NEPSE News
NEPSE market news covering general market updates, dividend and bonus announcements, IPO/FPO listings, and newly listed shares. Each article is stored in our database and presented with full content — no redirects to external sites.
Reminder! Last Trading Day to Secure Dividend of Siddhartha Investment Growth Scheme 3 and Siddhartha Investment Growth Scheme-2
Today is the last day to grab the dividend proposed by "Siddhartha Investment Growth Scheme 3 (SIGS3)" and "Siddhartha Investment Growth Scheme-2 (SIGS2)". In a meeting of the board of directors of Siddhartha Capital Limited decided to distribute an 8% cash dividend (including tax) worth Rs. 9.60 crores for Siddhartha Investment Growth Scheme-2 (SIGS2), and a 10% cash dividend (including tax) worth Rs. 8.05 crores for Siddhartha Investment Growth Scheme 3 (SIGS3) for the fiscal year 2082/83. Siddhartha Investment Growth Scheme 3 (SIGS3) and Siddhartha Investment Growth Scheme-2 (SIGS2) are all closed-ended mutual funds with a 10-year maturity period, managed by Siddhartha Capital Limited. As of the month of Ashadh, the Net Asset Value (NAV) of SIGS3 is reported at Rs. 11.44, with a closing price of Rs. 10.85. SIGS2's NAV stands at Rs. 10.85, with a closing price of Rs. 10.36. The book closure date for dividend eligibility is 15th Bhadra, meaning unit holders on record till 14th Bhadra are entitled to receive the dividend.
Reminder! Last Trading Day to Secure Dividend of Reliable Samriddhi Yojana
Today is the last day to grab the dividend proposed by "Reliable Samriddhi Yojana ( RSY )". The 67th meeting of the board of directors of Reliable Nepal Life Insurance Limited, held on Shrawan 28 at 8:00 am, has decided to distribute an 8.42105% cash dividend worth Rs. 10.10 crores (including tax) for Reliable Samriddhi Yojana for the fiscal year 2082/83. Reliable Samriddhi Yojana (RSY) is a closed-ended mutual fund with a 12-year maturity period. The fund is managed by Reliable Investment and Merchant Capital Limited. As of the month of Ashadh, the Net Asset Value (NAV) of RSY is reported at Rs. 11.16. The book closure date for dividend eligibility is 10th Bhadra, meaning unit holders on record till 9th Bhadra are entitled to receive the dividend.
Eastern Hydropower Limited Receives Preliminary Approval from ERC to Issue Right Shares at the Ratio of 1: 0.871
Eastern Hydropower Limited (EHPL) has received preliminary approval from the Electricity Regulatory Commission to issue a 1:0.871 rights offering. The hydropower company proposed to issue 87.10% right shares on the paid-up capital of Rs. 62 crores. After the adjustment of the proposed right share, i.e., 54,00,092.743 units, the paid-up capital of the company will increase to Rs.1.16 arba. The company is issuing the right shares to complete the construction of the hydropower project and to pay other outstanding construction-related expenses. The company will issue the right shares to its shareholders only after the approval of SEBON. As of writing, EHPL has an LTP of Rs. 317.00.
Reminder! Last Trading Day to Secure Dividend of Siddhartha Investment Growth Scheme 3 and Siddhartha Investment Growth Scheme-2
Today is the last day to grab the dividend proposed by "Siddhartha Investment Growth Scheme 3 (SIGS3)" and "Siddhartha Investment Growth Scheme-2 (SIGS2)". In a meeting of the board of directors of Siddhartha Capital Limited decided to distribute an 8% cash dividend (including tax) worth Rs. 9.60 crores for Siddhartha Investment Growth Scheme-2 (SIGS2), and a 10% cash dividend (including tax) worth Rs. 8.05 crores for Siddhartha Investment Growth Scheme 3 (SIGS3) for the fiscal year 2082/83. Siddhartha Investment Growth Scheme 3 (SIGS3) and Siddhartha Investment Growth Scheme-2 (SIGS2) are all closed-ended mutual funds with a 10-year maturity period, managed by Siddhartha Capital Limited. As of the month of Ashadh, the Net Asset Value (NAV) of SIGS3 is reported at Rs. 11.44, with a closing price of Rs. 10.85. SIGS2's NAV stands at Rs. 10.85, with a closing price of Rs. 10.36. The book closure date for dividend eligibility is 15th Bhadra, meaning unit holders on record till 14th Bhadra are entitled to receive the dividend.
