Tag: NC

  • For Fiscal Year 2078/79, Nesdo Sambridha Laghubitta revises the dividend rate to 17.9342%.

    For Fiscal Year 2078/79, Nesdo Sambridha Laghubitta revises the dividend rate to 17.9342%.


    The dividend percentage for the fiscal year 2078/79 has been changed from 73.68% to 17.93% by Nesdo Sambridha Laghubitta Bittiya Sanstha Limited (NESDO).

    On Chaitra 09, the board of directors resolved to disburse the dividend on the paid-up capital of Rs. 25.50 crores. There was a proposal for 50% bonus shares worth Rs. 12.75 crores and a cash dividend of 23.68% worth Rs. 6.03 crores.

    The dividend was only to be issued following clearance from Nepal Rastra Bank and approval from the company’s upcoming AGM. According to the NRB’s recommendations, the corporation has increased the dividend from Rs. 25.50 crores to a maximum of 17.93%.

  • The Book Closure Date for Kamana Sewa Bikas Bank’s 4.64% Dividend has been announced.

    The Book Closure Date for Kamana Sewa Bikas Bank’s 4.64% Dividend has been announced.


    Kamana Sewa Bikas Bank Limited (KSBBL) has scheduled its 16th Annual General Meeting for the 31st of Baisakh, 2080. The meeting will begin at 11:30 a.m. that day at the Siddhartha Boutique Hotel in Kathmandu.

    Among the other items on the agenda, the AGM will approve a 4.64% cash dividend for fiscal year 2078/79. The dividend would be paid from the company’s paid-up capital of Rs. 3.14 Arba. A cash dividend of 0.23% and 4.41% bonus shares have been recommended. Thus, the bonus shares are worth little more than Rs. 13.85 crores, and the cash dividend is worth slightly more than Rs. 72.94 lakhs.

    The book will be closed on Baisakh 15. As a result, shareholders who held shares prior to that date are entitled to dividends and are welcome to attend this AGM.

     

  • Union Life Insurance Company requests that shareholders pay taxes on 8.97% bonus shares.

    Union Life Insurance Company requests that shareholders pay taxes on 8.97% bonus shares.


     

    Union Life Insurance Company Limited (ULI) has requested its shareholders to pay the 8.97% bonus share tax.

    On the 26th of Magh, 2079, the firm held its 5th AGM for the fiscal year 2077/78. The meeting approved 8.97% bonus shares worth Rs. 19,28,55,000 from the company’s paid-up capital of Rs. 2.15 Arba for the fiscal year 2077/78.

     

  • Federal Reinsurance Brokers Limited enters an agreement with the Banking Finance and Insurance Institute of Nepal to strengthen the insurance sector’s capability.

    Federal Reinsurance Brokers Limited enters an agreement with the Banking Finance and Insurance Institute of Nepal to strengthen the insurance sector’s capability.


     

    On April 13, 2023, Federal Reinsurance Brokers Limited and Banking Finance and Insurance Institute of Nepal Limited signed a Memorandum of Understanding (MOU) to form a long-term strategic alliance in the areas of training, research, and consulting for the insurance sector’s capacity development. Ms. Alpana Sharma, Company Secretary, and Mr. Saurav Baral, Research Analyst of FRBL, and Ms. Nishu Bhagat, Manager, and Mr. Matiram Paudel, Account and Admin Officer of BFIN, signed the Memorandum of Understanding.

     

  • Menchhiyam Hydropower is issuing 934,915 IPO shares to the general public beginning today.

    Menchhiyam Hydropower is issuing 934,915 IPO shares to the general public beginning today.


    Menchhiyam Hydropower Limited will issue 934,915 unit shares with a face value of Rs 100 starting today, April 4th, 2080. The company expects to earn Rs 9.34 crore through this IPO. This issue’s early closure date is on 7th Baisakh, and if it is not completely subscribed, it can be prolonged until 19th Baisakh, 2080.

    Previously, the business offered 542,583 unit shares worth Rs. 5.42 crores to project-affected residents of Sankhuwasabha District, of which only 505,780 were allocated to qualified applicants.

     

  • Gold has dropped by Rs 800 per tola and is now trading at Rs 110,000.

    Gold has dropped by Rs 800 per tola and is now trading at Rs 110,000.


    In the domestic market today, fine gold is down Rs. 800 per tola, while tejabi gold is down Rs. 750 from yesterday’s pricing.

    Fine gold is now trading at Rs. 110,000 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association’s official website. Yesterday, the price per tola remained constant at Rs. 110,800. Meanwhile, the price of Tejabi gold is at Rs. 109,500. In contrast, yesterday’s price remained unchanged at Rs. 110,250 per tola.

