NEPSE Adjusts Stock Price of Four Companies

Mar 10, 2023 10:49 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of four listed companies including Salt Trading Corporation, Asha Laghubitta, Shangrila Development Bank and Sana Kisan Laghubitta on March 10 following their book close for upcoming AGM.

NEPSE has adjusted the stock price of Salt Trading  at Rs 3,940 after adjusting 10 percent stock dividend. The last trading price of the stock was Rs 4,335 on March 9.

NEPSE has adjusted the stock price of Asha Laghubitta at Rs 752.50 after adjusting 14.2857 percent stock dividend. The last trading price of the stock was Rs 860 on March 9.

NEPSE has adjusted the stock price of Shangrila Development Bank at Rs 311.42 after adjusting 8.534 percent stock dividend. The last trading price of the stock was Rs 338 on March 9.

NEPSE has adjusted the stock price of Sana Kisan Laghubitta at Rs 888.10 after adjusting 26 percent stock dividend. The last trading price of the stock was Rs 1,119 on March 9.

Salt Trading Corporation (STC) is conducting its 56th AGM on March 24 at 12:15 PM.

The meeting will endorse a proposal of distributing 15 percent dividend including 10 percent stock and 5 percent cash dividend to its shareholders. Moreover, the meeting will appoint an auditor and elect 7 directors from ordinary shareholders.

Similarly, Asha Laghubitta Bittiya Sanstha (ALBSL) is conducting 6th annual general meeting (AGM) on March 25 in its head office at Kakani, Nuwakot at 10:00 AM.

The meeting will endorse a proposal of distributing 14.2857 percent stock and 0.7143 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition and amend its article and memorandum of association, appoint and auditor and appoint an independent director.

Likewise, Shangrila Development Bank (SADBL) has called out 18th AGM on March 31.

The meeting will endorse a proposal of distributing 8.534 percent stock and 0.449 percent cash dividend to its shareholders.

Moreover, Sana Kisan Bikas Laghubitta Bittiya Sanstha (SKBBL) is conducting its AGM.

Sana Kisan is conducting its 21st AGM in the head office of Agriculture Development Bank in Bode, Bhaktapur while RMDC is conducting 24th AGM in on March 24 at Amritbhog, Kalikasthan, Kathmandu at 11 AM.

The meeting will endorse a  proposal of merger with each other and swap ratio of 1:0.87.

The meeting of will also approve 26 percent stock and 1.3684 percent cash dividend proposal, approve proposal of extending tenure of 2 directors from ordinary shareholders and appoint and auditor.

 

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