Tag: Unveils

  • Terhathum Power Company Limited Announces 6th AGM and Right Share Issuance Plans

    Terhathum Power Company Limited Announces 6th AGM and Right Share Issuance Plans


    Terhathum Power Company Limited (TPC) has announced its 6th Annual General Meeting (AGM) scheduled for the 21st of Poush, 2080 (January 6, 2024). The meeting is slated to commence at 12:30 p.m. and will take place at the Company Register Office in Battisputali, Kathmandu.

    The key agendas for the AGM include the endorsement of the company’s annual report, approval of the auditor’s report for the fiscal year 2079/080, encompassing profit and loss statements, financial reports, and cash flow statements. Additionally, the meeting will address the appointment of auditors and the determination of their remuneration for the upcoming fiscal year 2080/81. The agenda also includes miscellaneous matters for discussion.

    In addition to the AGM proceedings, there is an agenda pertaining to the issuance of right shares at a ratio of 1:1 on the paid-up capital amounting to Rs. 40 Crores. The book closure date has been set for the 28th of Mangsir. Shareholders who maintain their positions before this date will be eligible to participate in the AGM and engage in the decision-making processes.

  • Shangrila Development Bank Calls 19th AGM: Approves 5.263% Dividend and Addresses Key Agendas for Fiscal Year 2079/80

    Shangrila Development Bank Calls 19th AGM: Approves 5.263% Dividend and Addresses Key Agendas for Fiscal Year 2079/80


    Shangrila Development Bank Limited (SADBL) has announced its 19th Annual General Meeting (AGM), scheduled for the 24th day of Mangsir, 2080. The meeting is set to take place at Lainchaur Banquet in Kathmandu, commencing at 11 AM.

    One of the significant agendas for the AGM is the endorsement of a 5.263% dividend amounting to Rs. 17.19 crores for the fiscal year 2079/80. This decision was made during a board of directors meeting held on Kartik 03. The proposed dividend will be distributed based on the paid-up capital of the bank, which stands at Rs. 3.26 Arba. The distribution includes 5% bonus shares and 0.263% cash dividend for tax purposes, translating to slightly over Rs. 16.33 crores and a little over Rs. 85.98 lakhs, respectively.

    Additionally, the AGM will address the endorsement of the auditor’s report, covering Profit and Loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. Plans for the appointment of an auditor for the fiscal year 2080/81 are also on the agenda. The meeting will also seek approval for the revision of the Articles of Association, as the issuance of bonus shares will lead to an increase in the paid-up capital.

    The book closure date for the proposed dividend and the AGM is set from the 11th to the 24th day of Mangsir, 2080. Shareholders recorded within this period are eligible for the dividend payout and are invited to attend the AGM.

  • Standard Chartered Bank Nepal Calls 37th AGM: Dividend Declaration, Financial Reports, and Amendments on the Agenda

    Standard Chartered Bank Nepal Calls 37th AGM: Dividend Declaration, Financial Reports, and Amendments on the Agenda


    Standard Chartered Bank Nepal Limited (SCB) has announced its 37th Annual General Meeting (AGM) scheduled for December 10, 2023, corresponding to the 24th day of Mangsir, 2080. The meeting is set to take place at the Army Officers Club in Bhadrakali, Kathmandu, starting at 1 PM, with the attendance book available for signatures from 8:00 AM onwards.

    One of the key items on the agenda is the endorsement of a 19% cash dividend (including tax), equivalent to 19 rupees, considering the bank’s paid-up capital of Rs. 9.42 Arba. Additionally, the AGM will seek approval for the annual report covering the financial year 2079/80.

    The meeting will also address the endorsement of the auditor’s report, encompassing Profit and Loss statements, balance sheets for the mid-2080 period, financial reports, and cash flow statements for the fiscal year 2079/80. Furthermore, the appointment of an auditor for the fiscal year 2080/81 will be discussed. The agenda extends to the approval of the revision of the Articles of Association, with provisions allowing the board of directors to make necessary changes if suggested by regulatory bodies or offices during the proposed amendment.

    The book closure date is set for the 7th day of Mangsir, 2080. Shareholders registered before this date are eligible for the dividend payout and are invited to attend the AGM. Participation requires the signing of the attendance book, accessible from 8:00 AM onward on the day of the meeting.

