Skip to content
|Loading...
Share Gyan home
EBook

Manjushree Finance Proposes 20% Dividend for Shareholders, AGM on Kartik 20

Manjushree Finance Limited (MFIL) has called its 19th Annual General Meeting (AGM) for Kartik 20, 2083, with a proposal to distribute a 20% dividend for fiscal year 2082/83. The proposed dividend includes 5% bonus shares worth Rs. 6.75 crore and a 15% cash dividend worth Rs. 20.27 crore for tax purposes.

Published By Share Gyan
Manjushree Finance Proposes 20% Dividend for Shareholders, AGM on Kartik 20

Manjushree Finance Limited (MFIL) has announced that its 19th Annual General Meeting (AGM) will be held on Kartik 20, 2083. The meeting will consider several important corporate agendas, including the approval of a proposed 20% dividend for shareholders for the fiscal year 2082/83. According to the decision made at the company's 338th Board of Directors meeting, Manjushree Finance has proposed distributing a 5% bonus share dividend worth Rs. 6.75 crore and a 15% cash dividend amounting to Rs. 20.27 crore for tax purposes. The proposal is based on the company's existing paid-up capital of Rs. 1.35 arba. The dividend distribution will require approval from shareholders at the upcoming AGM. Apart from the dividend proposal, the meeting will review and endorse the auditor's report, along with the company's profit and loss statements, financial statements and cash flow reports. Shareholders will also discuss the appointment of an auditor for the upcoming fiscal year 2083/84. The company has fixed Kartik 11, 2083, as the book closure date to determine shareholder eligibility. Investors who hold Manjushree Finance shares before the book closure date will be eligible for the proposed dividend, subject to approval, and will also be entitled to participate in the AGM. The upcoming AGM will provide shareholders with an opportunity to review the company's financial performance, consider the proposed dividend distribution and make decisions on other key corporate matters. If approved, the proposed 20% dividend will comprise both bonus shares and a cash payout, offering shareholders a combination of additional equity and cash returns for the fiscal year 2082/83.

SEBON Approves 50% Right Share Issuance of NIC Asia Bank Worth Rs 7.45 Billion

The Securities Board of Nepal (SEBON) has granted preliminary approval to NIC Asia Bank Limited to issue 50 percent right shares at a 1:0.50 ratio. The bank will issue 74,587,835 shares worth Rs 7.45 billion at a face value of Rs 100 per share.

NRB to Sell Gold Coins and Silver Medallions for Tihar from November 5

Nepal Rastra Bank (NRB) will sell 2.5-gram gold coins and 10-gram silver medallions featuring Goddess Laxmi and Lord Ganesh on November 5 and 6 (Kartik 19 and 20) from its Minting Division in Babarmahal, Kathmandu.

Himalayan Laghubitta Proposes 5% Dividend for FY 2082/83

Himalayan Laghubitta (HLBSL) has proposed a 5% dividend for shareholders, comprising 4.75% bonus shares and 0.25% cash dividend for the fiscal year 2082/83.

Rastriya Banijya Bank Reports 175.52% Growth in Q1 Net Profit

Rastriya Banijya Bank Limited has reported a remarkable 175.52% year-on-year growth in net profit, earning Rs. 1.64 billion in the first quarter of FY 2083/84, compared to Rs. 598.73 million in the corresponding period of the previous fiscal year. The significant growth was driven by a sharp increase in net interest income and a substantial decline in impairment charges.

Kumari Bank Reports Rs. 1.07 Arba Net Profit in Q1; Operating Profit Jumps 32.39%

Kumari Bank Limited (KBL) has reported a modest 1.70% year-on-year growth in net profit, earning Rs. 1.07 billion in the first quarter of FY 2083/84, compared to Rs. 1.06 billion in the corresponding period last fiscal year. Despite a decline in net interest income, the bank recorded strong growth in operating profit, supported by a significant reduction in impairment charges and operating expenses.

NMB Bank Reports 27.11% Growth in First-Quarter Net Profit

NMB Bank Limited has reported a 27.11% year-on-year increase in net profit, earning Rs. 1.16 billion in the first quarter of FY 2083/84, compared to Rs. 915.98 million in the corresponding period of the previous fiscal year. The growth was supported by higher operating income, increased net interest income, and a significant decline in impairment charges.

Companies in This News