Tag: Profit

  • Hams Hospital Makes Historic Move with Initial Public Offering, Paving the Way for Health Sector Entry into Nepal’s Capital Market

    Hams Hospital Makes Historic Move with Initial Public Offering, Paving the Way for Health Sector Entry into Nepal’s Capital Market


    Hospital for Advanced Medicine and Surgery Limited, also known as Hams Hospital, has taken a significant stride towards entering the capital market by submitting an application for an Initial Public Offering (IPO) to the Nepal Securities Board. Muktinath Capital Limited manages this endeavor, where the hospital intends to make 1,125,000 shares available for sale to the general public.

    The IPO application, filed on the present date, outlines a proposed total valuation of the hospital at Rs. 288 per share. This valuation comprises a face value of Rs. 100 and an additional premium of Rs. 188. The offering represents 15% of the issued capital, with each share valued at Rs. 288. This strategic move establishes Hams Hospital as the pioneering health sector company to venture into Nepal’s capital market.

    Established on November 2, 2054, and granted a license by the Ministry of Health of Bagmati Province, Hetauda, Hams Hospital functions with a bed capacity of 100. The institution is committed to delivering healthcare services of superior quality at affordable rates. This bold step into the capital market positions Hams Hospital at the forefront of health sector entities participating in Nepal’s financial landscape.

  • Garima Bikas Bank Limited (GBBL) has announced its 17th Annual General Meeting (AGM) scheduled for Poush 29, 2080. The venue for the meeting is set at Hotel Pokhara Grande in Pokhara, Kaski. One of the key agenda items for the AGM is the endorsement of a 10% dividend for the fiscal year 2079/80. This decision was reached during the 297th meeting of the board of directors held on Poush 04, 2080. The proposed distribution includes 9.50% bonus shares totaling Rs. 49.28 crores and 0.50% cash dividend (inclusive of tax) amounting to Rs 2.59 Crores. Another significant agenda involves the endorsement of the auditor’s report, encompassing profit and loss statements, financial reports, and cash flow reports. Additionally, the appointment of an auditor for the fiscal year 2080/81 is on the agenda. There is also a proposal to increase the authorized capital of the company to Rs. 5.70 Arba. Furthermore, there is an agenda addressing the identification of a suitable development bank for potential merger and acquisition with Garima Bikas Bank Limited. The book closure date is set from Poush 17 to Poush 29, allowing shareholders holding shares before this period to be eligible for the dividend payout and attend the AGM.

    Garima Bikas Bank Limited (GBBL) has announced its 17th Annual General Meeting (AGM) scheduled for Poush 29, 2080. The venue for the meeting is set at Hotel Pokhara Grande in Pokhara, Kaski. One of the key agenda items for the AGM is the endorsement of a 10% dividend for the fiscal year 2079/80. This decision was reached during the 297th meeting of the board of directors held on Poush 04, 2080. The proposed distribution includes 9.50% bonus shares totaling Rs. 49.28 crores and 0.50% cash dividend (inclusive of tax) amounting to Rs 2.59 Crores. Another significant agenda involves the endorsement of the auditor’s report, encompassing profit and loss statements, financial reports, and cash flow reports. Additionally, the appointment of an auditor for the fiscal year 2080/81 is on the agenda. There is also a proposal to increase the authorized capital of the company to Rs. 5.70 Arba. Furthermore, there is an agenda addressing the identification of a suitable development bank for potential merger and acquisition with Garima Bikas Bank Limited. The book closure date is set from Poush 17 to Poush 29, allowing shareholders holding shares before this period to be eligible for the dividend payout and attend the AGM.


    Garima Bikas Bank Limited (GBBL) has announced its 17th Annual General Meeting (AGM) scheduled for Poush 29, 2080. The venue for the meeting is set at Hotel Pokhara Grande in Pokhara, Kaski.

