Tag: Poush

  • “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.

  • Terhathum Power Company Limited Announces 6th AGM and Right Share Issuance Plans

    Terhathum Power Company Limited Announces 6th AGM and Right Share Issuance Plans


    Terhathum Power Company Limited (TPC) has announced its 6th Annual General Meeting (AGM) scheduled for the 21st of Poush, 2080 (January 6, 2024). The meeting is slated to commence at 12:30 p.m. and will take place at the Company Register Office in Battisputali, Kathmandu.

    The key agendas for the AGM include the endorsement of the company’s annual report, approval of the auditor’s report for the fiscal year 2079/080, encompassing profit and loss statements, financial reports, and cash flow statements. Additionally, the meeting will address the appointment of auditors and the determination of their remuneration for the upcoming fiscal year 2080/81. The agenda also includes miscellaneous matters for discussion.

    In addition to the AGM proceedings, there is an agenda pertaining to the issuance of right shares at a ratio of 1:1 on the paid-up capital amounting to Rs. 40 Crores. The book closure date has been set for the 28th of Mangsir. Shareholders who maintain their positions before this date will be eligible to participate in the AGM and engage in the decision-making processes.

  • 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.

  • “7.5% Urja Rinpatra 2089 Everest Bank Ltd” ” Now Available in NEPSE

    “7.5% Urja Rinpatra 2089 Everest Bank Ltd” ” Now Available in NEPSE


    NEPSE has listed 746,830 units of “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089.”

    From the 25th Poush to the 09th Magh of 2079, Everest Bank Limited (EBL) issued 20,00,000 units of “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089.”

    From the overall offer of 20 lakh units, 12 lakh units were subscribed through private placement, while the remaining 8 lakh units worth Rs. 80 crores were open for public issue, with 5% reserved for mutual funds.

    As the name implies, the “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089” would provide unit holders with 7.5% yearly yields till maturity, which is in the year 2089 BS (10 years).

  • Mahila Laghubitta (MLBSL) Bonus Shares (47.5%) Listed on NEPSE

    Mahila Laghubitta (MLBSL) Bonus Shares (47.5%) Listed on NEPSE


     

    NEPSE has listed 7,00,625 unit bonus shares of Mahila Laghubitta Bittiya Sanstha Limited (MLBSL).

    On 21st Falgun, the company held its 5th AGM for FY 2078/79 and approved a 50% dividend worth Rs. 7.37 crores for the fiscal year 2078/79. On Poush 26, the 51st board of directors decided to distribute the dividend on the paid-up capital of Rs. 14.75 crores. There was a proposal for 47.5% bonus shares worth Rs 7 crores and a 2.5% cash dividend (including tax) worth Rs 36.87 lakhs.

     

  • Nerude and Mirmire Laghubitta Sign Merger Agreement

    Nerude and Mirmire Laghubitta Sign Merger Agreement


     

    According to the Nepal Stock Exchange, the final merger agreement between Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) and Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) has been completed and approved (MEPSE).

    Poush 11, where the chairman of both organizations signed a memorandum of understanding for merger, the companies had signed a memorandum of understanding for merger.

  • Nepal SBI Bank’s bonus shares worth 29.47 lakh have been listed for trading on the NEPSE.

    Nepal SBI Bank’s bonus shares worth 29.47 lakh have been listed for trading on the NEPSE.


    Nepal SBI Bank Limited (SBI) has listed 29,47,755.9338 unit bonus shares on NEPSE.

    On the 25th of Poush, 2079, the company held its 29th AGM for the fiscal year 2078/79. For fiscal year 2078/79, the board of directors approved a 10.53% dividend of Rs. 1.03 Arba. On Mangsir 12, 2079, the 492nd board of directors decided to distribute a 10.53% dividend on the paid-up capital of Rs. 9,82,58,53,113, with 3% bonus shares worth Rs. 29,47,75,594 and 7.53% cash dividend (including tax) worth Rs 73,98,86,735 endorsed. NEPSE now lists the same bonus shares.

     

  • For Fiscal Year 2078/79, Mahuli Laghubitta raises the dividend rate to 15%.

    For Fiscal Year 2078/79, Mahuli Laghubitta raises the dividend rate to 15%.


     

    Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) has reduced the dividend percentage from 25% to 15% for fiscal year 2078/79.

    On Poush 25, the board of directors decided to distribute 20% bonus shares and 5% cash dividend (including tax) from the paid-up capital of Rs. 28.21 Crores. The company proposed a Rs. 5.64 crore bonus dividend and a Rs. 1.41 crore cash dividend, for a total of Rs. 7.05 crores.

  • Shine Resunga Development Bank and Lumbini Bikas Bank Bonus Shares Launched on the NEPSE

    Shine Resunga Development Bank and Lumbini Bikas Bank Bonus Shares Launched on the NEPSE


    Shine Resunga Development Bank Ltd (SHINE) has launched 50,28,741.99 unit bonus shares on NEPSE.

    On the 25th Poush, the firm held its 14th AGM and approved a 14% dividend for fiscal year 2078/79. On the 7th of Mangsir 2079, the 266th meeting of the board of directors suggested a 14% dividend from the paid-up capital. The bank has a paid-up capital of Rs. 3.78 Arba. There was a proposal for 13.3% bonus shares worth Rs. 50.28 crores and a 0.7% cash dividend (including tax) of Rs 2.64 crores.

    Today, SHINE finished at Rs. 335.90.

     

  • Bindhyabasini Hydropower Development Company’s 5% bonus shares are now listed on the NEPSE.

    Bindhyabasini Hydropower Development Company’s 5% bonus shares are now listed on the NEPSE.


    Bindhyabasini Hydropower Development Company Ltd (BHDC) has launched 5,00,000 units of bonus shares on NEPSE.

    On 22nd Poush, the business had its 6th AGM and approved a 5.02632% dividend for fiscal year 2078/79. The board of directors resolved to issue the dividend on the paid-up capital of Rs. 1 Arba at its meeting on Mangsir 29. A 5% bonus share and a cash dividend of 0.02632% (for bonus share tax purposes) were proposed. NEPSE now lists the same bonus shares.