  • “SEBON Free Trade Union Launches Special Edition of Share Market Digdarshan Publication Amid Festive Celebrations”

    “SEBON Free Trade Union Launches Special Edition of Share Market Digdarshan Publication Amid Festive Celebrations”


    During the festive occasions of Tihar, Nepal Sambat, and Chhat, the SEBON Free Trade Union introduced a special edition of its Share Market Digdarshan publication for the year 2080 on Kartik 24, 2080. The unveiling event witnessed the presence of Mr. Narayan Paudel, the chairman of the union, and Mr. Ramesh Kumar Hamal, the chairman of the board, according to a media statement.

    The SEBON Free Trade Union chose the auspicious timing of the festivals to release this special edition of Share Market Digdarshan, providing insights and information related to the share market for the specified year. The event aimed to engage stakeholders and members in the union during the festive season, fostering a spirit of celebration and community within the context of financial literacy and market awareness.

  • Shine Resunga Development Bank Announces 15th AGM with 11.05% Dividend Proposal and Strategic Agenda

    Shine Resunga Development Bank Announces 15th AGM with 11.05% Dividend Proposal and Strategic Agenda


    Shine Resunga Development Bank Limited (SHINE) has announced its 15th Annual General Meeting (AGM) scheduled for the 23rd of Mangsir, 2080. The venue for the meeting is set at Dreamland Gold Resort & Hotel Pvt. Ltd. in Manigram, Rupandehi, commencing at 11 a.m. on the specified day.

    One of the key items on the AGM agenda is the approval of an 11.05% dividend for the fiscal year 2079/80. The proposal for this dividend was put forth during the bank’s 280th board meeting held on the 23rd of Ashwin 2080. The proposed dividend is calculated based on the bank’s paid-up capital, which currently stands at Rs. 4.28 Arba. The dividend comprises 10.5% bonus shares valued at Rs. 44.98 crores and 0.55% cash dividend (inclusive of tax) amounting to Rs. 2.36 crores.

    Additionally, the AGM will address various other matters, including the endorsement of the auditor’s report containing Profit and Loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. The appointment of an auditor for the upcoming fiscal year 2080/81 is also on the agenda. Furthermore, there will be a discussion about identifying suitable banks and financial institutions for potential merger and acquisition opportunities with Shine Resunga Development Bank.

    Shareholders are reminded that the book closure date is from the 11th to the 23rd of Mangsir, 2080. Only shareholders recorded on this day are eligible for the dividend payout and are invited to attend the AGM.

  • Hyundai Kona GL Reveals Affordable Price in Nepal: NPR 59.96 Lakh

    Hyundai Kona GL Reveals Affordable Price in Nepal: NPR 59.96 Lakh


    Laxmi Continental, the authorized Hyundai dealer in Nepal, has announced the pricing for the Hyundai Kona GL in the Nepalese market. The base model of the Hyundai Kona GL is priced at NPR 59.96 lakhs, while the GL/S variant comes in at NPR 64.96 lakhs. This electric vehicle offers an impressive 305 kilometers of range on a single charge. It also features a 100-watt charger that can fill up 80% of the battery in just 54 minutes. The Hyundai Kona GL is available in six different colors, providing buyers with a variety of choices.

     

  • Everest Bank Sets Book Closure Date for 20.53% Dividend; AGM on Ashwin 30

    Everest Bank Sets Book Closure Date for 20.53% Dividend; AGM on Ashwin 30


    Everest Bank Limited (EBL) has scheduled its 29th Annual General Meeting (AGM) for the 30th of Ashwin, 2080, to be held at Lainchaur Banquet in Kathmandu, starting at 11 a.m.

    One of the key items on the AGM agenda is the approval of a 20.53% dividend for the fiscal year 2079/80. In a meeting on Bhadra 27, the Board of Directors (BODs) decided to distribute this dividend, which consists of a 10.53% cash dividend and a 10% bonus share from the company’s paid-up capital. The total paid-up capital of the company currently stands at Rs. 10.69 Arba, and it’s important to note that the cash dividend already includes the tax amount for the bonus shares.

