Tag: Dividend

  • Deadline Today: Standard Chartered Bank Nepal and RSDC Laghubitta’s Last Day for Dividend Entitlement

    Deadline Today: Standard Chartered Bank Nepal and RSDC Laghubitta’s Last Day for Dividend Entitlement


    Today marks the deadline for investors to secure dividends from Standard Chartered Bank Nepal Limited (SCB) and RSDC Laghubitta Bittiya Sanstha Limited (RSDC).

    SCB has scheduled its 37th Annual General Meeting (AGM) for Sunday, 24th Mangsir, 2080 (10th December 2023) at the Army Officers Club, Bhadrakali, Kathmandu, starting at 1 PM. To participate, attendees must sign the attendance book, open from 8:00 AM onwards. Among the agenda items, the AGM will approve a 19% cash dividend (inclusive of tax), equivalent to 19 rupees, considering the bank’s paid-up capital of Rs. 9.42 Arba. The book closure date is on 7th Mangsir, 2080, making shareholders as of today eligible for the dividend payout and AGM attendance.

    Similarly, RSDC Laghubitta Bittiya Sanstha Limited (RSDC) has announced its 10th AGM on 15th Mangsir, 2080, to be held in Butwal. The AGM agenda includes the endorsement of a 9.0526% dividend from the paid-up capital of Rs. 86.95 Crores. In its 149th board meeting on 18th Kartik 2080, the company proposed 8.60% bonus shares worth Rs. 7.47 Crores and 0.4526% for cash dividends amounting to Rs. 39.35 lakhs. Similar to SCB, the book closure date for RSDC is on 7th Mangsir, 2080, granting shareholders until today eligibility for dividend receipt and participation in the AGM.

  • Shangrila Development Bank Calls 19th AGM: Approves 5.263% Dividend and Addresses Key Agendas for Fiscal Year 2079/80

    Shangrila Development Bank Calls 19th AGM: Approves 5.263% Dividend and Addresses Key Agendas for Fiscal Year 2079/80


    Shangrila Development Bank Limited (SADBL) has announced its 19th Annual General Meeting (AGM), scheduled for the 24th day of Mangsir, 2080. The meeting is set to take place at Lainchaur Banquet in Kathmandu, commencing at 11 AM.

    One of the significant agendas for the AGM is the endorsement of a 5.263% dividend amounting to Rs. 17.19 crores for the fiscal year 2079/80. This decision was made during a board of directors meeting held on Kartik 03. The proposed dividend will be distributed based on the paid-up capital of the bank, which stands at Rs. 3.26 Arba. The distribution includes 5% bonus shares and 0.263% cash dividend for tax purposes, translating to slightly over Rs. 16.33 crores and a little over Rs. 85.98 lakhs, respectively.

    Additionally, the AGM will address the endorsement of the auditor’s report, covering Profit and Loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. Plans for the appointment of an auditor for the fiscal year 2080/81 are also on the agenda. The meeting will also seek approval for the revision of the Articles of Association, as the issuance of bonus shares will lead to an increase in the paid-up capital.

    The book closure date for the proposed dividend and the AGM is set from the 11th to the 24th day of Mangsir, 2080. Shareholders recorded within this period are eligible for the dividend payout and are invited to attend the AGM.

  • Soaltee Hotel Limited Proposes 31.58% Dividend for FY 2079/80 and Announces 49th AGM

    Soaltee Hotel Limited Proposes 31.58% Dividend for FY 2079/80 and Announces 49th AGM


    Soaltee Hotel Limited (SHL) has put forward a substantial dividend proposal of 31.58% for the fiscal year 2079/80. Additionally, the company has announced its 49th Annual General Meeting (AGM), scheduled for Poush 26, 2080.

    During a board of directors meeting convened on Mangsir 01, 2080, the decision was made to allocate the proposed 31.58% dividend for the fiscal year 2079/80. The breakdown of the dividend includes 26.57894737% in the form of cash dividends and 5% in the form of bonus shares from the paid-up capital. The company’s current paid-up capital stands at Rs. 88.47 Crores, making the bonus shares valued at Rs. 44,235,753 and the cash dividend at Rs. 235,147,950. It’s important to note that the cash dividend encompasses the tax amount applicable to the bonus shares.

    The book closure date for the proposed dividend and the AGM has been set for the 5th day of Poush, 2080. Consequently, shareholders who are recorded on or before this date are eligible to receive the dividend payout and are invited to participate in the AGM.

  • Standard Chartered Bank Nepal Calls 37th AGM: Dividend Declaration, Financial Reports, and Amendments on the Agenda

    Standard Chartered Bank Nepal Calls 37th AGM: Dividend Declaration, Financial Reports, and Amendments on the Agenda


    Standard Chartered Bank Nepal Limited (SCB) has announced its 37th Annual General Meeting (AGM) scheduled for December 10, 2023, corresponding to the 24th day of Mangsir, 2080. The meeting is set to take place at the Army Officers Club in Bhadrakali, Kathmandu, starting at 1 PM, with the attendance book available for signatures from 8:00 AM onwards.

