Tag: Dividend

  • AHPC Board Decisions: Special General Meeting and Right Share Issuance

    AHPC Board Decisions: Special General Meeting and Right Share Issuance


    The Board of Directors of Arun Valley Hydropower Development Company Limited (AHPC) recently held a meeting at 3 PM, where they made significant decisions. One of the key resolutions reached during the meeting was to convene a Special General Meeting (SGM) on Ashad 07, 2080. The purpose of the SGM is to discuss and seek approval for various matters pertaining to the company.

    The primary agenda on the table is the endorsement of the issuance of right shares in a 1:1 ratio. This means that AHPC plans to issue 18,679,626 right shares with a par value of Rs. 100, amounting to a total value of Rs. 1.86 Arba. The intention behind issuing these right shares is twofold and has specific targets for the allocated funds.

    The first objective is to invest 50% of the total amount raised through the right shares, which corresponds to 9,339,813 unit right shares worth Rs. 93.39 crore, into the Likhu Khola Hydropower Project. This particular project, with a capacity of 30 MW, is being promoted by PK Hydropower Pvt. Ltd. By allocating these shares, AHPC aims to support the development and implementation of the Likhu Khola Hydropower Project.

    The second objective is to utilize the remaining 9,339,813 unit shares worth Rs. 93.39 crore to repay the loan taken by AHPC for the Kabeli ‘B’-1 Cascade Hydropower Project, located in Panchthar. The issuance of right shares will facilitate the company in meeting its financial obligations and reducing its debt burden.

    These decisions, which include calling for an SGM and endorsing the issuance of right shares with specific allocations, will be presented during the Special General Meeting. It is during this meeting that AHPC’s shareholders will have the opportunity to discuss, deliberate, and ultimately vote on these matters. The outcomes of the SGM will shape the future actions and direction of Arun Valley Hydropower Development Company Limited.

  • Ankhukhola Hydropower Company (AKJCL) Changes Right Share Ratio from 200% to 150%

    Ankhukhola Hydropower Company (AKJCL) Changes Right Share Ratio from 200% to 150%


    Ankhukhola Hydropower Company Limited (AKJCL) has recently announced a change in its right share ratio from 200% to 150%. During a board of directors meeting held on Jestha 17, 2080, the decision was made to issue 150% right shares on the company’s paid-up capital of Rs. 80 Crores. This decision aligns with the instructions given by the regulatory body.

    In a previous board meeting that took place on Baishakh 15, 2079, AKJCL had proposed to issue right shares in a ratio of 1:2. This move was intended to allow the company to invest a significant portion, at least 60%, of its shares in the Ganesh Himal Hydropower’s 20 M.W- Ankhu Khola-2 Hydropower project. However, the decision required approval from the Electricity Regulatory Commission. As a result, the company has now revised its right shares issuance, opting for a ratio of 150% from the paid-up capital of Rs. 80 Crores. This means that the paid-up capital will reach Rs. 120 Crores after the issuance of the aforementioned right shares.

    It is important to note that the issuance of these right shares is subject to approval from the Securities Board of Nepal (SEBON) and will also need to be endorsed during the company’s upcoming Annual General Meeting (AGM).

  • NEPSE Index Plunges with Significant Losses, All Sector Indices Close in the Red

    NEPSE Index Plunges with Significant Losses, All Sector Indices Close in the Red


    Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) recently listed 2,55,655.77 unit bonus shares on the Nepal Stock Exchange (NEPSE). The company held its 14th Annual General Meeting (AGM) on the 17th of Falgun, during which it approved a dividend of 15.789% for the fiscal year 2078/79.

    In addition to the dividend, the board of directors, in its 231st meeting on Poush 28, decided to distribute 15% bonus shares valued at Rs. 2.55 crores and a cash dividend of 0.789473681%, amounting to Rs. 13.45 lakhs. These dividends were distributed from MLBBL’s paid-up capital of Rs. 17.04 crores. Now, these bonus shares have been officially listed on NEPSE.

    As of the time of writing, the Last Traded Price (LTP) of MLBBL’s shares on NEPSE stands at Rs. 750.

  • National Life Insurance Company Limited Announces Last Day for Dividend

    National Life Insurance Company Limited Announces Last Day for Dividend


    Today is the final day to receive the dividend announced by National Life Insurance Company Limited (NLICL). The company has scheduled its 35th Annual General Meeting (AGM) for the 22nd of Jestha, 2080. The AGM will take place at the company’s headquarters in Lazimpat, Kathmandu, starting at 10:30 AM on that day.

