Starting today, on the 3rd of Ashadh, 2081, the current promoters of Kamana Sewa Bikas Bank Limited (KSBBL) will auction off 78,319 units of shares to prospective promoter shareholders.
There will be an auction of 78,319 unit promoter shares of KSBBL. Promoter shareholders who are interested may submit bids for the auction within 35 days of this notice's publication date, which is on the third of Ashadh. Bids from shareholders are to be submitted at the bank's headquarters office in Gyaneshwor, Kathmandu.
The shares will thereafter be put up for public auction if no offers are received from current promoter shareholders within the allotted period.
KSBBL ended the day at Rs. 372. KSBBLP, meanwhile, has a 200.00 rupee LTP.
Starting today, 52,358 units of shares of Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) would be auctioned off to interested promoter shareholders by the current promoter.
Specifically, Gudakar Sapkota plans to sell 24,526 units of promoter shares to the current promoter owners, Dolraj Sapkota plans to sell 3,174 units, Kamala Sharma plans to sell 17,024 units, and Prakash Thapa Magar plans to sell 7,634 units.
Interested shareholders are asked to submit bids for the auction no later than the 3rd of Ashadh, 2081, which is 35 days from the date of publication of this notice. The corporate office of the organization, located at Mahalaxmi-04, Lalitpur, or Kumari Capital Limited, located at Naxal, Nagpokhari, Kathmandu, are the places where stockholders should submit their bids. The shares will eventually be put up for public auction if no offers from current founder shareholders are received in the allotted time.
SWMF ended the day at 887.00. In the meantime, SWMFPO's LTP is Rs. 251.10
A budget of Rs 64.54 billion has been announced by the government of Bagmati Province for the fiscal year 2081/82. At Saturday's province assembly meeting, Minister of Economic Affairs and Planning Jagannath Thapaliya presented the budget, which included allocations of Rs. 26.1 billion for current spending and Rs. 36.93 billion for capital spending. The current fiscal year's budget has been increased by Rs 1.83 billion to this one.
The fact that Rs 1.5 billion has been set aside for fiscal management was emphasized by Minister Thapaliya. The allocation of the budget is divided into three categories: current spending (40.44 percent), capital spending (55.23 percent), and fiscal management (2.32 percent).
The budget for the next fiscal year places a high priority on the fields of education, health care, agriculture, and tourism. Furthermore, the province administration has proclaimed the next fiscal year as the "Skill Year," with the goal of improving skill development and vocational training throughout the province.
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Out of the 1,671,106 active insurance policies, non-life insurance companies collected a total of Rs. 22.39 Arba in premiums during the first seven months of the fiscal year 2080–81, according to a data provided by the Insurance Authority.
With a total of Rs. 2.89 Arba, Shikhar Insurance Company Limited received the most premium from the non-life insurance market. Comparably, Sagarmatha Lumbini Insurance Co Ltd, which has 172,474 insurance policies, was paid Rs. 2.67 Arba in premium for its insurance up to Magh in the fiscal year 2080–1981.
Neco Insurance Limited holds the record for the most insurance policies with 179,234 with an average price of Rs. 1.87 Arba. Nonetheless, the National Insurance Company Ltd. produced the fewest premiums. due to its 20,555 active insurance policies, or Rs. 69.44 Crores.
The 37th AGM of Nepal Investment Mega Bank Limited (NIMB) has been set on April 20, 2080, and the book close date has been announced. On that day, the conference would begin at 10:00 AM at Nepal Pragya Pratisthan in Kamaladi, Kathmandu.
The following are the AGM's agenda items:
1) Accept the fiscal year 2079–2080 annual report.
2) Approve the auditor's report together with the 2079–2080 PL, financial, and cash flow statements.
3) To approve the financial statement of 2079/080 as well as the consolidated financial statement of "NIMB Ace Capital and NIMB Stock Market".
4) Selecting the auditor and establishing their salary for the 2080–2081 fiscal year.
5) The promoter shareholding group will elect four directors, and the public shareholding group will elect two directors.
6) Unspecified.
The fiscal year 2079–2080 will see no dividend payments from the corporation.