    Silver, on the other hand, has remained stable at Rs. 1,4

  • Dolti Power IPO Received Rs. 1.47 Arba From 13.39 Lakh Applicants As of the Last Day

    Dolti Power IPO Received Rs. 1.47 Arba From 13.39 Lakh Applicants As of the Last Day


    Dolti Power Company Limited concluded its Initial Public Offering (IPO) of 12,71,861 unit shares to the general public today, March 3, 2080. The issue debuted on Chaitra 28th, 2079. This IPO is expected to generate Rs 13.46 crore for the firm.

    Previously, the business awarded 536,486 unit shares worth Rs. 5.36 crores to project-affected residents of Dailekh District, with just 141,820 units allocated to legitimate applicants. As a result, the remaining 394,666 unsubscribed shares of project-affected locals are added to the 10,72,972 units (20% of the issued capital designated for the general public) to produce a total of 14,67,638 units for the general public.

     

  • SEBON Extends the Deadline for Companies Interested in Stock Exchange Operations

    SEBON Extends the Deadline for Companies Interested in Stock Exchange Operations


    The Securities Board of Nepal (SEBON) has issued a notice to eligible institutions requiring them to apply for a Commodities Exchange Market Operation license and a Stock Exchange Operation license within 10 days.

    To provide investors with market access, enable commodity price innovation, and provide investors with alternative investment instruments to preserve price stability, a commodities exchange market that is investor-friendly, competitive, worldwide in scope, and competent is required.

    In order to run the commodities exchange market under the rules, guidelines, and other applicable regulations, those who seek to form a limited liability company in compliance with the prevailing legislation must first get board permission.

     

  • Muktinath Bikas Bank and Sadhana Laghubitta distributed bonus shares to shareholders’ demat accounts.

    Muktinath Bikas Bank and Sadhana Laghubitta distributed bonus shares to shareholders’ demat accounts.


    Muktinath Bikas Bank Limited (MNBBL) has given 13.5% bonus shares directly to its owners’ DEMAT accounts and encouraged them to dematerialize their shares.

    On 30th Poush, 2079, the bank had its 16th AGM for FY 2078/79. The AGM approved a dividend of 14.2105% for fiscal year 2078/79. The board of directors resolved on Poush 01 to disburse the dividend on the paid-up capital of Rs. 5.65 Arba. There was a proposal for 13.5% bonus shares worth Rs 76.37 crore and 0.7105% cash dividend (including bonus shares for tax purposes) of Rs 4.01 crore. Demat accounts are now receiving the same bonus dividend.

     

  • Pokhara Finance, Union Life Insurance Company, and Mahalaxmi Bikas Bank Bonus Shares Listed on NEPSE

    Pokhara Finance, Union Life Insurance Company, and Mahalaxmi Bikas Bank Bonus Shares Listed on NEPSE


    Pokhara Finance Limited (PFL) has launched 4,16,367.92 unit bonus shares on NEPSE.

    On 30th Poush, the business had its 26th AGM and approved a dividend of 4.21% for fiscal year 2078/79. The Board of Directors voted at its 512th meeting to pay a dividend of 4.21% on the paid-up capital of Rs. 1.04 Arba. A 4% bonus dividend of Rs. 4.16 crores was proposed, as well as a 0.21% cash dividend (for tax purposes) worth Rs. 21.85 lakhs. NEPSE now lists the same bonus shares.

    PFL ended yesterday at Rs. 378.50.

    Similarly, Union Life Insurance Company Limited (ULI) has 19,28,550 unit bonus shares listed on NEPSE.

     

  • The NEPSE Index fell 18.91% in a year, while total turnover dropped by 75%.

    The NEPSE Index fell 18.91% in a year, while total turnover dropped by 75%.


    The NEPSE index finished at 1,934.47 today, down 29.07 points from the previous trading day’s close. This is a 1.48% decrease. Yesterday, the index increased by 92.22 points.

    The index began today at 1,973.09 and reached an intraday high of 1,981.87. In comparison, it dropped as low as 1,928.93 before closing at 1,934.47.

    In 44,708 transactions, 270 scrips changed hands. A total of 4,913,702 shares were traded, totaling Rs. 1.653 Arba in turnover. This is less than the previous day’s turnover of Rs. 1.976 Arba.

    SHIVAM CEMENTS LTD (SHIVM) shares were the most actively traded, with a total turnover of Rs. 8.42 crores at a market price of Rs. 405 per share.