Tag: Siddhartha

  • Last Day for Dividend: Siddhartha Premier Insurance & Swarojgar Laghubitta

    Last Day for Dividend: Siddhartha Premier Insurance & Swarojgar Laghubitta


     

    Today marks the deadline to claim the 11% cash dividend offered by Siddhartha Premier Insurance Limited (SPIL). The company has scheduled its 30th Annual General Meeting (AGM) for the 30th of Falgun, 2080. This gathering will take place at Lisara Receptions, Bhagwati Bahal, Kathmandu, commencing at 11:00 a.m.

    During the 19th Board of Directors meeting held on Magh 21, it was decided to distribute an 11% cash dividend, inclusive of taxes. The total value of this dividend amounts to Rs. 30.87 crores. SPIL currently maintains a paid-up capital of Rs. 2.80 Arba.

     

  • Siddhartha Premier Insurance’s 30th AGM: Dividend and Election Key Agendas

    Siddhartha Premier Insurance’s 30th AGM: Dividend and Election Key Agendas


    Siddhartha Premier Insurance Limited (SPIL) has scheduled its 30th Annual General Meeting (AGM) for the 30th of Falgun, 2080. The AGM will take place at Lisara Receptions, Bhagwati Bahal, Kathmandu, starting at 11:00 a.m. On the agenda is the endorsement of an 11% cash dividend for the fiscal year 2079/80, totaling Rs. 30.87 crores, as decided in the 19th Board of Directors meeting held on Magh 21. SPIL’s current paid-up capital is Rs. 2.80 Arba.

    Additionally, the AGM will review and approve the auditor’s report along with the profit and loss statements, financial reports, and cash flow reports. An auditor will also be appointed for the fiscal year 2080/81. Furthermore, there will be elections to select six directors, including four from the promoter shareholder group and two from the public shareholder group.

     

  • 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).

     

  • Siddhartha Premier Insurance Limited Initiates Auction of 300,000 Promoter Shares

    Siddhartha Premier Insurance Limited Initiates Auction of 300,000 Promoter Shares


    The current promoters of Siddhartha Premier Insurance Limited (SPIL) have initiated the auction of 300,000 units of promoter shares, making them available for interested promoter shareholders, as well as the general public and institutions. The auction period spans from the 3rd Magh to the 11th Magh of the year 2080.

    The auction entails the sale of 300,000 units of SPIL’s promoter shares, and interested parties, including both promoter shareholders and the general public or institutions, are eligible to participate. The auction sets a minimum bid rate of Rs. 220, with a minimum bid quantity of 5,000 units for promoter shares.

    NIC Asia Capital Limited has been appointed as the auction manager for this process.

    As of the latest available information, SPIL closed at Rs. 760.00 on the previous day. Concurrently, the Last Traded Price (LTP) for SPILPO stands at Rs. 625.00 as of April 4, 2023.

  • Siddhartha Capital announces a rise in Net Asset Value (NAV), with SIGS3 NAV surpassing par for the month of Mangsir

    Siddhartha Capital announces a rise in Net Asset Value (NAV), with SIGS3 NAV surpassing par for the month of Mangsir


    “Siddhartha Equity Fund (SEF),” a 10-year closed-end mutual fund managed by Siddhartha Capital Limited, has reported an increase in its Net Asset Value (NAV) for Mangsir. According to the financial report, the NAV stands at Rs. 9.68 at the end of Mangsir 2080, up from Rs. 9.16 in the previous month. With a total fund of Rs. 1.50 Arba, SEF has invested in listed shares, public issues, right shares, bonus shares, bonds/debentures, fixed deposits, and maintains a bank balance. The fund reports a net loss of Rs. 5.36 Crores in Mangsir, a significant improvement from the net loss of Rs. 13.07 Crores in the previous month.

    Similarly, “Siddhartha Systematic Investment Scheme (SSIS),” an open-end fund without a maturity period and a fund size of Rs. 57.83 crores for Mangsir, has unveiled its NAV report. The NAV increased to Rs. 9.00 from Rs. 8.54 in the previous month. Investments in listed shares, public issues, FDs, bonds/debentures, and a bank balance are highlighted. SSIS reports a profit of Rs. 25.67 lakhs in Mangsir, rebounding from a loss of Rs. 2.34 crores in the previous month.

    Furthermore, “Siddhartha Investment Growth Scheme 2 (SIGS2),” a 10-year closed-end mutual fund, managed by Siddhartha Capital Limited, reports an increased NAV of Rs. 9.68 in Mangsir, compared to Rs. 9.12 in the previous month. With a total fund of Rs. 1.20 Arba, SIGS2 has invested in listed shares, public issues, right shares, bonus shares, bonds/debentures, FDs, and maintains a bank balance. The fund reports a net loss of Rs. 4.32 crores in Mangsir, improving from a net loss of Rs. 11.11 crores in the previous month.

    Lastly, “Siddhartha Investment Growth Scheme – 3 (SIGS3),” a 10-year closed-end fund with an NAV of Rs. 10.34 in Mangsir, up from Rs. 9.78 in the previous month, has a fund size of Rs. 80.58 Crores. The fund has invested in listed shares, public issues, FDs, bonds/debentures, and maintains a bank balance. SIGS3 reports a net profit of Rs. 21.77 lakhs in Mangsir, a positive shift from the net loss of Rs. 4.28 Crores in the previous month.