Eastern Hydropower Limited Receives Preliminary Approval from ERC to Issue Right Shares at the Ratio of 1: 0.871
Eastern Hydropower Limited (EHPL) has received preliminary approval from the Electricity Regulatory Commission to issue a 1:0.871 rights offering. The hydropower company proposed to issue 87.10% right shares on the paid-up capital of Rs. 62 crores. After the adjustment of the proposed right share, i.e., 54,00,092.743 units, the paid-up capital of the company will increase to Rs.1.16 arba. The company is issuing the right shares to complete the construction of the hydropower project and to pay other outstanding construction-related expenses. The company will issue the right shares to its shareholders only after the approval of SEBON. As of writing, EHPL has an LTP of Rs. 317.00.
Delta Autocorp Unveils "Saving Extravaganza" for Vespa, Aprilia at NADA Auto Show 2026
Delta Autocorp Pvt. Ltd., the official distributor of Vespa and Aprilia in Nepal has launched "The Saving Extravaganza" exclusively for NADA Auto Show 2026 at Stall No. TWE-11. Customers purchasing or booking a Vespa or Aprilia during the show can avail benefits worth up to Rs 28,500, including branded laptop bags, applicable across cash, finance and exchange purchases. The stall features an Italian cafe inspired theme, offering visitors a lifestyle experience beyond the scooters on display. The 2026 llineup, including Aprilia Storm 125, SR 160 and SR 175 hp.e, along with Vespa ZX 125, Vespa 125 and Vespa S 125125. The lineup also introduces new Vespa colours, with the Vespa 125 in Lylac and Vespa S 125 in Oro, adding a fresh expression to Vespa’s iconic Italian design.
Government Announces Free Treatment for Bhotekoshi Flood Victims
The government has decided to provide free medical treatment to people injured in the Bhotekoshi flood. Government spokesperson and Education Minister Sasmita Pokhrel announced the decision while briefing the media on the decisions of the Cabinet meeting held on Wednesday. According to Minister Pokhrel, the Ministry of Health, Nepal Army and government hospitals have been instructed to arrange free medical treatment for those injured in the disaster. The Cabinet has also directed the Ministry of Home Affairs to immediately rescue injured and stranded people and relocate them to safe locations. Nepal Army and private-sector helicopters will be mobilized for the rescue operation. The government has instructed the Home Minister to use all available resources, including helicopters, to accelerate search and rescue efforts. The government has decided to make arrangements for people who have lost their homes through the Ministry of Home Affairs, the National Disaster Risk Reduction and Management Authority, and the relevant disaster management committees. The Cabinet has also directed the concerned ministries to restore roads and drinking water services disrupted by the floods. Similarly, the Ministry of Energy and the Nepal Electricity Authority will work to restore electricity supply in the affected areas. The government has further decided to provide compensation, in accordance with existing laws, to the families of those who lost their lives in the disaster.
384 Travellers Reported Missing Following Bhote Koshi Flash Flood in Rasuwa
A total of 384 travellers, including 291 foreign nationals and 93 Nepali nationals, have been preliminarily reported missing following a sudden flash flood in the Bhote Koshi River in Rasuwa on Wednesday morning. According to Situation Update-2 issued by the Nepal Tourism Board (NTB) on August 26, the flash flood occurred at around 8:30 a.m., affecting areas along the Bhote Koshi River and raising concerns over the safety of tourists and travellers in the region. The NTB, in coordination with the Tourist Police and tourism stakeholders, is working to verify the whereabouts and safety of those reported missing. The preliminary figures were collected from tourism and travel companies operating in the affected areas. The details are as follows: The Tourism Board stressed that the figures are preliminary and subject to verification. Authorities are cross-checking the information with travel agencies, trekking guides, local authorities and security agencies. Authorities are working to establish contact with the travellers and determine their current safety status. Disrupted communication networks and difficult conditions in the affected areas have made it challenging to immediately verify the whereabouts of all those listed. The NTB and Tourist Police have urged travel agencies, guides, tour operators and local authorities to maintain close coordination with security agencies as search, rescue and verification efforts continue. The Nepal Tourism Board has urged tourists and travellers requiring assistance to contact the following emergency services: Toll-Free Emergency Number: 1234 Hotline: 1144 Tourist Police: 9851289445 People with information about affected travellers have also been urged to immediately contact the nearest police or security authority, local administration, travel agency, guide or tour operator. The Tourism Board has appealed to tourists and travellers to remain calm, stay updated through official channels and follow safety instructions issued by the authorities. The situation remains under assessment as search, rescue and verification operations continue in the flood-affected areas of Rasuwa.
