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Dividend Alert: Today Last Day to Secure Dividends from 2 Companies, 3 Mutual Funds

Investors must hold shares or units by Thursday, Ashoj 8, to be eligible for dividends from Machhapuchchhre Bank, Kalinchok Darshan, and three mutual funds.

Published By Share Gyan
Dividend Alert: Today Last Day to Secure Dividends from 2 Companies, 3 Mutual Funds

Thursday, Ashoj 8, marks the last day to secure dividends from two listed companies and three mutual fund schemes. The entities include Machhapuchchhre Bank Limited (MBL), Kalinchok Darshan Limited (KDL), RBB Mutual Fund 1, RBB Mutual Fund 2, and Global IME Balanced Fund 1. Kalinchok Darshan will close its books on Ashoj 9, while Machhapuchchhre Bank, RBB Mutual Fund 1 and 2, and Global IME Balanced Fund 1 will close their books on Ashoj 12. Therefore, investors holding shares or units by the end of Thursday’s trading session will be eligible to receive the respective dividends. Kalinchok Darshan has scheduled its 12th Annual General Meeting for Ashoj 16 at German Homes Hotel, Madhyapur Thimi, Bhaktapur, starting at 11:30 AM. The AGM will seek approval for an 8.5% bonus share and 0.4474% cash dividend for tax purposes. It will also consider issuing 6,835,500 right shares at a 1:1 ratio based on the post-bonus paid-up capital, along with amendments to the company’s constitutional documents and other agenda items. Machhapuchchhre Bank will hold its 28th AGM on Ashoj 28 at Hotel Pokhara Grand, Pardi, Pokhara, starting at 11 AM. The AGM will propose a 3% bonus share and 3% cash dividend, including tax. It will also consider an 8.25% cash dividend for preference shareholders, along with director elections, amendments to the bank’s constitutional documents, appointment of an auditor, and other proposals. Meanwhile, RBB Mutual Fund 1 will distribute a 2.75% cash dividend including tax, while RBB Mutual Fund 2 will distribute 6% cash dividend including tax to its unit holders. Global IME Balanced Fund 1 will distribute a 12% cash dividend.

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.

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