Tag: Shareholder

  • ublic Holiday Declared in Kathmandu Valley, NEPSE to Remain Closed

    ublic Holiday Declared in Kathmandu Valley, NEPSE to Remain Closed


    Government Declares Public Holiday in Kathmandu Valley Districts for Bhoto Jatra Celebration

    The government of Nepal has announced a public holiday in three districts of the Kathmandu valley. According to a press release issued by the Home Ministry, Thursday has been declared a public holiday in observance of the Bhoto Jatra festival. This announcement aims to facilitate the celebration of the festival in Kathmandu valley.

    In light of this decision, all government offices, as well as banks and financial institutions, will remain closed on the designated holiday. The Bhoto Jatra festival is a significant event that marks the conclusion of the month-long Rato Machhendranath Jatra.

    This public holiday provides an opportunity for residents and visitors in the Kathmandu valley to participate in the festivities and cultural traditions associated with Bhoto Jatra. It is a time for celebration, reflection, and honoring the rich heritage of Nepal.

  • National Life Insurance Company Limited Announces Last Day for Dividend

    National Life Insurance Company Limited Announces Last Day for Dividend


    Today is the final day to receive the dividend announced by National Life Insurance Company Limited (NLICL). The company has scheduled its 35th Annual General Meeting (AGM) for the 22nd of Jestha, 2080. The AGM will take place at the company’s headquarters in Lazimpat, Kathmandu, starting at 10:30 AM on that day.

    One of the items on the AGM’s agenda is the approval of a 14.5% dividend for the fiscal year 2078/79. During the 495th board of directors meeting held on Chaitra 30, it was decided to distribute this dividend based on the paid-up capital of Rs. 4.64 Arba. The proposed dividend consists of 8% bonus shares valued at slightly over Rs. 37.12 crores and 6.5% cash dividend (including tax) amounting to Rs. 30.16 crores.

    The book closure date has been set for Jestha 11. Consequently, only shareholders who are still registered as of today will be eligible for the dividend payment and are welcome to attend the AGM.

  • Summit Laghubitta Bittiya Sanstha AGM Announced: Dividend Endorsement, Merger Proposal, and FPO Agenda on the Table

    Summit Laghubitta Bittiya Sanstha AGM Announced: Dividend Endorsement, Merger Proposal, and FPO Agenda on the Table


    Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has announced the date for its 14th Annual General Meeting (AGM) on 30th Jestha, 2080. The meeting is scheduled to take place at Arniko Party Palace in Banepa, commencing at 10:30 AM.

    One of the key agendas of the AGM is the endorsement of a 14.276582% dividend for the fiscal year 2078/79. During the 33rd board of directors meeting held on Falgun 15, it was decided to distribute this dividend on the paid-up capital of Rs. 49.40 crores. The proposed dividend includes a bonus dividend of 13.562753%, amounting to Rs. 6.70 crores, and a cash dividend of 0.713829%, equivalent to Rs. 35.26 lakhs (for tax purposes).

    Additionally, the AGM will discuss and vote on resolutions related to the Due Diligence Audit and Memorandum of Understanding for the proposed merger between Summit Laghubitta and National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS). The share swap ratio for the merger has been set at 100:82, meaning that for every 100 units of Summit’s shares, shareholders will receive 82-unit shares of National Microfinance.

    Furthermore, the meeting will address the issuance of Further Public Offerings (FPO) to the general public, aiming to increase the company’s public shareholding ratio by 30%. Currently, the promoter to public shareholding ratio of the company stands at 80.63:19.37. There is also an agenda to raise the authorized capital to Rs. 70 crores.

    It is important to note that the book closure date has been set on Jestha 18. Shareholders who hold shares before this date will be eligible for the dividend payout and are welcome to attend the AGM. These discussions and resolutions signify the company’s efforts to enhance shareholder value and explore opportunities for growth and expansion.