NMB 50 Delisted From NEPSE; Fund to Be Matured From Bhadra 12
NMB 50 (NMB50) , a closed-end 7-year mutual fund scheme with a total size of Rs. 1.25 Arba, will mature on the 12th of Bhadra, 2083. Managed by NMB Capital Limited with NMB Bank Limited as the fund sponsor, this fund issued its delisting notice on the 10th of Bhadra, 2083. Notably, the scheme has consistently provided dividends to investors over the past seven fiscal years. After the end of the maturity period, the transaction of the shares of the mutual fund will be suspended and the investors are to receive their share of investment after the mutual fund sells all its investment. At the end of its maturity period, the fund needs to sell all the shares, debentures, and non-listed shares and proportionally distribute the amount to the unit holders. The latest NAV stands at Rs. 10.45 as of Ashad.
Disaster Authority Urges Stranded Flood Victims to Signal Rescue Teams Using Smoke
The National Disaster Risk Reduction and Management Authority (NDRRMA) has urged people stranded in flood-affected areas and awaiting rescue to use smoke from fires as a signal to draw the attention of search and rescue teams. The authority said search and rescue operations have been intensified after flooding in the Bhote Koshi River in Rasuwa affected several districts, including Rasuwa, Nuwakot, Dhading and Chitwan. The NDRRMA has also made a special request to organizations operating helicopters and drones to support search and rescue efforts in the affected areas. It has urged the Helicopter Association of Nepal, Drone Association Nepal and other organizations associated with helicopter and drone operations to coordinate with the respective District Administration Offices, security agencies and local governments before assisting. The authority said aerial resources could play an important role in locating people stranded in remote and difficult-to-access areas. The NDRRMA has appealed to residents in flood-affected areas to move to safer locations, remain alert to potential risks and coordinate with rescue teams. Shanti Mahat, Under Secretary and spokesperson for the NDRRMA, confirmed that search and rescue operations are continuing in the flood-affected districts. The authority has urged people awaiting rescue to remain visible and use safe signaling methods, including smoke, to help rescue teams identify their locations.
High Alert Issued Along Bhotekoshi, Trishuli, and Narayani Rivers
Nepal’s National Disaster Risk Reduction and Management Authority (NDRRMA) has issued an urgent high alert notice following a large flood entering the Bhotekoshi River in Rasuwa from Tibet. Authorities have asked residents living near the banks of the Bhotekoshi, Trishuli, and Narayani rivers to remain highly cautious until further notice. Families living along riverbank areas in Rasuwa, Dhading, Nuwakot, Gorkha, Chitwan, and Tanahun districts are advised to move to safer locations immediately. For search, rescue, or emergency support, the authority has asked people to call the toll-free numbers 100 , 1234 , or 1114 . To ensure public safety, local administrations and local governments have been urged to restrict travel and completely halt traffic along the Prithvi Highway, the Galchhi – Nuwakot – Rasuwa - Syabrubesi road, and the Muglin - Narayangadh road. The authority has also appealed to all related agencies and citizens to support and coordinate search, rescue, and relief operations.
Higer Unveils V-Series Premium Electric Coach at NADA Auto Show
Higer Bus Company Limited's authorized dealer, Shashila Motors Pvt. Ltd., unveiled the Higer V-Series Premium Electric Coach on the first day of NADA Auto Show. The 31-seater EV coach features a 216 kWh BYD Blade Battery and 275 kW motor, offering a range of up to 350 km per charge. The battery comes with a 10-year or 1 million km warranty the longest on any commercial vehicle imported into Nepal, the company said. Built for comfort and safety, the coach includes double air suspension, front and rear disc brakes, ABS, EBD, an auto-adjustable driver's seat, and CCTV and GPS systems in line with upcoming government mandates. Higer buses have operated in Nepal for 18 years and remain popular among travel and tour operators.