    One of the items on the AGM’s agenda is the approval of a 14.5% dividend for the fiscal year 2078/79. During the 495th board of directors meeting held on Chaitra 30, it was decided to distribute this dividend based on the paid-up capital of Rs. 4.64 Arba. The proposed dividend consists of 8% bonus shares valued at slightly over Rs. 37.12 crores and 6.5% cash dividend (including tax) amounting to Rs. 30.16 crores.

    The book closure date has been set for Jestha 11. Consequently, only shareholders who are still registered as of today will be eligible for the dividend payment and are welcome to attend the AGM.

  • 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.

  • Attention Shareholders: Claim Your Outstanding Dividends from Sanima Mai Hydropower Limited (SHPC) Now

    Attention Shareholders: Claim Your Outstanding Dividends from Sanima Mai Hydropower Limited (SHPC) Now


    Sanima Mai Hydropower Limited (SHPC) has issued a notification directed towards shareholders who have not yet received their entitled dividend payments. The company urges these shareholders to take necessary action to claim their outstanding dividends, which were approved during various Annual General Meetings (AGMs).

    In order to receive the due dividends, shareholders are required to submit their share certificate, proof of identity, and copies of relevant documents to Sanima Capital Limited, the share registrar of the company. The designated location for the submission of these documents is at Naxal, Kathmandu.

    This notice serves as a reminder to shareholders who may have overlooked or not yet claimed their dividends from SHPC. By promptly presenting the necessary documents to the share registrar, these shareholders can ensure that they receive their entitled dividend payments in a timely manner.

  • ADBL Distributes 2% Bonus Shares and Urges Shareholders to Dematerialize

    ADBL Distributes 2% Bonus Shares and Urges Shareholders to Dematerialize


    Agricultural Development Bank Limited (ADBL) has recently taken steps to benefit its shareholders by distributing 2% bonus shares directly to their Demat accounts. To encourage a smoother and more convenient process, the bank urges shareholders to convert their physical shares into electronic form. By doing so, shareholders can easily manage and trade their shares online, aligning with the industry trend towards digitalization.

    During the bank’s 16th Annual General Meeting held on the 14th of Chaitra, a 13% dividend for the fiscal year 2078/79 was approved. This decision reflects ADBL’s strong financial performance during that period. Additionally, during the 1000th meeting of the Board of Directors, held on Poush 26, it was decided to distribute the dividend based on the paid-up capital of Rs. 13.18 Arba. This distribution included a proposal for a 2% bonus share allocation and an 11% cash dividend.

    The allocation of bonus shares allows ADBL to provide its shareholders with additional shares in proportion to their existing holdings. This serves as a way for the bank to share its success with its shareholders and enhance their investment value. The direct deposit of the bonus dividend into the Demat accounts further streamlines the process and offers convenience to shareholders.

    In addition to the bonus shares, ADBL has proposed an 11% cash dividend on the paid-up capital of Rs. 13.18 Arba. This cash dividend distribution allows shareholders to receive a portion of the profits in cash, providing them with immediate financial returns. Moreover, the bank has also decided to distribute a 6% cash dividend specifically for Irredeemable Non-cumulative Preference Shares, ensuring that the holders of these shares also receive their fair share of the profits.

    ADBL’s recent initiatives, such as the direct allocation of bonus shares and the proposed dividends, aim to reward and benefit its shareholders. By urging shareholders to dematerialize their shares, the bank embraces digitalization trends and facilitates smoother transactions and ownership transfers. Through these measures, ADBL seeks to enhance shareholder value and foster a positive relationship with its investor community.

  • rabhu Life Insurance Limited Revises Dividend Proposal for FY 2077/78 in Response to Regulatory Requirement

    rabhu Life Insurance Limited Revises Dividend Proposal for FY 2077/78 in Response to Regulatory Requirement


    Prabhu Life Insurance Limited (PLI) has made changes to its dividend proposal for the fiscal year 2077/78. Initially, they had planned to distribute a dividend of 10.526%, consisting of 10% bonus shares and 0.526% cash dividend from their paid-up capital of Rs. 2 Arba. However, the Nepal Insurance Authority required the company to revise its proposal, leading to a new plan. The revised proposal includes the distribution of 9.8% bonus shares worth Rs. 19.60 crores and 0.5158% cash dividend worth Rs. 1.03 crores on the paid-up capital of Rs. 2 Arba. Currently, the company’s closing price is Rs. 401.10.