    One of the key agenda items for the AGM is the endorsement of a 10% dividend for the fiscal year 2079/80. This decision was reached during the 297th meeting of the board of directors held on Poush 04, 2080. The proposed distribution includes 9.50% bonus shares totaling Rs. 49.28 crores and 0.50% cash dividend (inclusive of tax) amounting to Rs 2.59 Crores.

    Another significant agenda involves the endorsement of the auditor’s report, encompassing profit and loss statements, financial reports, and cash flow reports. Additionally, the appointment of an auditor for the fiscal year 2080/81 is on the agenda. There is also a proposal to increase the authorized capital of the company to Rs. 5.70 Arba.

    Furthermore, there is an agenda addressing the identification of a suitable development bank for potential merger and acquisition with Garima Bikas Bank Limited.

    The book closure date is set from Poush 17 to Poush 29, allowing shareholders holding shares before this period to be eligible for the dividend payout and attend the AGM.

  • 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.

  • NEPSE Announces 42nd AGM with Key Agendas Including 64% Cash Dividend Approval

    NEPSE Announces 42nd AGM with Key Agendas Including 64% Cash Dividend Approval


    The Nepal Stock Exchange Limited (NEPSE) has announced the convening of its 42nd Annual General Meeting (AGM) scheduled for the 29th of Poush, 2079. The meeting is slated to take place at the Nepal Stock Exchange Limited, located on Shanti Marg in Kathmandu, starting at 11 am.

    The key agenda items for the AGM include the endorsement of the company’s annual report, approval of the auditor’s report encompassing profit and loss statements, financial reports, and cash flow reports for the fiscal year concluding in 2079/80. Another significant agenda is the appointment of an auditor for the fiscal year 2080/81, along with the determination of their remuneration.

    Furthermore, the AGM will address the endorsement of the consolidated financial reports of CDSC, a subsidiary company of NEPSE. A noteworthy proposal is the endorsement of a 64% cash dividend (inclusive of tax) amounting to Rs. 64 Crores. Additionally, there is a miscellaneous agenda to be discussed during the meeting.

  • Gupteshwor Mahadev Cave in Pokhara Generates Impressive Annual Revenue of 54.2 Million Rupees

    Gupteshwor Mahadev Cave in Pokhara Generates Impressive Annual Revenue of 54.2 Million Rupees


    The Gupteshwor Mahadev Cave in Chhorepatan, Pokhara, renowned for its historical and religious significance, has announced an impressive annual revenue of 54.2 million rupees. As a favored destination among tourists exploring Pokhara, the cave attracts visitors for its cultural and religious importance.

    Information disclosed during the 28th Annual General Meeting of the Gupteshwor Mahadev Cave Conservation Committee reveals that the revenue was generated through various channels. Ticket sales played a significant role, contributing Rs. 42.8 million, while the donation box collected Rs. 2.7 million. Additional funds were sourced from donation receipts (Rs. 5.1 million), bank interest (Rs. 1.6 million), and income generated from rented business complexes and memberships.

    During the inauguration of the AGM, Chief Judge of Pokhara High Court, Madhav Prasad Pokharel, emphasized the importance of channeling the earnings from religious sectors towards the overall development of education, health, and society.

    The event also took the opportunity to acknowledge the contributions of Gandaki Provincial Assembly Secretary Hariram Pokhrel and Dhanusha District Judge Yognath Dhakal, honoring them for their dedicated efforts in the conservation of the Gupteshwor Cave.

  • Mahalaxmi Bikas Bank Calls 22nd AGM: Proposes 6.40% Cash Dividend and Discusses Key Agendas

    Mahalaxmi Bikas Bank Calls 22nd AGM: Proposes 6.40% Cash Dividend and Discusses Key Agendas


    Mahalaxmi Bikas Bank Limited (MLBL) has scheduled its 22nd Annual General Meeting (AGM) for the 28th of Poush, 2080. The venue for the meeting is set at Lainchour Banquet in Lainchaur, Kathmandu, starting at 10 am.

