Tag: Dividend

  • Siddhartha Capital’s 12th AGM: Financial Reports, Dividend, and Auditor Appointment on Agenda

    Siddhartha Capital’s 12th AGM: Financial Reports, Dividend, and Auditor Appointment on Agenda


    Siddhartha Capital Limited (SIDCL) has announced its 12th Annual General Meeting (AGM), scheduled for the 25th of Ashwin, 2080 (October 12, 2023). The meeting will convene at Siddhartha Capital’s headquarters in Naxal, Kathmandu, commencing at 4 pm on that day.

    The AGM will address several key agendas, including the endorsement of financial reports for the fiscal year 2079/80. Additionally, the meeting will seek approval for the auditor’s report, which encompasses Profit and Loss (PL) statements, financial reports, and cash flow reports for the same fiscal year. Furthermore, the appointment of an auditor for the upcoming fiscal year 2080/81 will be presented for endorsement.

    One of the significant matters to be discussed and approved during the AGM is the declaration of a 25% cash dividend, which includes taxes and amounts to a total of Rs. 5 crores. This dividend distribution represents an important decision that will impact the company’s shareholders.

  • Chhimek Laghubitta Bittiya Sanstha Urges Shareholders to Claim Outstanding Dividends

    Chhimek Laghubitta Bittiya Sanstha Urges Shareholders to Claim Outstanding Dividends


    Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) has recently issued a notice directed at its shareholders who have not yet received their rightful dividend payments. It has come to the company’s attention that even after a span of five years since the initial dividend distribution, some shareholders have not collected the dividends owed to them. To address this matter, CBBL is urging these investors to take action.

    To claim their outstanding dividends, shareholders who have not yet done so are required to present their share certificates and provide proof of their identity to the company’s share department. Additionally, they should submit copies of any necessary supporting documents. This procedure is essential for the shareholders to access their overdue dividend payments.

    Failing to comply with this request and neglecting to claim the dividends within the stipulated timeframe may result in legal consequences. In accordance with section 183 of the Companies Act, 2063, any uncollected dividends will be placed into the “Investor Protection Fund.” Therefore, it is in the best interest of the shareholders to promptly follow the outlined process and ensure they receive the dividends rightfully owed to them.

  • Nesdo Sambridha Laghubitta Bittiya Sanstha’s 4th AGM: Cash Dividend and Key Agendas

    Nesdo Sambridha Laghubitta Bittiya Sanstha’s 4th AGM: Cash Dividend and Key Agendas


    Nesdo Sambridha Laghubitta Bittiya Sanstha Limited, known as NESDO, has scheduled its 4th Annual General Meeting (AGM) for the 26th of Ashwin, 2080. This important meeting will take place at the Royal Kushma Resort, situated in Kusma, Parvat, commencing at 11 AM on the specified day.

    One of the key items on the AGM’s agenda is the endorsement of a 17.9342% cash dividend amounting to Rs. 4.57 Crores for the fiscal year 2078/79. Interestingly, during the 78th company meeting held on Chaita 10, 2079, a dividend of 73.6842% was proposed, including both bonus shares and cash dividends (inclusive of tax). This was based on the accumulated profits of the organization for the financial year 2078/79. However, subsequently, on Baisakh 04, 2080, the Nepal Rastra Bank approved a reduced dividend percentage of 17.9342%. It’s important to note that the current paid-up capital of the company stands at Rs. 25.50 Crores.

    Additionally, the AGM will cover other critical topics such as the approval of the auditor’s report, which includes the Profit and Loss statements, financial reports, and cash flow reports for FY 2078/79. Furthermore, the appointment of an auditor for the fiscal year 2079/80 will be discussed. The meeting will also seek to grant the Board of Directors authority to oversee any merger or acquisition activities related to the company.

