NEPSE adjusted the stock price of Jyoti Bikas Bank (JBBL) at Rs 149.89 after adjusting 12.75 percent stock dividend.
The company is conducting its 12th AGM on January 14 in Rastriya Sabhagriha, Pradarshani Marg at 11:00 AM.
The AGM is supposed to endorse a proposal of distributing 12.75 percent stock dividend to the shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process with suitable partners, amend its article of association in order to establish a mutual fund and carry out duties of issue manager and elect one female director.
Similarly, NEPSE adjusted the stock price of Sindhu Bikas Bank (SINDU) at Rs 118.37 after adjusting 11.51 percent stock dividend.
The company is conducting its 10th AGM on January 14 in the conference hall of Chamber of commerce of Sindhupalchowk, Bahrabise at 11:30 AM.
The meeting will endorse a proposal of distributing 12.09 percent dividend including 11.513 percent stock and 0.575 percent cash dividend for tax purposes. Moreover, the meeting will endorse a proposal of delegating authority to BOD to forward merger/acquisition with a suitable partner.
Presently, the company has a paid-up capital of Rs 502.7 million that will reach Rs 557.6 million after the bonus share distribution.
NEPSE adjusted the stock price of Summit Laghbitta Bittiya Sanstha (SMFDB) at Rs 540.90 after adjusting 21.0952 percent stock dividend.
The company is conducting its AGM on January 14 in Aggression Bhawan, Birtamod at 10:00 AM.
The meeting will endorse a proposal of distributing 22.2055 percent dividend including 21.0952 percent stock and 1.1103 percent cash dividend to the shareholders. Moreover, the meeting will endorse a proposal of delegating authority to BOD to forward merger/acquisition and issue 100 percent right issue of the paid-up capital maintained after bonus share distribution.
Presently, the company has a paid-up capital of Rs 210 million that will reach Rs 254.3 million after the bonus share distribution.
Similarly, NEPSE adjusted the stock price of Nepal Sewa Laghubitta (NSEWA) at Rs 487.80 after adjusting 2.5 percent stock dividend.
The company is conducting its AGM ON January 14 in Samudayik Sewa Centre, Sindhupalchowk, at 11:00 AM.
The meeting will endorse a proposal of distributing 2.5percent stock and 0.125 percent cash dividend for tax proposes to its shareholders.
Moreover, the meeting will endorse a proposal of delegating authority to BOD to forward merger/acquisition and issue 100 percent right issue of the paid-up capital maintained after bonus share distribution, elect three board of directors and relocate its corporate office to Kavrepalanchowk.
Presently, the company has a paid-up capital of Rs 60 million that will reach Rs 61.5 million after the bonus share distribution.