  • Citizen Investment Trust’s Proposal: A 26.3158% Dividend for the Fiscal Year 2078/79

    Citizen Investment Trust’s Proposal: A 26.3158% Dividend for the Fiscal Year 2078/79


    Citizen Investment Trust (CIT) has put forward a proposal to distribute a 26.3158% dividend for the fiscal year 2078/79. The decision was made during a board of directors meeting held on Baisakh 29. The proposed dividend consists of a 25% bonus shares allocation and a 1.3158% cash dividend (for tax purposes). The current paid-up capital of CIT stands at Rs 4,251,000,576.

    It is important to note that the dividend proposal is subject to approval from the Ministry of Finance, Nepal Government, and the upcoming Annual General Meeting (AGM).

    As of the latest trading day, CIT’s closing price stands at Rs. 2,011.

  • Due to Violation of NRB’s Guideline, 15% Dividend of RULB Canceled

    Due to Violation of NRB’s Guideline, 15% Dividend of RULB Canceled


    Nepal Rastra Bank (NRB) Cancels Dividend Proposal of Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB)

    The dividend proposal put forth by Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) has been canceled by the Nepal Rastra Bank. During the 86th meeting of the board of directors held on Baisakh 13, the company had proposed a 15% dividend for the fiscal year 2078/79 based on the paid-up capital of Rs. 26 Crores. The proposal included the distribution of 14.25% bonus shares valued at Rs. 3.7 crores and a cash dividend of 0.75% amounting to Rs. 19.50 lakhs.

    However, as per a notice from the Nepal Stock Exchange (NEPSE), the dividend proposal required approval from the Nepal Rastra Bank (NRB), which has now been canceled due to non-compliance with the Nepal Financial Reporting Standards (NFRS) in the financial statement.

    Furthermore, a letter regarding the company’s annual general meeting was sent to the NRB on Baisakh 20, but the proposed dividend was not included in the letter. As a result, the dividend proposal has been rejected by the NRB.

  • Last Day to be Eligible for Rights Offering of Himal Dolakha Hydropower Company Limited

    Last Day to be Eligible for Rights Offering of Himal Dolakha Hydropower Company Limited


    Himal Dolakha Hydropower Company Limited (HDHPC) is currently offering 12,000,000 unit right shares at a par value of Rs. 100. The rights issue has been approved by the Securities Exchange Board of Nepal (SEBON) and is being managed by Laxmi Capital Markets Limited.

    The current paid-up capital of the company is Rs. 1.60 Arba, and after the issue of the right share in the ratio of 1:0.75, the paid-up capital of the company will be increased to Rs. 2.8 Arba. The book closure date for the rights issue is Baisakh 27, and shareholders who have maintained shares until the last trading day before the book closure are eligible to apply for the right shares.

    Today is the last day for interested shareholders to become eligible for the rights offering. If you miss the deadline, you will not be able to apply for the right shares. As of writing, HDHPC’s last traded price (LTP) is Rs. 187.90.

    If you’re interested in investing in HDHPC, you can apply for the right shares through your stockbroker or by visiting the website of Laxmi Capital Markets Limited. It’s important to carefully consider the terms of the rights offering and do your research on the company before making an investment decision.

  • Prabhu Life Insurance proposes dividend for the first time

    Prabhu Life Insurance proposes dividend for the first time


    Prabhu Life Insurance Limited (PLI) has proposed a dividend of 10.526% for the fiscal year 2077/78. This is the first dividend the company has proposed since being listed on the Nepal Stock Exchange (NEPSE).

    The company’s board of directors, at its 140th meeting held on Baisakh 25, has decided to distribute a dividend consisting of 10% bonus shares and 0.526% cash dividend (including tax). PLI has a paid-up capital of Rs. 2 Arba, making the bonus shares worth Rs. 20 crores and the cash dividend worth Rs. 1.05 crores.

    However, it’s important to note that this dividend is subject to approval by the Nepal Insurance Authority and endorsement at the upcoming AGM.

    As of writing, the company’s closing price on the last trading day stands at Rs. 390.