    One of the key items on the agenda is the endorsement of a 19% cash dividend (including tax), equivalent to 19 rupees, considering the bank’s paid-up capital of Rs. 9.42 Arba. Additionally, the AGM will seek approval for the annual report covering the financial year 2079/80.

    The meeting will also address the endorsement of the auditor’s report, encompassing Profit and Loss statements, balance sheets for the mid-2080 period, financial reports, and cash flow statements for the fiscal year 2079/80. Furthermore, the appointment of an auditor for the fiscal year 2080/81 will be discussed. The agenda extends to the approval of the revision of the Articles of Association, with provisions allowing the board of directors to make necessary changes if suggested by regulatory bodies or offices during the proposed amendment.

    The book closure date is set for the 7th day of Mangsir, 2080. Shareholders registered before this date are eligible for the dividend payout and are invited to attend the AGM. Participation requires the signing of the attendance book, accessible from 8:00 AM onward on the day of the meeting.

  • Global IME Bank Announces 17th AGM: Agenda, Dividend Proposal, and Shareholder Information

    Global IME Bank Announces 17th AGM: Agenda, Dividend Proposal, and Shareholder Information


    Global IME Bank Limited (GBIME) has scheduled its 17th Annual General Meeting (AGM) for December 14, 2023, which corresponds to the 28th day of Mangsir, 2080. The AGM will take place at Nepal Pragya Pratisthan in Kamaladi, Kathmandu, commencing at 9 AM on the specified date.

    The outlined agendas for the AGM are as follows:
    1. Approval of the annual report, presented by the chairman on behalf of the board of directors.
    2. Endorsement of the auditor’s report, encompassing the Profit and Loss statements, financial reports, and cash flow statements for the fiscal year 2079/80.
    3. Approval of the consolidated financial statement, which includes the financial results of subsidiary companies for the fiscal year 2079/80. The subsidiaries include Global IME Capital Ltd., Global IME Laghubitta Bittiya Sanstha Ltd., and JBNL Securities Ltd.
    4. Approval of an 8% cash dividend from the profit of the fiscal year 2079/80.
    5. Appointment of an auditor for the fiscal year 2080/81.
    6. Election of six directors, with three from the founding shareholders and three from the general shareholders.
    7. Approval of the distribution of 1% bonus shares of the paid-up capital until the conclusion of the year 2080.
    8. Miscellaneous matters.

    The book closure for the proposed dividend and AGM is set for the 13th day of Mangsir, 2080. Shareholders recorded before this date are eligible for dividend payout and are invited to attend the AGM. Shareholders intending to participate in the AGM must be present at the meeting venue and sign the attendance book, which will be accessible from 8:00 AM onwards.

  • Shine Resunga Development Bank Announces 15th AGM with 11.05% Dividend Proposal and Strategic Agenda

    Shine Resunga Development Bank Announces 15th AGM with 11.05% Dividend Proposal and Strategic Agenda


    Shine Resunga Development Bank Limited (SHINE) has announced its 15th Annual General Meeting (AGM) scheduled for the 23rd of Mangsir, 2080. The venue for the meeting is set at Dreamland Gold Resort & Hotel Pvt. Ltd. in Manigram, Rupandehi, commencing at 11 a.m. on the specified day.

    One of the key items on the AGM agenda is the approval of an 11.05% dividend for the fiscal year 2079/80. The proposal for this dividend was put forth during the bank’s 280th board meeting held on the 23rd of Ashwin 2080. The proposed dividend is calculated based on the bank’s paid-up capital, which currently stands at Rs. 4.28 Arba. The dividend comprises 10.5% bonus shares valued at Rs. 44.98 crores and 0.55% cash dividend (inclusive of tax) amounting to Rs. 2.36 crores.

    Additionally, the AGM will address various other matters, including the endorsement of the auditor’s report containing Profit and Loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. The appointment of an auditor for the upcoming fiscal year 2080/81 is also on the agenda. Furthermore, there will be a discussion about identifying suitable banks and financial institutions for potential merger and acquisition opportunities with Shine Resunga Development Bank.

    Shareholders are reminded that the book closure date is from the 11th to the 23rd of Mangsir, 2080. Only shareholders recorded on this day are eligible for the dividend payout and are invited to attend the AGM.

  • Miteri Development Bank (MDB) Proposes 10% Dividend for FY 2079/80

    Miteri Development Bank (MDB) Proposes 10% Dividend for FY 2079/80


    Miteri Development Bank Limited (MDB) has put forward a dividend proposal for the fiscal year 2079/80, suggesting a dividend payout of 10%. This proposal emerged following the deliberations of the 234th board of directors meeting, which took place on Kartik 22. The proposed dividend pertains to the paid-up capital of the bank, which stands at Rs. 1.01 Arba. Within this 10% dividend allocation, 9.5% will be distributed in the form of bonus shares, while the remaining 0.5% will be disbursed as a cash dividend, primarily for tax purposes.

