Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
Sagarmatha Finance Limited will soon auction 8,87,463 unclaimed right shares, including 1,67,144.17 ordinary and 7,20,318.83 promoter shares. The company earned a net profit of Rs 5.61 crore in FY 2073/74 and will increase its paid‑up capital to Rs 66.45 crore after the capitalization.
Shareholders holding NTC shares on the business day before the 15 Falgun 2073 book‑closing (i.e., up to 12 Falgun 2073) will qualify for the 51 % cash dividend and for attending the 9th AGM on 30 Falgun 2073 at 11:00 AM. Eligible holders can claim the dividend only until 12 Falgun 2073.
Unclaimed right shares – 1.45 lakh units of Himalayan Bank and 3.71 lakh units of Machhapuchchhre Bank – will be auctioned within a month. Only about 62.82 lakh of Himalayan Bank’s 64.27 lakh issued right shares were subscribed, whereas 1.93 lakh of Machhapuchchhre Bank’s 1.93 lakh remained unclaimed, indicating an oversupply.
SEBON approved the issuance of 100% right shares for Mission Development Bank Limited (MIDBL) today. The bank will issue 1,949,250 units at Rs 100 par value, doubling its paid‑up capital to Rs 38.98 crore.
Mirmire Microfinance Development Bank Limited has been added to SEBON’s pipeline to request approval for issuing 1,50,000 right shares at a Rs 100 par value, following a 100:50 share issuance ratio.
Kailash Bikas Bank’s 20% right share issue closes on Chaitra 10, 2073. 31,60,672 units are available at Rs 100 each.
Cash dividends of 10% for Mero Microfinance and 5% for HIDCL are being distributed to shareholders from today (Falgun 6, 2073), with direct transfers to bank accounts. Shareholders who have dematerialized their shares must update their bank details; those who have not will receive the dividend the following Friday after dematerialization.
The 12,00,000 right share issue closes on Chaitra 28, 2073. Existing shareholders must apply before that date.
The 108th BOD meeting of Asian Life Insurance Co. Ltd. has approved a 20% bonus share and a 50% right share issuance, which will be endorsed by the forthcoming AGM for FY 2071/72. Upon approval, the paid‑up capital will increase to Rs 1.20 arab.
Tinau Development Bank has been added to SEBON’s pipeline to seek approval for the issuance of 35% right shares—11,94,796.09 units at Rs 100 each; the move will raise its paid‑up capital to Rs 46.06 cr.
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