  • “Siddhartha Premier Insurance Launches Auction of Promoter Shares: Open to General Public and Institutions”

    “Siddhartha Premier Insurance Launches Auction of Promoter Shares: Open to General Public and Institutions”


    The current promoters of Siddhartha Premier Insurance Limited (SPIL) have initiated the sale of 1,78,865 units of promoter shares through an auction. This auction is open to both interested promoter shareholders and the general public/institutions, spanning from the 4th Poush to the 13th Poush, 2080.

    In this auction, a total of 1,78,865 units of promoter shares from SPIL will be made available. Interested parties, including general public/institutions, who meet the qualification criteria, have the opportunity to participate in the bidding process. The minimum bid rate set for this auction is Rs. 220, and the minimum bid quantity for promoters’ shares is 5000 units.

    The auction management for this process is handled by NIC Asia Capital Limited.

    As of the current information, the Last Traded Price (LTP) for SPIL is Rs. 774.00.

  • Why can’t I sell/select SIGS3 stocks? (Siddhartha Investment Growth Scheme 3)

    Why can’t I sell/select SIGS3 stocks? (Siddhartha Investment Growth Scheme 3)


    I tried to sell a mutual fund from TMS but it is not listed in the \`MF\` list but I could see SIGS2 in it, I just wanted to get rid of this scrip.

    View on r/NepalStock by notprofessorbean

  • Is this the same as Renew of DEMAT/MEROSHARE or do I need to pay again for SIDDHARTHA BANK?

    Is this the same as Renew of DEMAT/MEROSHARE or do I need to pay again for SIDDHARTHA BANK?


    DEMAT/MEROSHARE renew garisakeko xa 2 years ko. Bank lai xuttai tirnuparne ho rs.100 yearly charges? Bujaidinu ta sathiharu

    https://preview.redd.it/9o5zt6gzd1la1.jpg?width=1512&format=pjpg&auto=webp&s=dbe9163b75cbc3964b4548118416849273813d7e

    View on r/NepalStock by Specific_Animal9391

  • Siddhartha Capital’s 12th AGM: Financial Reports, Dividend, and Auditor Appointment on Agenda

    Siddhartha Capital’s 12th AGM: Financial Reports, Dividend, and Auditor Appointment on Agenda


    Siddhartha Capital Limited (SIDCL) has announced its 12th Annual General Meeting (AGM), scheduled for the 25th of Ashwin, 2080 (October 12, 2023). The meeting will convene at Siddhartha Capital’s headquarters in Naxal, Kathmandu, commencing at 4 pm on that day.

    The AGM will address several key agendas, including the endorsement of financial reports for the fiscal year 2079/80. Additionally, the meeting will seek approval for the auditor’s report, which encompasses Profit and Loss (PL) statements, financial reports, and cash flow reports for the same fiscal year. Furthermore, the appointment of an auditor for the upcoming fiscal year 2080/81 will be presented for endorsement.

    One of the significant matters to be discussed and approved during the AGM is the declaration of a 25% cash dividend, which includes taxes and amounts to a total of Rs. 5 crores. This dividend distribution represents an important decision that will impact the company’s shareholders.

  • “Last Chance to Secure Dividend from Siddhartha Capital’s Mutual Funds”

    “Last Chance to Secure Dividend from Siddhartha Capital’s Mutual Funds”


     

    Today marks the final trading day before the book closure date for Siddhartha Capital’s mutual funds’ dividend distribution. The book closure date is Bhadra 12, and investors holding units until today will be eligible for the cash dividend.

    During a Board of Directors meeting held on the 32nd day of Shrawan, Siddhartha Capital Limited decided to allocate a 5% cash dividend of Rs. 7.5 Crores for Siddhartha Equity Fund (SEF) and a 6.5% cash dividend (inclusive of tax) totaling Rs. 7.8 Crores for Siddhartha Investment Growth Scheme – 2 (SIGS2) for the fiscal year 2079/80, benefiting the unit holders.

  • “Siddhartha Capital Announces Book Closure Date for Mutual Fund Dividend”

    “Siddhartha Capital Announces Book Closure Date for Mutual Fund Dividend”


     

    Siddhartha Capital Limited has announced the date for the book closure regarding dividends for its mutual funds. The deadline is set for the 13th of Bhadra. Investors who hold units before this date will be eligible to receive the dividend payments.

    During a Board of Directors meeting on the 32nd of Shrawan, Siddhartha Capital Limited decided to distribute dividends to its mutual fund unit holders. For the fiscal year 2079/80, a 5% cash dividend amounting to Rs. 7.5 Crores will be given to unit holders of Siddhartha Equity Fund (SEF), while a 6.5% cash dividend (inclusive of tax) totaling Rs. 7.8 Crores will be distributed to unit holders of Siddhartha Investment Growth Scheme – 2 (SIGS2).

     

  • “Siddhartha Capital Declares Dividends for Mutual Fund Schemes FY 79/80”

    “Siddhartha Capital Declares Dividends for Mutual Fund Schemes FY 79/80”


     

    During the fiscal year 2079/80, Siddhartha Capital Limited has proposed cash dividends for unitholders of Siddhartha Equity Fund (SEF) and Siddhartha Investment Growth Scheme – 2 (SIGS2), amounting to 5% and 6.5% (including tax) respectively. However, no dividend will be distributed to unitholders of Siddhartha Investment Growth Scheme 3 (SIGS3) during the same period. The decision was made during a board meeting held on the 32nd of Shrawan, with a total cash dividend of Rs. 7.5 Crores for SEF and Rs. 7.8 Crores for SIGS2.