    For shareholders interested in attending and being eligible for dividend payouts, it’s crucial to be aware of the book closure dates, which are from Ashwin 18 to Ashwin 26. Shareholders who maintain their status as of Ashwin 18 will be entitled to participate in this AGM and receive their dividends.

  • “NIC ASIA Bank Proposes 29% Bonus Shares and 1.5% Cash Dividend for Shareholders”

    “NIC ASIA Bank Proposes 29% Bonus Shares and 1.5% Cash Dividend for Shareholders”


    During its 629th board meeting convened on Bhadra 28, 2080, NIC ASIA Bank unveiled a proposition to grant its shareholders a dividend package consisting of 29% bonus shares and 1.5% cash dividend. This allocation of dividends is a reflection of the bank’s profits accrued in the previous fiscal year. The aggregate dividend sum totals Rs 3.53 arba and will be distributed to the shareholders subsequent to receiving approval from the Nepal Rastra Bank and upon the culmination of the bank’s forthcoming 26th Annual General Meeting (AGM), according to an official statement from the bank.

    As of now, NIC ASIA Bank boasts an extensive presence across the nation, encompassing 360 branches, 608 ATM outlets, 109 extension counters, and 61 branchless banking units, demonstrating its widespread reach in the financial sector.

  • Prabhu Capital Limited to Hold 15th AGM: Dividend and Key Agendas on the Table

    Prabhu Capital Limited to Hold 15th AGM: Dividend and Key Agendas on the Table


    Prabhu Capital Limited (PRABHU) has convened its 15th Annual General Meeting (AGM) for the 19th of Ashwin, 2080. The meeting is scheduled to take place at the Aranya Boutique Hotel and Restaurant, located on Nagpokhari Marga in Kathmandu, and is set to commence at 1:00 PM on that day.

    One of the primary items on the AGM’s agenda is the endorsement of dividends. The company’s board has proposed the distribution of cash dividends, amounting to 6.3158% inclusive of tax, derived from the profits of the fiscal year 2079/80.

    Additionally, the AGM will address several other important matters, including the approval of financial reports for the fiscal year 2079/80, the endorsement of the auditor’s report containing Profit and Loss statements, Balance Sheet, Financial reports, and cash flow reports for the same fiscal year. The meeting will also consider the appointment of auditors and the determination of their remuneration for the fiscal year 2080/81.

    Furthermore, there will be discussions and decisions regarding the appointment of new Directors to the company’s board. These various agenda items reflect the company’s commitment to transparency, financial accountability, and effective corporate governance, ensuring the interests of its shareholders and stakeholders are duly considered and addressed.

  • NIC Asia Bank Declares 30.5% Dividend After Two-Year Hiatus

    NIC Asia Bank Declares 30.5% Dividend After Two-Year Hiatus


    NIC Asia Bank Limited (NICA) has made an important financial announcement by declaring a dividend for its investors. The decision was reached during a meeting of the bank’s board of directors on Thursday, the 28th of Bhadra. The dividend distribution plan is based on the profits generated during the financial year 79/80.

    Under the proposed dividend plan, NIC Asia Bank intends to allocate a substantial 30.5% of its total paid-up capital to shareholders. This allocation will consist of 29% in the form of bonus shares and 1.5% as cash dividends, which serves the purpose of covering tax obligations.

    This announcement marks a significant change in the bank’s dividend distribution policy. NIC Asia Bank had not distributed dividends to its investors for the past two years. Now, they are proposing a 30.5% dividend distribution, demonstrating their commitment to providing returns to their shareholders.

    It’s important to note that the actual distribution of the dividend is subject to regulatory approval by the Nepal Rastra Bank and will require ratification at the upcoming general meeting of the company. NIC Asia Bank’s decision to declare dividends aligns with similar moves made by other commercial banks like Machhapuchhre, Everest, and Sanima Bank, all of which have also announced proposed dividends based on the profits of the financial year 79/80.