The AGM's book close is set on Falgun 24, 2080. As a result, everyone who owned stock prior to that date is eligible to attend the AGM.
Dordi Khola Hydropower Company Limited (DORDI) has received final clearance from the Electricity Regulatory Commission to issue the appropriate shares in a 1:1 ratio for its shareholders.
It was determined during the company's Board of Directors (BOD) meeting on Bhadra 8 to issue 1:1 or 100% right shares. With 10,542,604 unit shares registered on the Nepal Stock Exchange (NEPSE) as of right now, DORDI has Rs. 1.05 Arba in paid-up capital. Once all of the right shares have been issued, the paid-up capital will rise to Rs. 2.10 Arba.
But the business won't provide its stockholders the appropriate shares until SEBON has given its clearance. Yesterday, DORDI closed at Rs. 461.20.
Similarly, Rapti Hydro & General Construction Limited (RHGCL) has received final clearance from the Electricity Regulatory Commission to issue the appropriate shares in a 1:1 ratio for its shareholders.
It was determined during the company's Board of Directors (BOD) meeting on Bhadra 29 to issue 1:1 or 100% right shares. With 6,127,938 unit shares registered on the Nepal Stock Exchange (NEPSE) at the moment, RHGCL has Rs. 61.27 crore in paid-up capital. Once all of the right shares have been issued, the paid-up capital will rise to Rs. 1.22 Arba.
But the business won't provide its stockholders the appropriate shares until SEBON has given its clearance. Yesterday, RHGCL ended at Rs. 297.00.
Sarbottam Cement Limited issued 27,76,076 units of shares to the general public through a rigorous book-building procedure that took place from the 13th to the 16th of Falgun. The IPO was successfully completed.
The corporation distributed 2,67,000 units to Nepalese nationals employed overseas in the previous round of issue, and 9,30,000 units to Palpa residents impacted by mine excavation and Nawalparasi people affected by industry. Only 2,48,470 units, however, were assigned to eligible applicants. As a consequence, the 4,87,910 unsubbed shares were added to the public pool, making a total of 30,84,530 units available for subscription. Of these, mutual funds and corporate workers received 1,54,227 units apiece, while the remaining 27,76,076 units were made available to the general public.
12.9033% of Sarbottam Cement's capital, or 60 lakh shares valued at 60 crores, or Rs 4.65 Arba, were issued. Of these, 40% (24 lakh shares) went to Qualified Institutional Investors (QIIs), while the remaining 60% (36 lakh shares) went to the general public, which included people in the area impacted by the industry, immigrants from other countries, mutual funds, workers of the firm, and the general public.
The IPO application procedure, which allowed interested investors to subscribe for a minimum of 50 units and a maximum of 10,000 units, was overseen by Global IME Capital, acting as the issue manager. Common investors' share price was fixed at Rs. 360.90 per share using the exacting book-building process.
With a total value of Rs 1 Arba, Kumari Capital Limited launched the "Kumari Sabal Yojana," its most recent closed-end mutual fund scheme. This fund's subscription period ran from the 28th of Magh to the 13th of Falgun, 2080. On the 16th of Falgun at 10 AM, the allotment program, which was held at the fund manager's location in Naxal, Kumari Capital, was concluded.
Of the total 10 crore unit shares, 10 lakh units valued at Rs. 1 crore were allotted to Kumari Capital Limited, the scheme manager, and 14%, or 1.4 crore units, valued at Rs. 14 crore, were given to Kumari Bank Limited, the fund sponsor. The public received the remaining 8.5 crore units, valued at Rs 85 crore.
The fund manager reports that 29,160 applications were received in total, of which 29,134 legitimate applicants were successfully assigned the full number of granted units. Nevertheless, 26 applications were turned down because duplicate submissions were found during the inspection stage.
In order to guarantee a seamless procedure for those who are refused, the fund management advises cautious adherence to the application rules in subsequent investment possibilities.
Currently, Kumari Capital is in charge of administering one open-end fund, Kumari Sunaulo Lagani Yojana (KSLY), and two closed-end funds, Kumari Equity Fund (KEF) and Kumari Dhanabriddhi Yojana (KDBY). The effective implementation of the "Kumari Sabal Yojana" bolsters Kumari Capital Limited's broad portfolio even further.