  • Shubha Laxmi Kosh NAV Report: Fund Size at Rs. 28.14 Crores, Records Net Loss in Baisakh

    Shubha Laxmi Kosh NAV Report: Fund Size at Rs. 28.14 Crores, Records Net Loss in Baisakh


    The latest NAV report for “Shubha Laxmi Kosh,” an open-ended fund, has been released. As of the month of Baisakh, the fund size stands at Rs. 28.14 crores.

    The NAV for Baisakh is recorded at Rs. 9.26. Shubha Laxmi Kosh has invested Rs. 17.22 crores in listed shares and an amount of Rs. 488,276.89 in public issues, right shares, and bonus shares. Additionally, the fund has allocated Rs. 1.44 crores towards bonds/debentures, while the bank balance stands at Rs. 3.84 crores.

    The fund has reported a net loss of Rs. 2.08 crores in the month of Baisakh, compared to a net loss of Rs. 93.09 lakhs in the previous month. These figures provide an overview of the fund’s performance during the specified period, offering insights into the investments made and the financial outcome.

  • Attention Shareholders: Claim Your Outstanding Dividends from Sanima Mai Hydropower Limited (SHPC) Now

    Attention Shareholders: Claim Your Outstanding Dividends from Sanima Mai Hydropower Limited (SHPC) Now


    Sanima Mai Hydropower Limited (SHPC) has issued a notification directed towards shareholders who have not yet received their entitled dividend payments. The company urges these shareholders to take necessary action to claim their outstanding dividends, which were approved during various Annual General Meetings (AGMs).

    In order to receive the due dividends, shareholders are required to submit their share certificate, proof of identity, and copies of relevant documents to Sanima Capital Limited, the share registrar of the company. The designated location for the submission of these documents is at Naxal, Kathmandu.

    This notice serves as a reminder to shareholders who may have overlooked or not yet claimed their dividends from SHPC. By promptly presenting the necessary documents to the share registrar, these shareholders can ensure that they receive their entitled dividend payments in a timely manner.

  • NEPSE Index Surges by 2.71% on Falling Interest Rates and Increased Turnover

    NEPSE Index Surges by 2.71% on Falling Interest Rates and Increased Turnover


    Today, the NEPSE index concluded at 1,942.63, marking a gain of 51.31 points from the previous trading day, representing a 2.71% increase. Yesterday, the index had gained 8.10 points. The trading day began at 1,891.37, which also served as the intraday low. However, the index reached a high of 1,942.64 before ultimately closing at 1,942.63.

    A total of 271 scrips were traded through 38,796 transactions, with 6,067,432 shares changing hands, amounting to a turnover of Rs. 2.2 Arba. This turnover surpasses the previous trading day’s turnover of Rs. 1.278 Arba and marks the highest turnover in three months since February 26, 2023, when the turnover stood at Rs. 2.52 Arba.

    The NEPSE index witnessed significant gains due to decreasing interest rates and a reduction in the CD ratio, which stands at 84.74, the lowest level this year. These factors contribute to increased investor confidence in the bearish market, potentially attracting new investors and additional brokers to foster market growth. Notably, the recent approval of licenses for seven new brokerage houses aligns well with this context and can be seen as beneficial for the market.

    Shivam Cements Limited (SHIVM) recorded the highest turnover of Rs. 10.05 crores, closing at a market price of Rs. 436.50 per share. HIDCLP shares were the most actively traded during the session.

    Four scrips experienced positive circuit limits for the day, indicating substantial upward movements. Conversely, Sunrise First Mutual Fund (SFMF) registered the highest decline of 2.00%.

    All sector indices closed in the green, with the “Manufacturing And Processing” sector gaining the highest at 4.05%, while the “Mutual Fund” sector recorded the least gain of 0.55% for the day.

