Tag: Laghubitta

  • Kalika Laghubitta Promoter Shares Auction Begins Today

    Kalika Laghubitta Promoter Shares Auction Begins Today


    The current owners of Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) are offering 61,000 shares for auction to existing shareholders, starting from December 27, 2080. Among them, Santosh Shrestha plans to sell 56,000 shares, Padam Pani Kafle aims to sell 1,500 shares, and Bimala Sapkota Lamichanne intends to sell 3,500 shares to other existing promoters.

    This auction is exclusively open to current promoters, and they have a 35-day window from the notice date (December 27, 2080) to submit their bids. Interested shareholders must present their bids at the company’s central office in Pokhara.

     

  • Kisan Laghubitta (KLBSL) Opts Not to Distribute Dividend for FY 79/80

    Kisan Laghubitta (KLBSL) Opts Not to Distribute Dividend for FY 79/80


    Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) has announced the non-distribution of dividends for the Fiscal Year 2079/80. The decision was made during the 127th Board Meeting on Poush 26, 2080. It’s worth noting that this determination is subject to approval from the regulatory authority, Nepal Rastra Bank, and confirmation at the upcoming Annual General Meeting of the company.

    As of the latest update, KLBSL closed at Rs. 785.00.

     

  • Dhaulagiri Laghubitta Bittiya Sanstha Cancels Dividend for FY 2079/80

    Dhaulagiri Laghubitta Bittiya Sanstha Cancels Dividend for FY 2079/80


     

    Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) has recently declared the cancellation of dividend distribution for the Fiscal Year 2079/80. Initially, during the 8th board of directors meeting on Kartik 22, the company had proposed a distribution plan of 14.25% bonus shares and 0.25% cash dividend (for tax purposes) from the paid-up capital, which amounted to Rs. 10.31 crores. However, the company has now decided not to proceed with the dividend distribution, revoking the earlier announcement of bonus shares worth Rs. 1,89,66,750 and a cash dividend for tax purposes amounting to Rs. 9,98,250.

     

  • NIC Asia Laghubitta disbursed cash dividends directly to the bank accounts of its shareholders

    NIC Asia Laghubitta disbursed cash dividends directly to the bank accounts of its shareholders


    NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has directly credited a 15% cash dividend to the bank accounts of its shareholders and encouraged them to dematerialize their shares.

    During the 6th Annual General Meeting held on the 6th of Poush, 2080, NICLBSL approved a 15% cash dividend for the fiscal year 2079/80. The board of directors, in a meeting on Kartik 1st, decided to disburse the entire dividend in cash. With the company’s paid-up capital standing at Rs. 1.73 Arba, the cash dividend amounts to just over Rs. 26.09 crores.

    In addition, NICLBSL has urged shareholders, especially those who haven’t updated their bank information within the Demat account, to dematerialize their shares.

    Moreover, eligible investors who have borrowed against the company’s shares before the book closure date are required to submit a No Objection Letter from their lending institution to receive the dividend.

  • NEPSE Ends Suspension on Muktinath Bikas Bank Securities Trading Following Dividend Disclosure Delay

    NEPSE Ends Suspension on Muktinath Bikas Bank Securities Trading Following Dividend Disclosure Delay


    NEPSE, the Nepal Stock Exchange Limited, has decided to end the suspension on the trading of securities for Muktinath Bikas Bank Limited (MNBBL). This follows a temporary pause resulting from MNBBL’s delayed submission of information related to the dividend declaration for the fiscal year 2079/80.

    In an official statement, NEPSE disclosed that MNBBL failed to provide timely details about the dividend declaration, a requirement stipulated by the Securities Listing Regulations, 2075. These regulations mandate that companies communicate notices, information, and decisions affecting securities prices to NEPSE on or before the day of business commencement.

    The decision regarding the dividend declaration for the fiscal year 2079/80 was made during MNBBL’s board meeting on the 5th of Poush. However, the information about this decision reached NEPSE a day later, on the 6th of Poush, leading to an immediate suspension of MNBBL securities trading. NEPSE sought clarification from MNBBL within a three-day timeframe.

    MNBBL responded to NEPSE’s inquiry, explaining that the delay was unintentional and was a result of coincidental timing. They clarified that the discussion on the dividend took place during the meeting at 4:30 P.M. on the 5th of Poush.

    Despite MNBBL’s clarification, NEPSE, in a decision dated 2080/09/11, issued a warning to MNBBL and directed the resumption of the suspended securities transactions. The warning underscores MNBBL’s obligation to fully comply with the Securities Listing Regulations, 2075, and its associated terms.

  • Infinity Laghubitta Bittiya Sanstha (ILBS) Decides Against Dividend Distribution for FY 2079/80

    Infinity Laghubitta Bittiya Sanstha (ILBS) Decides Against Dividend Distribution for FY 2079/80


    Infinity Laghubitta Bittiya Sanstha Limited (ILBS) has declared that it will not be disbursing any dividends for the Fiscal Year 2079/80. The decision was made during the Board Meeting of ILBS on Poush 04, 2080. It was decided that the company would refrain from distributing dividends for the mentioned fiscal year. It’s important to note that the financial statements are pending approval from Nepal Rastra Bank and await confirmation at the upcoming Annual General Meeting of the company.

    As of the latest update, ILBS closed at Rs. 680.00.

  • “First Microfinance Laghubitta Bittiya Sanstha Calls 14th AGM, Proposes 15% Dividend Distribution”

    “First Microfinance Laghubitta Bittiya Sanstha Calls 14th AGM, Proposes 15% Dividend Distribution”


    First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has announced its 14th Annual General Meeting (AGM) scheduled for the 28th of Poush, 2080. The meeting is set to take place at Amrapali Banquet in Bhatbhateni, Kathmandu, commencing at 10 AM on the specified day.