SEBON Approved NIC Asia Capital's Mutual Fund Scheme ; "NIC Asia Equity Opportunity Fund" To Issue 8 Crore Mutual Fund Units
The Securities Board of Nepal (SEBON) has approved the "NIC Asia Equity Opportunity Fund" worth Rs 80 crores on Bhadra 10, 2083. This is a closed-end 10 year mutual fund scheme that will be floating 8 crore units each share at a par value of 10 per share. The sponsor of the fund is NIC Asia Bank Limited, while the fund manager is NIC Asia Capital Limited. As of now, NIC Asia Capital is managing four closed-end funds and one open end funds in the market.
SEBON Approved Muktinath Capital's Mutual Fund Scheme ; "Muktinath Mutual Fund 2" To Issue 10 Crore Mutual Fund Units
The Securities Board of Nepal (SEBON) has approved the "Muktinath Mutual Fund 2" worth Rs 1 arba on Bhadra 10, 2083. This is a closed-end 10 year mutual fund scheme that will be floating 10 crore units each share at a par value of 10 per share. The sponsor of the fund is Muktinath Bank Limited, while the fund manager is Muktinath Capital Limited. As of now, Muktinath Capital is managing one closed-end funds in the market.
NEPSE Sheds 35.92 Points as Flood Damage Raises Uncertainty in Hydropower Sector
The Nepal Stock Exchange (NEPSE) recorded a double -digit loss today, losing by 35.92 points (1.38%) to close at 2,558.35. This follows a 5.30 point loss in the previous trading session. . Hydropower stocks remained under pressure following recent flood-related damage, adding to the broader market decline. The Hydropower Index fell by 104.33 points (2.84%) to close at 3,561.28. Of the hydropower companies traded, 101 declined, while only 10 advanced and none remained unchanged, indicating broad-based selling pressure across the sector. The benchmark index opened at 2,591.33 and fluctuated between an intraday high of 2,592.12 and a low of 2,546.94 before settling at the close. Total turnover for the day amounted to Rs. 4.77 Arba, with 13,582,320 shares traded across 348 companies through 61,442 transactions. The total market capitalization stood at Rs. 44 Kharba, with a float market capitalization of Rs. 14.83 Kharba. Chilime Hydropower Company Limited (CHCL) topped the turnover chart, recording transactions worth Rs. 20.56 crores. The company’s stock closed at Rs. 427.00. Sarvottam Paints Industries Limited (SAPIL) hit the upper circuit with a 15.00% gain. The stock closed at Rs. 1,212.90. Meanwhile, Rasuwagadhi Hydropower Company Limited (RHPL) recorded the Highest fall, falling by 15.00%. The last traded price of the company was Rs. 205.20. Among sectors, Non-Life Insurance recorded the highest loss, losing by 3.90%, while the Trading Index recorded the least loss, down 0.04%.