  • Kumari Bank Limited Initiates Auction of Promoter Shares to General Public

    Kumari Bank Limited Initiates Auction of Promoter Shares to General Public


    Kumari Bank Limited (KBL) is conducting an auction for the sale of 316,140 units of promoter shares to the general public. The auction, which began on 8th Jestha and will continue until 10th Ashad, 2080, allows individual investors, companies, and institutions to participate. The minimum bid rate for the auction is set at Rs. 110, and the minimum bid quantity for promoter shares is 1000 units.

    While bidders have the option to bid for the entire quantity of shares, they must comply with the Nepal Rastra Bank’s regulations, which limit the maximum number of shares that can be held by a single entity. The auction is managed by B.O.K Capital Markets Limited, and the latest trading price (LTP) for KBL stands at Rs. 165.50 as of the time of writing.

  • Himalayan Power Partner Limited Reports Net Loss of Rs. 10.43 Crores in Q3 FY 2079/80

    Himalayan Power Partner Limited Reports Net Loss of Rs. 10.43 Crores in Q3 FY 2079/80


    Himalayan Power Partner Limited (HPPL) has released its third-quarter report for the ongoing fiscal year, revealing a Net Loss of Rs. 10.43 crores. In contrast, during the same quarter of the previous fiscal year, the company had recorded earnings of Rs. 1.70 crores.

    HPPL reported a revenue of Rs. 26.33 crores from the sale of electricity up to the third quarter of FY 2079/80. However, the company incurred costs of Rs. 1.81 crores for sales, Rs. 34.10 lakhs for administrative expenses, and Rs. 54.16 lakhs for employee costs.

    One significant factor impacting the company’s profitability is the financial cost, which amounted to a loss of Rs. 24.86 crores during the first three quarters of the current fiscal year.

    HPPL has a paid-up capital of Rs. 1.06 Arba and has retained earnings of Rs. 11.47 crores. The Earnings per Share (EPS) ratio stands at a negative Rs. – 9.79, while the Net Worth per Share is Rs. 110.77.

    At the end of the third quarter of FY 79/80, the closing price of HPPL’s shares was Rs. 297.

    The completion of the Dordi Khola Hydroelectricity project in Lamjung, with a capacity of 27 MW, has contributed to an increase of 1.53% in current assets and a significant rise of 181.33% in current liabilities compared to the corresponding quarter of the previous fiscal year.

    According to the company’s management analysis, following the successful completion of the project, HPPL is exploring potential investments in other projects to further expand its operations.

  • Nepal’s Trade Deficit Stands at Rs. 12.04 Kharba for First Ten Months of Fiscal Year

    Nepal’s Trade Deficit Stands at Rs. 12.04 Kharba for First Ten Months of Fiscal Year


    Nepal’s trade deficit for the first ten months of the current fiscal year has remained at Rs. 12.04 Kharba, according to the recently released Nepal Trade Statistics by the Department of Customs. This represents a decrease of 15.85% compared to the trade gap of Rs. 14.31 Kharba during the same period in the previous fiscal year. Both imports and exports have also witnessed a decline of 16.78% and 24.49% respectively when compared to the corresponding period of FY 2078/79.

    During the first ten months of FY 2079/80, Nepal’s imports amounted to Rs. 13.35 Kharba, with petroleum products being the top imported commodity, followed by crude soya bean oil and crude palm oil. On the other hand, the country’s exports reached Rs. 1.3 Kharba, experiencing a significant drop compared to the previous year’s figures.

    It is noteworthy that Nepal’s trade deficit has narrowed in the review period, indicating some improvement in the overall trade balance. However, the decline in both import and export values suggests challenges in the external trade sector, which require attention and strategic measures to promote trade growth.

    Please note that the provided data is based on the first ten months (Shrawan-Baishakh) of FY 2079/80, which corresponds to the period from mid-July 2022 to mid-May 2023.

