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Upper Solu Hydro Electric Company Reports Net Profit of 1.08 Crores in Q3; Financial Expenses Increased By Huge Margin of 244.73%
Upper Solu Hydro Electric Company Limited (USHEC) has released its unaudited third-quarter report for FY 2079/2080, reporting a net profit of Rs. 1.08 Crores, indicating a 78.98% decline from the relevant period of the previous fiscal year. The company’s paid-up capital remains at Rs. 1.35 Arba, and it has a negative reserve of Rs 3.64 […]
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The deadline for life and non-life insurance companies to raise capital to Rs 5 billion has passed.
On the 10th of Chaitra 2078, the Nepal Insurance Authority directed that life insurance businesses have a minimum paid-up capital of Rs. 5 Arba. The Insurance Board also encouraged non-life insurance companies to increase their paid-up capital to Rs. 2.5 Arba by the end of Chaitra 2079.
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List of Bank Holidays in Nepal 2080
The central bank of Nepal, Nepal Rastra Bank, has recently unveiled the annual bank holiday schedule for the period of 2080 BS, which spans from April 14, 2023 to April 12, 2024. This comes in response to the government’s decision to permit essential service-providing institutions, such as banks, to operate on specific public holidays as […]
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Reminder! Last Day to Claim Asian Life Insurance Company’s Dividend
Today is the last day to claim the Asian Life Insurance Company Limited (ALICL) dividend. The corporation has scheduled its 15th Annual General Meeting for the 18th of Baisakh, 2080. The meeting will begin at 11:30 a.m. that day in Hotel Classic Simara, Bara.
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Chhyangdi Hydropower Company Approves 100% Right Shares Offering
Chhyangdi Hydropower Company Limited (CHL) has scheduled its 9th Annual General Meeting (AGM) for the 28th of Baisakh, 2080. The conference would begin at 11 a.m. that day in Agrawal Bhawan, Kamalpokhari, Kathmandu.
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Arun Valley Hydropower seeks Electricity Regulatory Commission approval to issue 100% right shares.
Arun Valley Hydropower Development Company Limited (AHPC) intends to give its shareholders 100% rights shares. The board of directors proposed at its meeting on Baisakh 06 to issue right shares in the ratio of 1:1, i.e. 18,679,626 right shares of Rs. 100 par value worth Rs 1.86 arba, so that the company can invest […]
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Union Life Insurance Company requests that shareholders pay taxes on 8.97% bonus shares.
Union Life Insurance Company Limited (ULI) has requested its shareholders to pay the 8.97% bonus share tax. On the 26th of Magh, 2079, the firm held its 5th AGM for the fiscal year 2077/78. The meeting approved 8.97% bonus shares worth Rs. 19,28,55,000 from the company’s paid-up capital of Rs. 2.15 Arba for the […]
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On the 25th of Baisakh, Liberty Energy Company will hold its 11th, 12th, and 13th annual general meetings.
Liberty Energy Company Limited (LEC) has scheduled its 11th, 12th, and 13th Annual General Meetings on the 25th of Baisakh, 2080. The meeting would begin at 11 a.m. that day at Amritbhog Caterings in Kalikasthan, Kathmandu.
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There will be no dividend paid to Excel Development Bank (EDBL) shareholders in fiscal year 2078/79.
Excel Development Bank Limited (EDBL) has announced that it will not pay dividends in fiscal year 2078/79. The EDBL Board of Directors decided on Chaitra 27, 2079, that no dividends will be paid for fiscal year 2078/79. The financial statements, however, are subject to approval by Nepal Rastra Bank and the company’s upcoming Annual […]
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Mirmire Laghubitta (MMFDB) and Nerude Laghubitta (NLBBL) Call for Baisakh 10 SGM to Approve Merger
The Special General Meeting (SGM) of Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) and Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has been scheduled for 10th Baisakh, 2080. The MMFDB meeting will be held at Hotel Sarathi in Dhulikhel, while the NLBBL meeting will be held at Udhyog Sangathan Morang in Biratnagar. The MMFDB meeting will […]
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