Nepal Rastra Bank Unveils Annual Macroeconomic and Financial Report for FY 2025/26
Nepal Rastra Bank, the central bank of Nepal, has unveiled the current macroeconomic and financial situation of Nepal based on Annual data for FY 2025/26. Overall Nepal Rastra Bank estimated that inflation remained at 3.85 percent on a year-over-year basis. The gross foreign exchange reserves stood at Rs.3897.67 billion, equivalent to 25.31 billion USD, whereas the total imports and exports increased 16.2 percent and 13.8 percent, respectively. The NEPSE index stood at 2590.29 in mid-July 2026 compared to 2794.79 in mid-July 2025. Inflation Remains Moderate The year-on-year (y-o-y) consumer price inflation stood at 5.14 percent in mid-July 2026, up from 2.20 percent recorded in the corresponding period a year earlier. Meanwhile, the annual average consumer price inflation remained at 3.08 percent during FY 2025/26, compared to 4.06 percent in the previous fiscal year. The annual average wholesale price inflation increased to 4.27 percent in FY 2025/26, from 3.84 percent a year earlier. On a y-o-y basis, wholesale price inflation reached 6.67 percent in mid-July 2026, compared to 1.05 percent in the same period of the previous year. Tourism Arrivals Cross 1.15 Million Tourist arrivals increased by 0.95 percent to 1,158,459 during FY 2025/26. The modest increase indicates continued recovery and stability in Nepal’s tourism sector. Travel income also increased 1.5 percent to Rs. 90.05 billion, while travel payments declined 6.5 percent to Rs. 209.10 billion. Of the travel payments, Rs. 141.92 billion was spent on education. Remittance Inflows Rise 37.1 Percent Remittance inflows recorded a strong increase during the review year, rising 37.1 percent to Rs. 2,363.13 billion in FY 2025/26. In US dollar terms, remittances increased 28.1 percent to USD 16.19 billion. During the final month of the fiscal year, from mid-June to mid-July, remittance inflows reached Rs. 242.33 billion, compared with Rs. 189.11 billion during the same period a year earlier. The number of Nepali workers receiving first-time approval for foreign employment stood at 406,519, while 385,783 workers received approval for renewal of entry. Foreign Exchange Reserves Reach $25.31 Billion Nepal’s gross foreign exchange reserves increased by 45.6 percent to Rs. 3,897.67 billion by mid-July 2026 from Rs. 2,677.68 billion a year earlier. In US dollar terms, reserves increased 29.8 percent to USD 25.31 billion. The reserves are sufficient to cover approximately 23 months of merchandise imports and 19.6 months of merchandise and services imports, providing a strong external-sector buffer for the economy. The current account recorded a surplus of Rs. 923.56 billion, while the balance of payments remained in surplus at Rs. 1,027.04 billion. Exports and Imports Both Increase Merchandise exports increased 13.8 percent to Rs. 315.29 billion during FY 2025/26. Exports to India increased 15.1 percent, while exports to other countries rose 10.1 percent. However, exports to China declined by 28 percent. Merchandise imports increased at a faster rate, rising 16.2 percent to Rs. 2,096.38 billion. Imports from India, China and other countries increased by 13.0 percent, 24.7 percent and 17.5 percent, respectively. Total trade deficit increased 16.6 percent to Rs.1781.09 billion in 2025/26. Such a deficit had increased 6.0 percent in the previous year. The export-import ratio decreased to 15.0 percent in the review year from 15.4 percent in the previous year. Government Spending Reaches Rs. 1.58 Trillion Government expenditure stood at Rs. 1,582.17 billion during FY 2025/26, an increase of 4.6 percent from the previous year. Recurrent expenditure increased 9.1 percent to Rs. 1,043.99 billion, while capital expenditure declined 14.8 percent to Rs. 190.84 billion. Financial expenditure stood at Rs. 347.33 billion. Government revenue increased 5.3 percent to Rs. 1,241.32 billion, including Rs. 1,121.08 billion in tax revenue and Rs. 120.24 billion in non-tax revenue. Public Debt Rises to Rs. 2.97 Trillion Outstanding public debt reached Rs. 2,974.90 billion by mid-July 2026, equivalent to 45.07 percent of GDP. External debt stood at Rs. 1,599.48 