On April 16, 2080, Upper Hewakhola Hydropower Company Limited (UHEWA) summoned its 12th Annual General Meeting. That day, at 11 a.m., the meeting would take place in Union House, Anamnagar, Kathmandu.
The following are the AGM's agenda items:
1) Approval of the fiscal year 2079/2080 financial reports.
2) Provide PL statements, financial reports, and cash flow reports in support of the auditor's report.
3) Accept the auditor's appointment for the fiscal year 2080–2021.
4) To choose a director from the group of public shareholders.
5) The board of directors shall designate an independent director.
Sixth Misc.
Falgun 24 is the date of book closing. As a result, everybody who had shares as of that day is eligible to attend the AGM.
Beginning now, or on the 17th of Falgun to the 7th of Chaitra, 2080, Arun Valley Hydropower Development Company Limited (AHPC) is offering its stockholders the opportunity to purchase right shares at a 1:1 ratio at a par value of Rs. 100.
By issuing 18,679,626 (1:1) units of right shares to its current owners, the hydroelectric firm would issue 100% of its right shares, valued at Rs. 1.86 Arba. the Rs. 1.86 Arba paid-up capital as of the now. The proposed right share adjustment, or 1.86 crore units, will raise the company's paid-up capital to Rs. 3.72 Arba.
The board of directors decided at its meeting on Baisakh 06 to issue right shares in a ratio of 1:1, or 18,679,626 right shares with a par value of Rs. 100 and a value of Rs. 1.86 arba, so that the company could invest Rs. 93.39 crore, or 50% of the issued right share amount, in the 30 M.W. Likhu Khola Hydropower Project, which is being promoted by PK Hydropower Pvt. Ltd. The remaining 93,39,813 unit shares, valued at Rs 93.39 crore, would be utilized to settle the company's debt for the Panchthar, California, Kabeli 'B'-1 Cascade Hydropower Project.
For this right issue, Muktinath Capital Limited has been designated as the issue manager.
The NAV report for the months of Magh, 2080, for the Kumari Equity Fund (KEF), Kumari Dhanabriddhi Yojana (KDBY), and Kumari Sunaulo Lagani Yojana (KSLY) has been released by Kumari Capital Limited.
The fund size of Kumari Equity Fund (KEF) is one Arba. In the month of Magh, the fund's NAV is Rs. 10.32, down from Rs. 10.44 in the prior month. The fund has allocated Rs. 8.84 crore to right shares, bonus shares, and public issues, and Rs. 72.12 crore to shares of listed businesses. The fund holds 2 crores in fixed deposits and 15.87 crores in bonds and debentures.
The entire value of the fund's assets is Rs. 20.98 crore, with its bank balance valued at Rs. 5.01 crore.
The fund declared a net profit of Rs. 2.94 crore in Magh. In the previous month, the fund made a net profit of Rs. 4.14 crore.
For the month of Magh, the NAV report for the "Kumari Dhanabriddhi Yojana (KDBY)" has also been made public.
The closed-end fund known as "Kumari Dhanabriddhi Yojana" has a ten-year maturity period. The fund amount of the Kumari Dhanabriddhi Yojana is Rs. 1.22 Arba.
In Magh, the NAV is Rs. 10.90; the previous month it was Rs. 11.06. The fund has allocated 82.85 crore of its resources towards listed shares, 11.56 crore towards public issues, and 18 crore towards fixed deposits. The fund still has assets of Rs. 28.25 lakh in addition to Rs. 10.48 crores in the bank.
In Magh, the fund's net profit is Rs. 4.67 crore. The previous month's net loss was Rs. 6.58 crores.
For the month of Magh, the NAV report for the "Kumari Sunaulo Lagani Yojana (KSLY)" has also been released.
Since the "Kumari Sunaulo Lagani Yojana" is an open-end fund, it has no set maturity date and cannot be traded on NEPSE. As of Magh, the fund had a value of Rs. 35.96 crores.