  • Rawa Energy Development Limited Announces Initial Public Offering (IPO) for General Public

    Rawa Energy Development Limited Announces Initial Public Offering (IPO) for General Public


    Rawa Energy Development Limited has recently announced its plan to issue an Initial Public Offering (IPO) to the general public. The company aims to issue 6,43,667 unit shares with a face value of Rs 100, starting from 18th Jestha, 2080. The goal of this IPO is to raise Rs 6.43 crore. The closing date for the IPO is initially set for 22nd Jestha, with the possibility of extension until 32nd Jestha, 2080 if the issue is not fully subscribed.

    Previously, the company had issued 2,80,000 unit shares worth Rs. 2.8 crores to project-affected locals in Khotang District. However, only 31.2% of these shares were allotted to valid applicants, leaving 192,330 unsubscribed shares. These unsubscribed shares, along with 560,000 units (20% of the issued capital reserved for the general public), make a total of 752,330 units available for the general public to apply for.

    Out of the total 752,330 units, 56,000 units have already been issued and allotted to Nepalese citizens working abroad, while 37,616 units have been set aside for mutual funds, and 15,047 units have been reserved for employees of the company. The remaining 643,667 units are open for application by the general public.

    The majority of shares, 70% to be precise, are held by the promoter shareholders of Rawa Energy Development Limited. Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance, and interested investors can apply for a minimum of 10 units and a maximum of 10,000 units.

    CARE Ratings Nepal Limited (CRNL) has assigned an issuer rating of ‘CARE-NP BB (Is)’ to Rawa Energy Development Limited, indicating a moderate risk of default regarding the timely servicing of financial obligations in Nepal.

    Rawa Energy Development Ltd is a public limited company that was originally incorporated as a private limited company on August 16, 2009, and later converted to a public limited company on June 28, 2019. The company is promoted by individuals with extensive experience in the hydropower sector and aims to establish hydroelectric projects in Nepal. Their existing project, the 3 MW Upper Rawa Khola Small Hydropower Project (URKHP) located in Khotang District, has been in commercial operation since September 20, 2020. The project was developed under the BOOT (Build, Own, Operate, and Transfer) mechanism.

  • Gold Prices Skyrocket by Rs. 800 in Domestic Market

    Gold Prices Skyrocket by Rs. 800 in Domestic Market


    The price of gold has experienced a significant increase of Rs. 800 in the domestic market today. As reported by the Federation of Nepal Gold and Silver Dealers’ Association, the current trading rate for fine gold stands at Rs. 110,000 per tola, compared to yesterday’s rate of Rs. 109,200 per tola. Similarly, Tejabi gold is being traded at Rs. 109,500 today, whereas it was priced at Rs. 108,700 per tola yesterday.

    In addition, silver has also seen a price surge of Rs. 15 per tola. The current trading rate for silver in the local market is Rs. 1,385 per tola, up from yesterday’s closing rate of Rs. 1,370 per tola.

    In the international market, the price of gold is currently at USD $1,977.60 per ounce, while silver is being traded at $23.83 per ounce.

  • LBBL Announces 11% Debenture Issuance for Public and Institutions

    LBBL Announces 11% Debenture Issuance for Public and Institutions


    Lumbini Bikas Bank Limited (LBBL) has announced its plan to issue 10,00,000 units of “11% LBBL Debenture 2089” to the general public and institutions. The debenture has a maturity period of 10 years and offers an 11% coupon rate. The application period for the debenture will be open from 16th Jestha to 19th Jestha, 2080, with a possible extension to Jestha 30, 2080, if the issue is not fully subscribed.

    The debenture will be issued at a par value of Rs. 1000 per unit, totaling 10 lakh units. Of these, 60% (6 lakh units) will be subscribed through private placement, while the remaining 4 lakh units worth Rs. 40 Crores will be available for the public to apply, with 5% allocated for mutual funds. The issuance aims to raise a total of Rs. 1 Arba.

    Nabil Investment Banking Limited will act as the issue manager for this debenture issuance. Interested investors can apply for a minimum of 25 units and a maximum of 1,00,000 units.