billion, while domestic debt reached Rs. 1,375.42 billion. The government mobilized Rs. 358.66 billion in domestic debt and repaid Rs. 250.56 billion in principal during the review year, resulting in net domestic debt mobilization of Rs. 108.10 billion. Bank Deposits Grow Faster Than Private-Sector Credit Broad money supply increased 13.4 percent during FY 2025/26, compared with 12.5 percent a year earlier. Deposits at banks and financial institutions increased 13.9 percent, or Rs. 1,013.05 billion, to reach Rs. 8,276.93 billion. Meanwhile, private-sector credit increased 6.5 percent, or Rs. 359.36 billion, to Rs. 5,857.06 billion. Credit expansion was particularly strong in construction, consumable goods, transportation, and communication sectors. Interest Rates Continue to Decline Interest rates declined across major categories during the review year. The weighted average interbank rate fell to 2.75 percent from 2.96 percent a year earlier, while the 91-day Treasury bill rate declined to 2.32 percent from 2.95 percent. The weighted average deposit rate of commercial banks fell to 3.21 percent, while their average lending rate declined to 6.55 percent, compared with 4.19 percent and 7.85 percent, respectively, a year earlier. The average base rate of commercial banks also declined significantly to 4.83 percent from 6.02 percent. Banking Access and Financial Soundness As of mid-July 2026, 105 banks and financial institutions were operating in Nepal, including 20 commercial banks, 17 development banks, 16 finance companies, 51 microfinance institutions and one infrastructure development bank. The number of BFI branches stood at 11,332. Deposit accounts reached more than 63.42 million, while loan accounts stood at over 2.03 million. The average non-performing loan ratio of BFIs stood at 5.66 percent, while the core capital-to-risk-weighted assets ratio was 9.95 percent and the total capital-to-risk-weighted assets ratio stood at 12.76 percent. NEPSE Market Capitalization Declines The NEPSE index stood at 2,597.80 in mid-July 2026, down from 2,794.79 a year earlier. Market capitalization declined to Rs. 4,463.55 billion from Rs. 4,656.99 billion. However, the number of companies listed on NEPSE increased to 302, compared with 272 a year earlier. Securities worth Rs. 157.06 billion were listed during the fiscal year. Price of Oil and Gold The international price of Crude Oil Brent increased by 16.6 percent to USD 81.23 per barrel in mid-July 2026, up from USD 69.67 per barrel a year earlier. Similarly, the price of gold rose by 20.2 percent to USD 3,993.55 per ounce, compared to USD 3,323.80 per ounce in mid-July 2025. Foreign Exchange Reserves and Adequacy Indicators Nepal’s gross foreign exchange reserves increased by 45.6 percent to Rs. 3,897.67 billion in mid-July 2026 from Rs. 2,677.68 billion a year earlier. In US dollar terms, reserves rose 29.8 percent to USD 25.31 billion. Of the total reserves, those held by Nepal Rastra Bank increased 43.8 percent to Rs. 3,473.19 billion, while reserves held by banks and financial institutions increased 61.4 percent to Rs. 424.48 billion. Based on the imports of FY 2025/26, the foreign exchange reserves of the banking sector are sufficient to cover 23 months of prospective merchandise imports and 19.6 months of merchandise and services imports. The reserves-to-GDP ratio stood at 63.8 percent, the reserves-to-imports ratio at 163.4 percent, and the reserves-to-M2 ratio at 43.8 percent in mid-July 2026. Balance of Payments Nepal’s current account remained in surplus at Rs. 923.56 billion in FY 2025/26, significantly higher than the Rs. 409.84 billion surplus recorded in the previous fiscal year. In US dollar terms, the current account surplus increased to USD 6.33 billion from USD 3.01 billion. Meanwhile, the country’s Balance of Payments (BoP) recorded a surplus of Rs. 1,027.04 billion during FY 2025/26, compared with a surplus of Rs. 594.54 billion in the previous year. In US dollar terms, the BoP surplus stood at USD 7.05 billion, up from USD 4.37 billion a year earlier. Net capital transfer amounted to Rs. 18.50 billion, while foreign direct investment inflows on an equity-only basis increased to Rs. 28.49 billion from Rs. 12.02 billion.