    One of the key agenda items for the AGM is the endorsement of a 6.40% cash dividend for the fiscal year 2079/80. The decision to distribute this dividend on the paid-up capital of Rs. 4.17 Arba was made during the 579th meeting of the board of directors on Poush 3. The proposed 6.40% cash dividend, inclusive of tax, amounts to Rs 26.69 Crore.

    Additionally, another agenda involves the approval of 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 is also on the agenda. The meeting will also address the consideration of increasing the meeting allowances and other facilities for the board of directors.

    The book closure date is set for Poush 19. Shareholders holding shares before this date will be eligible for the dividend payout and are invited to attend the AGM.

  • NEPSE Index Faces Substantial Decline: Market Highlights and Sector Dynamics

    NEPSE Index Faces Substantial Decline: Market Highlights and Sector Dynamics


    The Nepal Stock Exchange (NEPSE) Index recorded a significant double-digit loss of 21.03 points, equivalent to 0.99%, compared to the previous day’s closing, concluding at 2,088.07 points. The index had experienced a substantial loss of 32.77 points in the trading session preceding this one.

    The day’s trading session commenced with the index opening at 2,113.69. It fluctuated throughout the day, hitting an intraday low of 2,082.93 and reaching an intraday high of 2,132.63.

    During the course of today’s trading activities, a total of 309 different stocks were traded in 128,356 transactions. The volume of shares traded amounted to 18,589,379, with a total turnover of Rs. 7.11 Arba. The market capitalization stood at Rs. 32.43 Kharba, accompanied by a float market capitalization of Rs. 11.16 Kharba.

    Notably, SHIVAM CEMENTS LTD (SHIVM) emerged with the highest turnover, totaling Rs. 30.43 crores, and closed at a market price of Rs. 570.

    On the positive side, ten companies experienced a positive circuit for the day. However, on the downside, Jyoti Bikash Bank Bond 2087 (JBBD87) and Nepal Republic Media Limited (NRM) suffered the highest loss, both at 10%, followed by Hathway Investment Nepal Limited (HATHY) at 9.85%.

    Regarding sector indices, all sectors, with the exception of “HydroPower Index,” “Life Insurance,” “Non-Life Insurance,” and “Others Index,” closed in the red. The “Others Index” saw the highest gain at 0.97%, while the “Investment Index” incurred a loss of 3.89%.

  • Bumper Orange Harvest Brings Prosperity to Ichchhakamana: Farmers Set to Earn Rs 100 Million

    Bumper Orange Harvest Brings Prosperity to Ichchhakamana: Farmers Set to Earn Rs 100 Million


    In Ichchhakamana rural municipality, a remarkable achievement in agriculture is anticipated as more than 450 farmers are projected to collectively earn Rs 100 million this year exclusively from orange cultivation. The Agriculture Development Section of the rural municipality has reported that the oranges cultivated by local farmers have garnered favorable prices, resulting in substantial income for the entire community.

    Currently, the selling price of oranges at the farmer’s orchard ranges from Rs 75 to Rs 90 per kilogram, as stated by Section Chief Ashish Tripathi. This success story unfolds across 80 hectares of land in Ichchhakamana rural municipality, with oranges cultivated on 60 hectares in the current year. Out of the 20,000 orange trees in the area, 15,000 have borne fruits.

    Tripathi acknowledged that although this year’s production is slightly lower than the previous year, the farmers have benefited from higher market prices. The Orange Growing Area Expansion Programme, introduced by the Agriculture Knowledge Centre (AKC) last year, led to an increased plantation area. However, the area with higher production did not witness a corresponding expansion.

    In comparison, the orange production for the current year has seen a 12 percent decrease compared to the previous year’s 1,650 metric tonnes, totaling 1,500 metric tonnes. Orange farming plays a crucial role in the economic activities of Ichchhakamana rural municipality and Bharatpur Metropolitan City-29, contributing significantly to the prosperity of these hilly regions in the Chitwan district.

