoti Life Insurance Company Holds Dividend for FY 2079/80 and Unveils Merger Details

    SuryaJyoti Life Insurance Company Holds Dividend for FY 2079/80 and Unveils Merger Details


    SuryaJyoti Life Insurance Company Limited (SJLIC) recently announced its decision to refrain from distributing dividends for the Fiscal Year 2079/80. This resolution emerged from discussions during the Board of Directors’ meeting held on Falgun 10, 2080, where comprehensive financial details of the fiscal year were deliberated.

    A notable development mentioned in the announcement is the successful merger of Surya Life Insurance Company Limited and Jyoti Life Insurance Company Limited. The merger, accomplished at a ratio of 1:0.8245, resulted in the formation of a unified entity known as “SuryaJyoti Life Insurance Company Limited.” The commencement of joint business operations took place on Poush 7, 2079.

    Formerly, Jyoti Life Insurance Company reported profits from Shrawan 1, 2079, to Poush 6, 2079. These profits have been allocated to the reserve fund of SJLIC. Additionally, a strategic decision has been made to consolidate all assets and liabilities, encompassing capital, reserves, investment amounts, and life insurance funds, into Suryajyoti Life Insurance Company Limited.

    As of the latest update, SJLIC is reported to have a Last Traded Price (LTP) of Rs. 491.20.

  • Last Day for Dividend: Siddhartha Premier Insurance & Swarojgar Laghubitta

    Last Day for Dividend: Siddhartha Premier Insurance & Swarojgar Laghubitta


     

    Today marks the deadline to claim the 11% cash dividend offered by Siddhartha Premier Insurance Limited (SPIL). The company has scheduled its 30th Annual General Meeting (AGM) for the 30th of Falgun, 2080. This gathering will take place at Lisara Receptions, Bhagwati Bahal, Kathmandu, commencing at 11:00 a.m.

    During the 19th Board of Directors meeting held on Magh 21, it was decided to distribute an 11% cash dividend, inclusive of taxes. The total value of this dividend amounts to Rs. 30.87 crores. SPIL currently maintains a paid-up capital of Rs. 2.80 Arba.

     

  • United Ajod Insurance Limited’s 30th AGM: Dividend Approval, Financial Reports, and New Board Elections Unveiled

    United Ajod Insurance Limited’s 30th AGM: Dividend Approval, Financial Reports, and New Board Elections Unveiled


    United Ajod Insurance Limited (UAIL) held its 30th Annual General Meeting on Sunday, 6th Falgun, 2080, at Anmol Banquet, Shankhamul, Kathmandu. The meeting covered various key agenda items, including the approval of annual reports from the Management Committee, the financial performance for the fiscal year 2079/80, and the audit reports of former Ajod Insurance Ltd. and United Insurance Co. (Nepal) Ltd. Additionally, the financial statements for the upcoming fiscal year 2080/81, encompassing details such as financial results, balance sheet, and cash flow, received unanimous approval.

    A significant decision made during the meeting was the endorsement of a 10.8013% dividend to shareholders. This dividend comprised a 0.5401% cash dividend and a 10.2612% bonus share, calculated from the paid-up capital of Rs. 1.90 Arba.

    Moreover, the gathering witnessed the election of a new board of directors for the company. The selections included individuals such as Mr. Ajad Shrestha, Mr. Pranav Kumar Das, and Mr. Balram Khanal representing the founder’s side, along with Mr. Panu Datta Poudel and Mr. Shambhu Adhikari, who were elected to represent the general public. This reshuffling of the board is expected to bring fresh perspectives and leadership to United Ajod Insurance Limited as it moves forward into the future.