In Magh, the NAV is Rs. 11.11, down from Rs. 11.19 in the previous month. The fund has made investments of Rs. 3.09 crore in public issues and Rs. 28.27 crore in listed shares. The fund has 1.05 crore in other assets and 2.71 crore in bank ass
The "RBB Mutual Fund-1 (RMF1)" has released the Magh month Net Asset Value (NAV) report. The fund is closed-end and has a seven-year maturity horizon.
The financial report states that as of Magh's end, 2080, the mutual fund scheme's NAV is Rs. 10.03, down from Rs. 10.08 the month before.
The plan, which started with a total of Rs. 1.25 Arba, has invested Rs. 1.94 crores in right shares, bonus shares, and public issues, and Rs. 73.76 crores in listed shares. There are Rs. 20.73 crores in the bank account for this plan. The program has invested Rs. 10.25 crores in bonds and debentures, while it has Rs. 18.75 crores in fixed deposits.
In the month of Magh, RBB Mutual Fund-1 reported a net profit of Rs. 5.33 crore. In the previous month, it reported a net profit of Rs. 5.94 crores.
The NAV report for the month of Magh has also been made public by "RBB Mutual Fund-2 (RMF2)". The fund is closed-end and has a ten-year maturity period.
Investors and stakeholders have been notified by Mid-Solu Hydropower Company Limited (MSHL) of the impending end of the lock-in period for 37,420 unit shares held by mutual funds. The Securities Board of Nepal (SEBON) has issued new directions, and as of 10th Chaitra, 2080, this lock-in period will end.
Within this share pool of 14,96,800 shares released for the general public, MSHL, which has 7,484,000 units of shares listed on the Nepal Stock Exchange (NEPSE), has set aside 5 percent, or 37,420 units, specifically for Mutual Funds. A lock-in period was imposed on these 37,420 units in accordance with the guidelines issued by SEBON on April 25. It is significant to remember that investors and stakeholders have been informed that the lock-in period for these shares will end on Chaitra 10.
Yesterday, MSHL closed at Rs. 654.50.
Executive Director Kulman Ghising of the Nepal Electricity Authority is close to concluding a Power Purchase Agreement (PPA) in dollars with Bangladesh. The group is in talks with the Bangladeshi Power Development Board with the goal of settling on the prices for exporting power to Bangladesh. With a proposed tariff of Rs 9.31 per unit, which is more than the existing rate for power delivered to India, the discussions aim to form a PPA. Important topics, such as payment deadlines and penalties, will be discussed. Bangladesh has already asked Nepal for a proposal to buy 40 megawatts of power.
Concurrently, negotiations are underway to establish arrangements for the trade of power through a tripartite agreement with India. Ghising emphasized that fixing the price of power for Bangladesh would require a separate bilateral agreement. Once completed, the agreement will be approved by the ministerial meeting in Bangladesh, enabling the Nepal power Authority and the Power Development Board of Bangladesh to enter into an official agreement for the purchase and sale of power.
The calculated action supports Nepal's objective of providing Bangladesh with 5,000 megawatts of power exports by 2035. Notwithstanding obstacles, the recent advancements show encouraging trends in the trade of energy within the area, strengthening collaboration in the field of power exchange between Bangladesh, India, and Nepal.
OnePoint Financial Services Pvt. Ltd. and Nepal Clearing House Ltd. (NCHL) have teamed to support Nepalese banks and financial institutions (BFIs) in improving their digital offerings. The Memorandum of Understanding (MOU) was signed by Mr. Pratap Shrestha, CEO and founder of OnePoint, and Mr. Neelesh Man Singh Pradhan, CEO of NCHL.
In order to help BFIs in delivering new services and use cases, including cross-border payments, NCHL, which is well-known for offering payment systems and channels, will work with OnePoint, which has created an API Management Solution (APIMS). OnePoint will help BFIs create and make available the required APIs for NCHL's goods and services. The partnership intends to hasten the integration of NCHL's goods and services with BFIs, resulting in a faster time-to-market for these products.
OnePoint Financial Services Pvt. Ltd. and Nepal Clearing House Ltd. (NCHL) have teamed to support Nepalese banks and financial institutions (BFIs) in improving their digital offerings. The Memorandum of Understanding (MOU) was signed by Mr. Pratap Shrestha, CEO and founder of OnePoint, and Mr. Neelesh Man Singh Pradhan, CEO of NCHL.
