Tag: Endorse

  • 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.

  • 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.

  • Himalayan Everest Insurance Sets AGM on 25th Magh to Approve 15% Dividend; Book Closure Date?

    Himalayan Everest Insurance Sets AGM on 25th Magh to Approve 15% Dividend; Book Closure Date?


    Himalayan Everest Insurance Limited (HEI) has scheduled its 30th Annual General Meeting (AGM) for February 25, 2080. The meeting will take place at Baneshwor Banquet in Thapagaun, starting at 11 AM.

    One of the key items on the AGM agenda is the approval of a 15% dividend for the fiscal year 2079/80. In a previous board meeting on Poush 25, it was decided to distribute this dividend on the paid-up capital of Rs. 2.30 Arba. The proposed distribution includes 8.63% bonus shares valued at Rs. 19.86 crore and a 6.37% cash dividend (including tax) amounting to Rs. 14.66 crore.

    Additionally, the AGM will cover the endorsement of the auditor’s report, along with profit and loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2079/80 is also on the agenda. Furthermore, there will be discussions about enhancing the facilities and allowances for the board of directors.

     

  • Citizen Life Insurance Company Prepares for 7th AGM, Proposing a 5.2632% Dividend for FY 2079/80

    Citizen Life Insurance Company Prepares for 7th AGM, Proposing a 5.2632% Dividend for FY 2079/80


    Citizen Life Insurance Company Limited (CLI) has scheduled its 7th Annual General Meeting (AGM) for the 14th of Magh, 2080. The venue for the meeting is Amrapali Banquet, Naxal, Kathmandu, and it is set to commence at 11 AM on that day.

    One of the key agendas for the AGM is the endorsement of a 5.2632% dividend for the fiscal year 2079/80. This proposal comes from the 97th board of directors meeting held on Poush 16. The suggested dividend includes 5% bonus shares and a 0.2632% cash dividend, amounting to Rs. 18.75 crores and Rs. 98.68 lakhs, respectively. The company’s existing paid-up capital stands at Rs. 3.75 Arba.

    Additionally, the AGM will address other important matters, including the approval of the auditor’s report with profit and loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 and the election of 2 directors from the public shareholding group are also on the agenda.

    The book closure date for entitlement to the dividend payout and attendance at the AGM is set for Poush 29. Shareholders who maintain their status before this date are eligible for the dividend.

  • Muktinath Bikas Bank Announces 17th AGM with Dividend Approval Amidst NEPSE Trading Suspension

    Muktinath Bikas Bank Announces 17th AGM with Dividend Approval Amidst NEPSE Trading Suspension


    Muktinath Bikas Bank Limited (MNBBL) has announced its 17th Annual General Meeting (AGM) scheduled for the 28th of Poush, 2080, to be held at City Square in New Road, Pokhara, starting at 10 AM.

    Among various agenda items, the AGM is set to approve a 10.2632% dividend for the fiscal year 2079/80. This decision was made during the 311th board meeting, with the dividend to be distributed on the paid-up capital of Rs. 6.42 Arba. The proposed distribution includes 9.75% bonus shares amounting to Rs 62.60 Crores and 0.5132% cash dividend (inclusive of bonus shares for tax purposes) totaling Rs 3.29 Crores.

    Additionally, the AGM will address the endorsement of the auditor’s report, covering profit and loss statements, financial reports, and cash flow reports. An auditor for the fiscal year 2080/81 will also be appointed. Furthermore, there are agendas related to the election of directors from both the public shareholding group and the promoter shareholding group. An agenda of note involves identifying a suitable development bank for potential merger and acquisition with Muktinath Bikas Bank Limited.

    However, it’s worth mentioning that the trading of Muktinath Bikas Bank Limited (MNBBL) was suspended by NEPSE on December 22 due to a violation of NEPSE regulations. The company is required to provide an explanation to NEPSE within 3 working days regarding the breach, as it had convened a board meeting on Poush 5 during trading hours for dividend declaration.

    The book closure date is set for Poush 19, allowing shareholders holding shares before this date to be eligible for the dividend payout and to attend the AGM.

  • Lumbini Bikas Bank Calls 16th AGM, Proposes 8.5% Dividend for FY 2079/80

    Lumbini Bikas Bank Calls 16th AGM, Proposes 8.5% Dividend for FY 2079/80


    Lumbini Bikas Bank Limited (LBBL) has announced its 16th Annual General Meeting (AGM) scheduled for the 26th of Poush, 2080. The meeting is set to take place at Amritbhog, Kalikasthan, Kathmandu, commencing at 11 am on the specified day.

    Among the key agendas to be addressed during the AGM, the endorsement of an 8.5% dividend for the fiscal year 2079/80 stands out. This proposal was put forth during the company’s 461st board meeting held on the 26th of Mangsir, 2080. The proposed dividend comprises 4% bonus shares amounting to Rs. 13.53 crores and a 4.5% cash dividend (inclusive of tax) worth Rs. 28.75 crores, derived from the paid-up capital of Rs. 3.38 Arba.