    One of the key items on the agenda for the AGM is the endorsement of a 15% dividend amounting to Rs. 17.21 Crores for the fiscal year 2079/80. The decision to distribute this dividend was made during the 211th meeting of the board of directors held on Mangsir 13. The proposed distribution includes a 7.5% bonus in the form of additional shares and a 7.5% cash dividend, the latter being designated for tax purposes. The total dividend is calculated based on the paid-up capital of Rs. 1.14 Arba.

    Shareholders are advised that the book closure date is on Poush 12. This means that individuals holding shares as of this date will be eligible for the dividend payout and can also participate in the upcoming AGM. The dividend distribution and proposed agendas are subject to the approval of the shareholders during the AGM.

  • NIC Asia Bank Conducts Auction for Sana Kisan Bikas Laghubitta Promoter Shares

    NIC Asia Bank Conducts Auction for Sana Kisan Bikas Laghubitta Promoter Shares


    “NIC Asia Bank Limited Initiates Auction for SKBBL Promoter Shares”

    Commencing from the 24th of Mangsir to the 29th of Poush, 2080, NIC Asia Bank Limited (NICA) has initiated an auction for the promoter shares of Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL).

    The auction involves 3,92,657 units of SKBBL promoter shares and is open to qualified interested promoter shareholders of Sana Kisan Co-operative and other promoter shareholders. However, the notice stipulates that priority will be given to Sana Kisan Co-operative. The minimum bid rate for the auction is set at Rs. 348, with a minimum bid quantity of 1,000 units for promoter shares.

    While bidders have the option to bid for the entire issue, they are required to adhere to the Nepal Rastra Bank’s regulations, ensuring that the specified quantity of shares per entity is not exceeded. NIC Asia Capital has been appointed as the auction manager for this issue.

    As of the latest update, SKBBL has a Last Traded Price (LTP) of Rs. 881.

  • Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) Wraps Up Dividend Offer Today

    Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) Wraps Up Dividend Offer Today


    Investors have until today to seize the opportunity for a 13.01% dividend from Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL), as the company has declared its 22nd Annual General Meeting (AGM) on 4th Poush, 2080.

    During the 418th board of directors meeting convened on Ashwin 30, it was decided to allocate the dividend on the paid-up capital of Rs. 1.29 Arba. The proposed dividend includes a 12.3599% bonus shares amounting to Rs. 15.95 crores and a 0.6505% cash dividend (inclusive of tax) totaling Rs. 83.94 lakh.

    To be eligible for the dividend payout and attendance at the AGM, shareholders must maintain their status until the book closure on 22nd Mangsir 2080.

  • Unnati Sahakarya Laghubitta Lists 1,78,451.18 FPO Shares on NEPSE with LTP of Rs. 671

    Unnati Sahakarya Laghubitta Lists 1,78,451.18 FPO Shares on NEPSE with LTP of Rs. 671


    Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) has successfully listed 1,78,451.18 units of Further Public Offering (FPO) shares on the Nepal Stock Exchange (NEPSE). The microfinance institution had issued these FPO shares with a face value of Rs. 100 to the general public. The offering took place from the 21st Kartik to the 24th Kartik, utilizing the company’s paid-up capital of Rs. 22.9 crores. Subsequently, these FPO shares are now officially listed on the NEPSE.

    At the time of reporting, Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) has a Last Traded Price (LTP) of Rs. 671 per share. The successful listing marks a significant development for the company in the stock market.

  • FMDBL Proposes 15% Dividend for FY 2079/80: Rs. 17.21 Crores in Bonus Shares and Cash Dividend

    FMDBL Proposes 15% Dividend for FY 2079/80: Rs. 17.21 Crores in Bonus Shares and Cash Dividend


    First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has put forward a proposal for a 15% dividend, amounting to Rs. 17.21 Crores, for the fiscal year 2079/80. The decision was made during the 211th meeting of the board of directors on Mangsir 13. This proposed dividend will be distributed on the paid-up capital of Rs. 1.14 Arba, with a breakdown of 7.5% bonus shares and 7.5% cash dividend (for tax purposes), totaling Rs. 8.60 Crores each. The distribution of this dividend is subject to approval by the central bank and subsequent endorsement at the company’s upcoming Annual General Meeting (AGM). As of the latest available information, FMDBL has a Last Traded Price (LTP) of Rs. 575.

     

  • Promoter Share Auctions Initiated by Suryodaya Womi and Asha Laghubitta: Opportunities for Existing Shareholders

    Promoter Share Auctions Initiated by Suryodaya Womi and Asha Laghubitta: Opportunities for Existing Shareholders


    The current promoter of Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) has initiated an auction for 60,617 units of shares, targeting existing promoter shareholders. Govinda Sharma and Saraswati Joshi plan to sell 31,266 and 29,351 units, respectively. Interested parties are invited to bid within 35 days from the notice’s publication date. Bids can be submitted at the corporate office in Lalitpur or Kumari Capital Limited in Kathmandu. If no bids are received within the specified timeframe, the shares will be opened for auction to the general public. SWMF closed at Rs. 562, and SWMFPO has an LTP of Rs. 225.55 as of October 8, 2023.

    In a similar move, the existing promoter of Asha Laghubitta Bittiya Sanstha Limited (ALBSL) is auctioning 87,014 units of shares to its current promoter shareholders. The auction, open from 11th Mangsir, 2080, invites interested shareholders to bid within 35 days from the notice’s publication. Bids should be submitted at the company’s central office in Kavrepalanchok. If no bids are received from existing shareholders within the specified timeframe, the shares will later be auctioned to the general public or institutions. ALBSL currently has an LTP of Rs. 600, while ALBSLP has an LTP of Rs. 323.75 as of November 2, 2023.