  • EBL Proposes 20.53% Dividend for FY 2079/80

    EBL Proposes 20.53% Dividend for FY 2079/80


    Everest Bank Limited (EBL) has proposed a 20.53% dividend for the fiscal year 2079/80. In their 357th Board of Directors (BODs) meeting on Bhadra 27, they decided to distribute this dividend as a 10.53% cash dividend and a 10% bonus share from their paid-up capital, which is currently at Rs. 10.69 Arba. It’s important to note that the cash dividend already includes the tax amount for the bonus shares. However, this decision is pending approval from the NRB (Nepal Rastra Bank), and it will be finalized in the upcoming AGM (Annual General Meeting) of the bank.

     

  • “Final Day to Claim Kumari Capital Mutual Fund Dividends”

    “Final Day to Claim Kumari Capital Mutual Fund Dividends”


     

     

    Today marks the final trading day before Kumari Capital’s mutual funds close their books for dividend distribution, with the book closure date set for the 18th of Bhadra. Anyone holding units in these funds until today will be eligible for the cash dividend.

    During their 60th board meeting on the 25th of Shrawan, Kumari Capital Limited decided to allocate a 10% cash dividend for Kumari Equity Fund (KEF) and a 6% cash dividend, including taxes, for Kumari Dhanbriddhi Yojana (KDBY) for the fiscal year 2079/80 to their unit holders.

    In the previous fiscal year, KEF had announced a 5% cash dividend for FY 2078/79. As of the current update, the last traded price (LTP) for KEF stands at Rs. 9.02, while KDBY is at Rs. 8.32.

  • “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.

     

  • “Last Chance to Secure Dividend from Siddhartha Capital’s Mutual Funds”

    “Last Chance to Secure Dividend from Siddhartha Capital’s Mutual Funds”


     

    Today marks the final trading day before the book closure date for Siddhartha Capital’s mutual funds’ dividend distribution. The book closure date is Bhadra 12, and investors holding units until today will be eligible for the cash dividend.

    During a Board of Directors meeting held on the 32nd day of Shrawan, Siddhartha Capital Limited decided to allocate a 5% cash dividend of Rs. 7.5 Crores for Siddhartha Equity Fund (SEF) and a 6.5% cash dividend (inclusive of tax) totaling Rs. 7.8 Crores for Siddhartha Investment Growth Scheme – 2 (SIGS2) for the fiscal year 2079/80, benefiting the unit holders.

  • “Ridi Power Company’s 50% Right Share Added to SEBON Pipeline”

    “Ridi Power Company’s 50% Right Share Added to SEBON Pipeline”


     

    SEBON, the Securities Exchange Board of Nepal, has included Ridi Power Company Limited’s right shares in its initial evaluation phase. This hydropower firm intends to offer 50% right shares amounting to Rs. 77.44 Crores. This will involve distributing 7,744,506 (in a 1:0.50 ratio) units of right shares to its current shareholders. With the company’s existing paid-up capital at Rs. 1.54 Arba, the implementation of these proposed right shares will lead to a new paid-up capital of Rs. 2.32 Arba.

     

  • “Siddhartha Capital Announces Book Closure Date for Mutual Fund Dividend”

    “Siddhartha Capital Announces Book Closure Date for Mutual Fund Dividend”


     

    Siddhartha Capital Limited has announced the date for the book closure regarding dividends for its mutual funds. The deadline is set for the 13th of Bhadra. Investors who hold units before this date will be eligible to receive the dividend payments.

    During a Board of Directors meeting on the 32nd of Shrawan, Siddhartha Capital Limited decided to distribute dividends to its mutual fund unit holders. For the fiscal year 2079/80, a 5% cash dividend amounting to Rs. 7.5 Crores will be given to unit holders of Siddhartha Equity Fund (SEF), while a 6.5% cash dividend (inclusive of tax) totaling Rs. 7.8 Crores will be distributed to unit holders of Siddhartha Investment Growth Scheme – 2 (SIGS2).