    It’s important to note that the final distribution of this proposed dividend is contingent on approval from the central bank and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). As of the latest available data, MDB’s Last Traded Price (LTP) stands at Rs. 392.30. For reference, the bank’s dividend history is not provided in the available information.

  • Sanima Bank’s 19th AGM Approves 9% Bonus Share and 5.70% Cash Dividend

    Sanima Bank’s 19th AGM Approves 9% Bonus Share and 5.70% Cash Dividend


    Sanima Bank Limited has successfully concluded its 19th Annual General Meeting (AGM) on October 19, 2023. Mr. Tuk Prasad Poudel, serving as the Chairman, presided over the AGM during which several significant decisions were made. Notably, the AGM approved the distribution of a 9% bonus share and a 5.70% cash dividend to the bank’s shareholders.

    For the fiscal year 2079/80, Sanima Bank reported a net profit of NPR 2.61 billion, accompanied by total deposits and net loans and advances amounting to NPR 178.85 billion and NPR 149.87 billion, respectively. The bank’s total assets also reached NPR 215.64 billion. When compared to the previous fiscal year (2078/79), the bank witnessed substantial growth, with total deposits, loans and advances, and total assets increasing by 12.56%, 5.78%, and 12.02%, respectively.

    Furthermore, the bank’s prudential parameters, as of mid-July 2023, demonstrate its financial health. The non-performing loan ratio stands at 1.31%, while the capital fund to risk-weighted assets ratio is at a healthy 14.42%. The liquidity position of the bank is strong, with a liquidity ratio of 30.01%, and the credit to deposit ratio (monthly average) is reported at 79%. These parameters reflect the bank’s sound financial standing and its ability to manage risk and liquidity effectively.

  • NIC Asia Laghubitta Bittiya Sanstha Limited Proposes 15% Cash Dividend for Fiscal Year 2079/80

    NIC Asia Laghubitta Bittiya Sanstha Limited Proposes 15% Cash Dividend for Fiscal Year 2079/80


    NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has proposed a 15% cash dividend for the fiscal year 2079/80. In a recent board of directors meeting held on Kartik 01, the decision was made to distribute the entire dividend in cash. The company’s paid-up capital stands at Rs. 1.73 Arba, and this dividend payout amounts to a little over Rs. 26.09 Crores.

    It’s important to note that the distribution of this cash dividend is subject to approval by the central bank and endorsement by the company’s upcoming Annual General Meeting (AGM). As of the time of this announcement, NICLBSL’s Last Traded Price (LTP) is at Rs. 615.

    Comparatively, in the preceding fiscal year (2078/79), the company had disbursed a cash dividend of 14.75%. This proposed increase in the dividend percentage signals the company’s commitment to rewarding its shareholders, pending the necessary regulatory approvals and shareholder consensus at the upcoming AGM.

  • Nesdo Sambridha Laghubitta Distributes 15% Cash Dividend and Encourages Shareholder Dematerialization

    Nesdo Sambridha Laghubitta Distributes 15% Cash Dividend and Encourages Shareholder Dematerialization


    Nesdo Sambridha Laghubitta Bittiya Sanstha Limited (NESDO) has taken the initiative to distribute a 15% cash dividend directly to the bank accounts of its shareholders and has encouraged them to convert their shares into dematerialized form.

    The company convened its 4th Annual General Meeting (AGM) for the fiscal year 2078/79 on the 26th of Ashwin, 2080. During this AGM, NESDO approved a 15% dividend, which includes applicable taxes, for the fiscal year 2078/79. The disbursement of this dividend into the bank accounts of shareholders commenced on the 29th of Ashwin, 2080.

    In addition to this, NESDO has made a specific request to its shareholders, particularly those who have not updated their bank information within the Demat account, to consider converting their shares into dematerialized form. This move aligns with modern financial practices and can streamline the dividend distribution process.

    Moreover, NESDO has outlined a requirement for eligible investors who have obtained loans against the company’s shares before the book closure date. To be eligible for dividend payment, these investors must provide a No Objection Letter from their respective lending institutions.

    By introducing these measures, NESDO is aiming to enhance the efficiency and transparency of its dividend distribution process while encouraging shareholders to modernize their shareholding by dematerializing their shares.

  • Citizens Capital Distributes 8% Cash Dividend to ‘Citizens Mutual Fund-2’ Unit Holders

    Citizens Capital Distributes 8% Cash Dividend to ‘Citizens Mutual Fund-2’ Unit Holders


    Citizens Capital Limited has provided an 8% cash dividend to the unit holders of “Citizens Mutual Fund – 2 (CMF2)” directly to their bank accounts, along with encouraging them to convert their physical shares into electronic format.

    For the last fiscal year, 2079/2080, the fund declared an 8% return and closed its books on Bhadra 19 to facilitate cash dividend distribution. Starting from the 8th of Ashwin, 2080, the fund initiated the process of depositing these returns into the beneficiary accounts of the unit holders.

    Additionally, the company is making a request to unit holders, particularly those who haven’t updated their bank information within their Demat accounts, to consider dematerializing their shares.