    Additionally, the AGM will encompass the endorsement of the auditor’s report, which includes Profit and Loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 is also among the scheduled agendas.

    The book closure date for entitlement to the dividend payout and attendance at the AGM is set for the 17th of Poush. Shareholders who maintain their shares up to this date will be eligible for the dividend and can actively participate in the AGM proceedings.

     

  • 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.

  • Shivam Cements Calls 8th AGM to Discuss 15% Dividend and Fiscal Year Reports

    Shivam Cements Calls 8th AGM to Discuss 15% Dividend and Fiscal Year Reports


    Shivam Cements Limited (SHIVM) has announced its 8th Annual General Meeting (AGM), scheduled for the 27th of Poush, 2080 (equivalent to January 11, 2024). The meeting is set to take place at Rastriya Sabha Griha, Pradarshani Marg, Kathmandu, beginning at 9:00 am.

    One of the key agendas for the AGM is the endorsement of a 15% dividend for the fiscal year 2079/80. The proposal, originating from the 123rd board meeting held on Poush 03, includes a distribution of 14.25% bonus shares amounting to Rs. 62.70 Crores and a 0.75% cash dividend (for tax purposes) totaling Rs. 3.30 Crores. The company’s current paid-up capital stands at Rs. 4.40 Arba.

    Additionally, the AGM will address matters such as endorsing the auditor’s report, 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.

    The book closure date is set for Poush 19, and shareholders maintained before that date are eligible for the dividend payout and can attend the AGM.

  • “Nepal Insurance Company Announces 75th AGM with Dividend Approval and Key Agenda Items”

    “Nepal Insurance Company Announces 75th AGM with Dividend Approval and Key Agenda Items”


    Nepal Insurance Company Limited (NICL) has scheduled its 75th Annual General Meeting (AGM) to take place on the 13th of Poush, 2080. The venue for the meeting is set at Nepal Pragya Pratisthan, Kamaladi, Kathmandu, with proceedings commencing at 11 am.

    Among the various items on the agenda, the AGM will seek approval for a 10.5263% dividend for the fiscal year 2079/80. The decision to distribute this dividend was made during the 8th meeting of the board of directors held on Mangsir 9, 2080. The proposed dividend includes a 0.5263% cash dividend amounting to Rs. 78.67 lakhs and a 10% bonus shares allocation valued at Rs. 14.94 Crores. As of the latest available data, the existing paid-up capital of NICL stands at Rs. 1.49 Arba.

    Additionally, the AGM will cover agendas such as the endorsement of the auditor’s report, inclusive of profit and loss statements, financial reports, and cash flow reports. The meeting will also address the appointment of an auditor for the fiscal year 2080/81 and seek approval for the appointment of directors.

    The book closure date for the AGM is set on Mangsir 28. Shareholders holding positions before this date are entitled to the dividend payout and are eligible to participate in the AGM.

  • Sanima Bank’s AGM on Kartik 02 to Approve 14.7% Dividend for FY 2079/80; Book Closure on Ashwin 22

    Sanima Bank’s AGM on Kartik 02 to Approve 14.7% Dividend for FY 2079/80; Book Closure on Ashwin 22


     

    Sanima Bank Limited (SANIMA) has scheduled its 19th Annual General Meeting (AGM) for the 2nd of Kartik, 2080, starting at 11 a.m. The AGM will take place at Kundalini Durbar Banquet in Kathmandu.

    One of the main agenda items for the AGM is the approval of a 14.7% dividend for the fiscal year 2079/80. This dividend includes a 5.7% cash dividend and 9% bonus shares from the company’s paid-up capital. The total paid-up capital of the company is Rs. 12.46 Arba, with bonus shares valued at Rs. 1.12 Arba. It’s important to note that the cash dividend already covers the tax amount for the bonus shares.

    Additionally, the AGM will address the approval of the auditor’s report, which includes PL statements, financial reports, and cash flow reports, and the appointment of an auditor for the fiscal year 2080/81.

    The book closure date for entitlement to the dividend payout and AGM attendance is Ashwin 22. Shareholders holding shares on this date will be eligible for both.

  • “Citizens Bank’s 17th AGM on Ashoj 26 to Approve 5.79% Cash Dividend”

    “Citizens Bank’s 17th AGM on Ashoj 26 to Approve 5.79% Cash Dividend”


     

    Citizens Bank has announced that its 17th Annual General Meeting (AGM) for the fiscal year 2079-80 will take place on Ashoj 26, 2080. During this meeting, the bank plans to approve a cash dividend of 5.79%, equivalent to Rs 82.21 crore, for its shareholders. This dividend comes from the profits earned in the previous fiscal year, as mentioned in their official statement. Currently, the bank operates 188 branches, 148 ATM locations, and 97 branchless banking units within its network.