  • NEPSE Index Faces Significant Decline, Marking a Loss of 1.53% in Recent Trading Session

    NEPSE Index Faces Significant Decline, Marking a Loss of 1.53% in Recent Trading Session


    The Nepal Stock Exchange (NEPSE) Index underwent a significant decline, recording a substantial loss of 32.77 points or 1.53% compared to the previous day’s closing, concluding at 2,109.10 points. This decline follows a positive trend in the previous trading day, which witnessed a gain of 35.39 points for the index.

    The market’s opening for the day was at 2,148.16, with an intraday low of 2,102.79 and a high of 2,154.51. In today’s trading activities, 304 different stocks were exchanged in 111,980 transactions. The total volume of shares traded amounted to 17,172,149, with an overall turnover of Rs. 6.27 Arba. The market capitalization stood at Rs. 32.65 Kharba, with a float market capitalization of Rs. 11.25 Kharba.

    SHIVAM CEMENTS LTD (SHIVM) dominated the market with the highest turnover, reaching Rs. 30.68 crores, and closing at a market price of Rs. 590. Notably, eight companies experienced positive circuit movements on this trading day.

    However, SuryaJyoti Life Insurance Company Limited (SJLIC) and Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) faced the highest losses, declining by 7.44% and 7.26%, respectively.

    Examining sector-wise performance, all sectors closed in the red, except for the “Manufacturing And Processing” and “Trading Index.” The “Manufacturing And Processing” sector observed the highest gain of 2.36%, while the “Development Bank Index” registered a loss of 3.23%.

  • 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.

     

  • Upper Tamakoshi Hydropower to Auction 1.7 Million Unsold Ordinary Right Shares

    Upper Tamakoshi Hydropower to Auction 1.7 Million Unsold Ordinary Right Shares


    Upper Tamakoshi Hydropower Limited (UPPER) is gearing up to conduct an auction for 1,70,19,530 unsold ordinary right shares that remained from its earlier 1:1 rights offering. The auction is scheduled to take place from the 13th to the 29th of Poush, 2080.

    The unsold portion of 1,70,19,530 units of ordinary right shares is the residual component from the company’s 1:1 ratio rights issuance, which was made available to its shareholders between the 18th of Bhadra and the 22nd of Ashwin, 2080. During the rights offering, only 8,88,80,470 units were allocated to eligible shareholders, leaving the remaining 1,70,19,530 units to be auctioned to the general public starting from the 13th of Poush.

    The auction is open to both individuals and institutions, and Sunrise Capital Limited has been appointed as the issue manager for this right share auction. The minimum bid rate for the auction is set at Rs. 100, with a minimum bid quantity of 100 units and a maximum bid quantity of 5,00,000 units. While bidders have the option to bid for the entire issue, they are required to adhere to regulatory guidelines limiting the quantity of shares per entity.

    As of the latest update, UPPER has a Last Traded Price (LTP) of Rs. 221.50.

  • Upper Tamakoshi Hydropower Successfully Allots 88.88 Million Units of Right Shares, Refunds Non-Allotted Investors

    Upper Tamakoshi Hydropower Successfully Allots 88.88 Million Units of Right Shares, Refunds Non-Allotted Investors


    On the 28th of Mangsir, 2080, Upper Tamakoshi Hydropower Limited (UPPER) successfully allocated 8,88,80,470 units of right shares to its shareholders. The company initiated the refund process for non-allotted investors starting from the 3rd of Poush, 2080.

    Upper Tamakoshi Hydropower Limited had conducted a 100% right shares offering, open from the 18th of Bhadra to the 22nd of Ashwin, 2080. During this offering, the hydropower company issued 10,59,00,000 units of right shares, amounting to Rs. 10.59 Arba, exclusively for its existing shareholders.

    As per the recent notice, only 8,88,80,470 units of the total right shares issued were allotted to eligible shareholders. The remaining 1,70,19,530 units of right shares will be subsequently made available for purchase through an auction. Sunrise Capital Limited served as the appointed issue manager for this process.