In order to help BFIs in delivering new services and use cases, including cross-border payments, NCHL, which is well-known for offering payment systems and channels, will work with OnePoint, which has created an API Management Solution (APIMS). OnePoint will help BFIs create and make available the required APIs for NCHL's goods and services. The partnership intends to hasten the integration of NCHL's goods and services with BFIs, resulting in a faster time-to-market for these products.
Recently, there has been a noticeable increase in the dissemination of numerous rumors, casting doubt on the dependability, integrity, and validity of banks and other financial organizations doing business in Nepal. Certain individuals or groups are spreading this kind of false information, which might endanger these institutions' credibility and reputation. The public is urged to exercise caution while reading such unfounded news, and the Confederation of Banks and Financial Institutions Nepal (CBFIN) actively draws attention to the following important points:
1) Regulatory Compliance: The Banking and Financial Institutions Act of 2073, as well as the rules and directives made available by the Nepal Rastra Bank, are strictly followed by all banks and financial institutions. Based on international standards, the institutions are regularly supervised and monitored, and any deviations are swiftly handled in accordance with the law.
2) Nepal Rastra Bank's supervision: In accordance with global norms, the Nepal Rastra Bank regularly monitors and supervises. To maintain good financial health, a number of financial indicators are regularly evaluated, including the cash reserve ratio, CD ratio, liquidity ratio, capital adequacy ratio, and others. Any disparities are immediately corrected, and legal action is taken where required.
3) Deposit Security: In accordance with the guidelines provided by the Nepal Rastra Bank, deposits made in a general person's name up to NPR 5 lakhs are protected under the "Deposit and Loan Security Fund" created by the Nepali government.
The public is reassured by CBFIN that banks and other financial organizations are still totally dedicated to upholding the rights and safeguarding the interests of depositors and their overall clientele. People are encouraged to get in touch with the official representatives of the relevant banks and financial institutions if they have any questions or concerns. CBFIN advises everyone to speak with the official
Through an enhanced Know Your Customer (KYC) method, Kamana Sewa Bikas Bank has launched an online account opening module that enables consumers to commence the process without being physically present. Customers may open accounts more quickly and easily using this module, which does away with the need for in-person bank visits. Clients may now easily amend their information by bringing in the required paperwork when creating an online account, or by visiting the bank in person. This digital project is in line with the bank's dedication to offering cutting-edge, easily accessible banking services with an emphasis on improving client convenience.
On Falgun 30, 2080, Siddhartha Premier Insurance Limited (SPIL) conducted its 30th Annual General Meeting (AGM). That day, at 11:00 a.m., a meeting would take place in the Lisara Receptions, Bhagwati Bahal, Kathmandu.
The AGM will approve an 11% cash dividend for the fiscal year 2079–2080, among other agenda items. The decision to issue an 11% cash dividend (including tax) was made during the 19th Board of Directors meeting on Magh 21. The value of the cash dividend is 30.87 crores rupees. SPIL has 2.80 Arba in paid-up capital as of the now.
Appointing an auditor for the fiscal year 2080–2081 and endorsing the auditor's report containing PL statements, financial reports, and cash flow reports are also on the agenda. Additionally, the agenda calls for the election of six directors, two from the public shareholder group and four from the promoter shareholder group.
Falgun 11 is the date of book closing. As a result, those who held shares as of that date are eligible to receive dividend payments and to attend this AGM.
For the fiscal year 2079–2080, Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has suggested a dividend of 10.52632%.
The distribution of the dividend on the paid-up capital of Rs. 1.55 Arba was decided upon at the 344th meeting of the board of directors on Falgun 3. Proposed are 10% bonus shares and a 0.52632% cash dividend (for tax reasons). Consequently, the cash dividend is valued at Rs. 81.63 lakhs, while the bonus shares are valued at Rs. 15.51 crores.
Only after receiving clearance from the central bank and the company's future AGM will the dividend be disbursed.
Yesterday, DDBL closed at Rs. 788.00.