     

  • NIC Asia Bank Announces Book Closure and AGM for 30.5% Dividend Distribution

    NIC Asia Bank Announces Book Closure and AGM for 30.5% Dividend Distribution


    NIC Asia Bank Limited (NICA) has announced important dates and details regarding its upcoming Annual General Meeting (AGM) and dividend distribution. The bank has set the book closure date for its 30.5% dividend from Ashwin 16 to Ashwin 28. Additionally, NICA has scheduled its 26th AGM for the 28th of Ashwin, 2080, to be conducted at the Army Officer’s Club in Sundhara, Kathmandu, commencing at 9 AM.

    One of the primary agendas of this AGM is to seek approval for a 30.5% dividend for the fiscal year 2079/80. This dividend distribution plan includes the issuance of 29% bonus shares and a 1.5% cash dividend, all derived from the bank’s paid-up capital of Rs. 11.56 Arba. Consequently, the bonus shares are valued at Rs. 3.35 Arba, while the cash dividends amount to Rs 17.35 Crores.

    To be eligible for the dividend payout and participation in the AGM, shareholders must be in possession of shares maintained in their name until the 15th of Ashwin. This ensures that those who have held shares up to this specified date are entitled to the proposed dividends and can exercise their voting rights at the upcoming AGM.

  • “Sunrise Capital Releases Mutual Fund NAV Report for Shrawan Month”

    “Sunrise Capital Releases Mutual Fund NAV Report for Shrawan Month”


     

    Sunrise First Mutual Fund (SFMF), a closed-end fund with a 10-year maturity, has released its monthly Net Asset Value (NAV) report for the month of Shrawan. The NAV for this period is Rs. 12.90, slightly lower than the previous month’s Rs. 12.92.

    Starting with an initial capital of Rs. 86 crores, SFMF has made investments of Rs. 59.7 crore in listed shares and Rs. 18.07 crore in bonds and debentures until the end of Shrawan. Additionally, it has put Rs. 3.91 crore into public issues, rights issues, and bonus shares, and holds Rs. 8 crore in fixed deposits. The fund’s bank balance is Rs. 21.29 crores.

    In terms of profits, SFMF has reported a net profit of Rs. 4.91 crore for the month of Shrawan, a decrease from the Rs. 11.49 crore net profit in the preceding month.

     

  • “Molung Hydropower’s IPO Release Followed by Disappointing Q4 Report; EPS at Rs. -1.42”

    “Molung Hydropower’s IPO Release Followed by Disappointing Q4 Report; EPS at Rs. -1.42”


     

    .

    Molung Hydropower Company Limited (MHCL) has released its Q4 financial report for the recently concluded fiscal year 2079-80, revealing a net loss of Rs. 1.14 crores. In comparison, during the same period in the previous fiscal year 2078-79, the company had recorded earnings of Rs. 55.46 lakhs.

    The drop in net profits has led to a decrease in the company’s Earnings per Share (EPS), which now stands at Rs. -1.42. Additionally, the Net worth per Share has fallen below par, reaching just Rs. 75.80.

     

  • “Nabil Investment Banking’s Mutual Funds NAV Report for Ashad; Dividends Expected for Two Schemes”

    “Nabil Investment Banking’s Mutual Funds NAV Report for Ashad; Dividends Expected for Two Schemes”


     

    Nabil Equity Fund (NEF) has released its monthly Net Asset Value (NAV) report for the month of Ashad. The latest NAV is Rs. 10.82, showing an increase from the previous month’s Rs. 10.37. The fund, which started with a size of Rs. 1.25 Arba, has allocated Rs. 75.86 crores in shares of listed companies and Rs. 1.4 crores in non-listed shares. Additionally, it has invested Rs. 37.5 crore in fixed deposit schemes and Rs. 11.02 crore in debentures. NEF also holds Rs. 8.37 crores in bank balance.

     

  • “Upper Tamakoshi Hydropower (UPPER) Announces Book Closure Date for 100% Rights Offering”

    “Upper Tamakoshi Hydropower (UPPER) Announces Book Closure Date for 100% Rights Offering”


     

    Upper Tamakoshi Hydropower Limited (UPPER) will be offering 100% right shares to its existing shareholders. The company will issue 105,900,000 units of right shares at a 1:1 ratio. Shareholders who hold shares until Shrawan 25 will be eligible for the rights offering. The company’s paid-up capital, currently at Rs. 10.59 Arba, will double to Rs. 21.18 Arba after the issuance of the proposed right shares.