Tag: Proposes

  • ALICO Proposes 5% Cash Dividend for FY 2079/80 Pending Regulatory Approva

    ALICO Proposes 5% Cash Dividend for FY 2079/80 Pending Regulatory Approva


    Sagarmatha Lumbini Insurance Company Limited (SALICO) has put forward a proposal to issue a 5% cash dividend for the fiscal year 2079/80. The decision to distribute this dividend was made during the 18th meeting of the board of directors held on Falgun 14. The proposed cash dividend is based on the existing paid-up capital of SALICO, which stands at Rs. 2.62 Arba.

    It’s important to note that this dividend proposal is contingent upon approval from both the Nepal Insurance Authority and the forthcoming Annual General Meeting (AGM). The regulatory approval and the endorsement from the shareholders at the AGM are necessary steps before the dividend can be officially declared.

    As of the latest available information, SALICO concluded its trading session at Rs. 658.00. This dividend announcement reflects the company’s intention to distribute a portion of its profits to its shareholders, providing them with a return on their investment in the form of cash dividends, pending the required approvals.

  • Sun Nepal Life Insurance Proposes Dividend and Right Shares

    Sun Nepal Life Insurance Proposes Dividend and Right Shares


     

    Sun Nepal Life Insurance Company Limited (SNLI) plans to distribute a dividend of 25.0526% and offer 27% right shares for the fiscal year 2079/80. Following their 99th Board of Directors meeting on Falgun 11, they’ve decided on a 23.8% bonus share valued at Rs. 76.16 crores and a 1.2526% cash dividend worth Rs. 4.00 Crore (including tax). Additionally, the company aims to issue 27% right shares after accounting for the allocation of 23.8% bonus shares from the current paid-up capital of Rs. 3.20 Arba. This adjustment will raise the paid-up capital to Rs. 3.96 Crores after incorporating the bonus shares.

     

  • Deprosc Laghubitta Proposes 10.52632% Dividend; Bonus Shares and Cash Distribution Breakdown

    Deprosc Laghubitta Proposes 10.52632% Dividend; Bonus Shares and Cash Distribution Breakdown


     

    Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has proposed a dividend of 10.52632% for the fiscal year 2079/80. In a meeting held on Falgun 3, the 344th board of directors decided to distribute this dividend based on the paid-up capital of Rs. 1.55 Arba. The proposal includes 10% bonus shares and 0.52632% cash dividend for tax purposes. The value of the bonus shares is estimated at Rs. 15.51 crores, and the cash dividend amounts to Rs. 81.63 lakhs. However, the dividend distribution is subject to approval by the central bank and endorsement at the company’s upcoming AGM.

     

  • Himalayan Reinsurance Proposes 80% Right Shares Post Bonus Adjustment

    Himalayan Reinsurance Proposes 80% Right Shares Post Bonus Adjustment


     

    Himalayan Reinsurance Limited (HRL) has scheduled its 3rd Annual General Meeting (AGM) for the 20th of Falgun, 2080, to be held at Rastriya Sabha Griha, Pradarshani Marg, Kathmandu, starting at 11:00 AM.

    One of the key agendas of the AGM is the approval of a 4.21% dividend for the fiscal year 2079/80. During the 55th board of directors meeting on Magh 25, it was decided to distribute the dividend on the paid-up capital of Rs. 10 Arba. The proposed distribution includes 4% bonus shares and 0.21% cash dividend for tax purposes. This translates to bonus shares valued at Rs. 40 crores and a cash dividend of Rs. 2.10 crores.

     

  • Himalayan Reinsurance Proposes 4.21% Dividend for FY 2079/80; Includes Bonus Shares and Cash

    Himalayan Reinsurance Proposes 4.21% Dividend for FY 2079/80; Includes Bonus Shares and Cash


    Himalayan Reinsurance Limited (HRL) has suggested a dividend of 4.21% for the fiscal year 2079/80. In a decision made during the 55th board of directors meeting on Magh 25, it was agreed to distribute this dividend based on the paid-up capital of Rs. 10 Arba. The proposal includes 4% bonus shares and a 0.21% cash dividend, totaling Rs. 40 crores and Rs. 2.10 crores respectively. However, the dividend distribution is subject to approval by the central bank and endorsement at the company’s upcoming Annual General Meeting (AGM).

     

  • Siddhartha Premier Insurance Proposes 11% Cash Dividend for FY 2079/80

    Siddhartha Premier Insurance Proposes 11% Cash Dividend for FY 2079/80


    Siddhartha Premier Insurance Limited (SPIL) has proposed an 11% cash dividend totaling Rs. 30.87 Crores for the fiscal year 2079/80.

    In a decision made during the 19th board of directors meeting on Magh 21, SPIL announced the distribution of an 11% cash dividend, inclusive of tax, amounting to Rs. 30.87 crores. The company’s current paid-up capital stands at Rs. 2.80 Arba.

    However, the approval of the cash dividend is pending, awaiting the nod from the Nepal Insurance Authority and the upcoming Annual General Meeting (AGM).

