Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
The board has proposed a 20% bonus share issue valued at Rs. 8,70,14,231 for FY 2077/78, pending approval from Nepal Rastra Bank and endorsement at the upcoming AGM.
The Securities Board of Nepal has approved a 10:3 rights share issuance by Excel Development Bank Limited, authorizing the sale of 24,33,363.67 shares to raise Rs 24,33,36,367.42.
Ngadi Group Power Limited has approved a 21.05% dividend split into 20% bonus shares worth Rs 11.78 million and a 1.05% cash element, but the resolution must be endorsed at the forthcoming AGM. A 1:2 rights issue will also be activated only after the AGM decision.
Sunrise First Mutual Fund has proposed a 50% cash dividend of Rs 43 crores for FY 2077/78, payable to shareholders following the announced declaration.
Shareholders of Bank of Kathmandu Limited and Nepal Investment Bank Limited are urged to claim the remaining fiscal 2070/71 dividend of Rs. 24,30,098.34 before it is transferred to the Investors Protection Fund after five years.
Shareholders of Century Commercial Bank and its acquired companies—Araniko Development Bank, Innovative Development Bank, Alpine Development Bank, Seti Finance Limited, and Sagarmatha Finance Limited—must claim pending dividends within five years of distribution or the amounts will be deposited to the Investors Protection Fund. To claim, submit share certificates and ID proof at the Share Department.
Books close on Shrawan 29 for dividend distribution; unitholders of NIBL Pragati Fund (NIBLPF) and NIBL Samriddhi Fund 1 (NIBSF1) must hold shares to receive a 50% cash dividend of Rs 37.50 crore and a 35% cash dividend of Rs 35 crore, respectively, for FY 2077/78.
Shares maintained before Bhadra 04, 2078 (September 03, 2021) are eligible for a 10% bonus share issue and a 0.5263% cash dividend; the AGM will be held on Bhadra 18, 2078 (September 03, 2021) to endorse these proposals.
Shareholders must claim their dividends from fiscal year 2071/72 within five years, after which unclaimed dividends will be transferred to the Investors Protection Fund. To claim, investors should present share certificates and proof of identity at Global IME Capital, the share registrar.
No rights issue announced by Arun Kabeli Power Limited; investors should disregard misleading social media posts.
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