     

  • Asian Life Insurance Plans 42% Right Shares Post Bonus Adjustment for Capital Needs

    Asian Life Insurance Plans 42% Right Shares Post Bonus Adjustment for Capital Needs


     

    Asian Life Insurance Company Limited (ALICL) has decided to issue 42% right shares after adjustments, as confirmed in their Board of Directors meeting on Friday, Magh 19. This adjustment takes into account the allocation of 7.75% bonus shares from the current paid-up capital of Rs. 3.15 Arba. With the inclusion of bonus shares, the enhanced paid-up capital will amount to Rs. 3.39 Crores.

    In the 188th board meeting on Magh 12, ALICL’s directors proposed the distribution of 7.75% bonus shares valued at Rs. 24.45 crores. Additionally, a 0.4078% cash dividend, intended for tax purposes, will be disbursed, totaling slightly over Rs. 1.28 crores.

     

  • Suryodaya Womi Laghubitta (SWMF) Proposes 14.07% Bonus Shares for FY 2079/80

    Suryodaya Womi Laghubitta (SWMF) Proposes 14.07% Bonus Shares for FY 2079/80


    Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) has suggested a 14.077% bonus share distribution for the fiscal year 2079/80.

    In their 216th board meeting on Magh 19, the directors decided to allocate the dividend on the paid-up capital of Rs. 91,07,82,508.50. The entire dividend amount is proposed to be given in the form of bonus shares, making the total value of these shares Rs. 12,82,10,853.72.

     

  • Swarojgar Laghubitta Proposes 7.3684% Dividend, Rs. 4.62 Crores for FY 2079/80 with 7% Bonus Shares and Rs. 23.10 Lakhs Cash

    Swarojgar Laghubitta Proposes 7.3684% Dividend, Rs. 4.62 Crores for FY 2079/80 with 7% Bonus Shares and Rs. 23.10 Lakhs Cash


    Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) is set to reward its stakeholders with a proposed dividend of 7.3684%, amounting to Rs. 4.62 crores for the fiscal year 2079/80. The decision was made during the 263rd board meeting on Magh 15, where the directors recommended a distribution on the paid-up capital of Rs. 62.72 Crores. The proposed dividend includes a 7% bonus in shares, equivalent to Rs. 4.39 crores, and a 0.3684% cash dividend, specifically for tax purposes, totaling Rs. 23.10 lakhs. However, the disbursement is contingent upon approval from the central bank and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). This dividend proposal reflects SLBBL’s commitment to providing value to its shareholders while maintaining regulatory compliance in the financial sector.

     

  • United Ajod Insurance (UAIL) Proposes 10.8013% Dividend for Fiscal Year 2079/80

    United Ajod Insurance (UAIL) Proposes 10.8013% Dividend for Fiscal Year 2079/80


    United Ajod Insurance Limited (UAIL) has put forth a proposal for a 10.8013% dividend for the fiscal year 2079/80. This decision was reached during a board of directors meeting held on Magh 04. The proposed dividend distribution includes 10.2612% in bonus shares and 0.5401% in cash dividend, the latter being designated for tax-related purposes. The current paid-up capital of the company stands at Rs. 1.90 Arba.

    The finalized distribution of the dividend is contingent upon approval from the Nepal Insurance Authority and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). UAIL concluded at Rs. 656 on Thursday.

  • NLG Insurance Proposes 5.79% Dividend for Fiscal Year 2079/80

    NLG Insurance Proposes 5.79% Dividend for Fiscal Year 2079/80


    NLG Insurance Company Limited (NLG) has proposed a dividend of 5.78947% for the fiscal year 2079/80. In the 422nd meeting of the board of directors held on Poush 29, the decision was made to distribute this dividend on the paid-up capital of Rs. 1,45,92,75,791. The proposed dividend includes 5.5% bonus shares valued at slightly over Rs. 8.02 crores and a 0.28947% cash dividend (for tax purposes) amounting to Rs. 42.24 lakhs. It’s important to note that the distribution of the dividend is contingent upon approval from the Nepal Insurance Authority and endorsement during the company’s upcoming Annual General Meeting (AGM). NLG’s closing stock price last Thursday was Rs. 845.40.

    The dividend history of NLG indicates its consistent efforts to reward shareholders. The graphical representation illustrates the company’s commitment to providing returns to its investors over time.

  • Reliable Nepal Life Insurance Limited Proposes Inaugural Dividend of 16.84% for FY 2079/80

    Reliable Nepal Life Insurance Limited Proposes Inaugural Dividend of 16.84% for FY 2079/80


    Reliable Nepal Life Insurance Limited (RNLI) has put forward a proposal for a dividend of 16.84% for the fiscal year 2079/80. This marks a significant move as it represents the company’s inaugural dividend offering. The decision was made during the 126th board of directors meeting held on Poush 24. The proposed dividend will be distributed based on the paid-up capital of the company, which stands at Rs. 4 Arba. The distribution includes 16% bonus shares, equivalent to Rs. 64 crore, and a 0.84% cash dividend, totaling Rs. 3.36 crore. The cash dividend is specifically proposed to cover the tax amount associated with the issuance of bonus shares.

    It’s important to note that the dividend distribution is contingent upon approval from the Nepal Insurance Authority and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). RNLI concluded trading at Rs. 558.00 on the last trading day.

    This dividend proposal reflects the company’s commitment to providing returns to its shareholders and acknowledges the financial performance of Reliable Nepal Life Insurance Limited during the mentioned fiscal year. The final approval and distribution of the dividend will be subject to regulatory and shareholder approval processes.