IPO for General Public: Beni Hydropower Project Limited to Issue 8,63,200 Units IPO Shares from Bhadra 22
Beni Hydropower Project Limited will open its Initial Public Offering (IPO) to the general public on 22nd Bhadra, 2083. The company is issuing 8,63,200 unit shares at a par value of Rs. 100 per unit. The early closing date for the IPO is the 25th Bhadra, 2083, but if the issue is not fully subscribed by then, the deadline will be extended to the 5th Ashwin, 2083. The company's issued capital is Rs. 1.04 arba. Of this, 20%, i.e., 20,80,000 unit shares, were issued to the public. Out of the total issue capital, 10%, which amounts to 10,40,000 unit shares worth Rs. 10.40 Crores, were allotted to project-affected locals of Solukhumbhu district. The remaining 10% of the issued capital, i.e., 10,40,000 unit shares, is for the general public. Of this general public issue, 10%, a total of 1,04,000 unit shares, were allotted to Nepalese citizens working abroad. Of the general public issue, 2%, i.e., 20,800 units, have been set aside for the company's employees, and 5% of the total offered shares, i.e., 52,000 units, have been reserved for mutual funds. The remaining 8,63,200 units will be issued to the general public and will open on the date mentioned above. NMB Capital Limited has been appointed the issue manager for the public offering. Applications could be placed for a minimum of 10 units and a maximum of 10,000 units. ICRA Nepal has upgraded the issuer rating of Beni Hydropower Project Limited (BEPL/the company) to [ICRANP-IR] BB+ (pronounced ICRA NP Issuer Rating Double B Plus) from [ICRANP-IR] BB (pronounced ICRA NP Issuer Rating Double B). Issuers with this rating are considered to have a moderate risk of default regarding the timely servicing of financial obligations Beni Hydropower Ltd is a hydropower development company founded in 2016. The company is developing the Upper Solu Khola Hydropower Project, a run-of-river type project with a licensed capacity of 18 MW. The project is located in Beni (Salleri), Solukhumbu District, Nepal. The project is currently under construction. Notice:
Reminder! Last Trading Day to Secure Dividend of Reliable Samriddhi Yojana
Today is the last day to grab the dividend proposed by "Reliable Samriddhi Yojana ( RSY )". The 67th meeting of the board of directors of Reliable Nepal Life Insurance Limited, held on Shrawan 28 at 8:00 am, has decided to distribute an 8.42105% cash dividend worth Rs. 10.10 crores (including tax) for Reliable Samriddhi Yojana for the fiscal year 2082/83. Reliable Samriddhi Yojana (RSY) is a closed-ended mutual fund with a 12-year maturity period. The fund is managed by Reliable Investment and Merchant Capital Limited. As of the month of Ashadh, the Net Asset Value (NAV) of RSY is reported at Rs. 11.16. The book closure date for dividend eligibility is 10th Bhadra, meaning unit holders on record till 9th Bhadra are entitled to receive the dividend.
Super Madi Hydropower Limited Proposes 15.78947% Dividend for Fiscal Year 2082/83; How Much in Bonus Shares and Cash?
Super Madi Hydropower Limited (SMHL) has called its 17th AGM on 1st Ashwin, 2083. The meeting will be held at Hotel Imperial, Putalisadak, Kathmandu, starting at 11:00 am that day. The company has proposed a 15.78947% dividend for the fiscal year 2082/83. The meeting of the board of directors held on Bhadra 08, 2083 has decided to distribute 15% bonus shares worth Rs. 34.72 Crores and a 0.78947% cash dividend (for tax purposes) worth Rs. 1.82 Crores. The existing paid-up capital of SMHL is Rs. 2.31 Arba. The book closure date is Bhadra 23, 2083. Therefore, the shareholders who maintained their shares before that day are entitled to dividend payout and can attend this AGM.
Super Madi Hydropower Limited Unveils Book Closure Date for its 15.78947% Dividend; Calls AGM on Ashwin 01
Super Madi Hydropower Limited (SMHL) has called its 17th AGM on 1st Ashwin, 2083. The meeting will be held at Hotel Imperial, Putalisadak, Kathmandu, starting at 11:00 am. The company has proposed a 15.78947% dividend for FY 2082/83. Among the other agendas, the AGM will endorse a 15.78947% dividend for the FY 82/83 for shareholders. The meeting of the board of directors held on Bhadra 08, 2083 has decided to distribute 15% bonus shares worth Rs. 34.72 Crores and a 0.78947% cash dividend (for tax purposes) worth Rs. 1.82 Crores. The existing paid-up capital of SMHL is Rs. 2.31 Arba. Furthermore, there is an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports, and appoint an auditor for the fiscal year 2083/84. The book closure date is from Bhadra 23, 2083. Therefore, the shareholders who maintained their shares before that day are entitled to the dividend payout and can attend this AGM. Notice:
IPO for General Public: Beni Hydropower Project Limited to Issue 8,63,200 Units IPO Shares from Bhadra 22
Beni Hydropower Project Limited will open its Initial Public Offering (IPO) to the general public on 22nd Bhadra, 2083. The company is issuing 8,63,200 unit shares at a par value of Rs. 100 per unit. The early closing date for the IPO is the 25th Bhadra, 2083, but if the issue is not fully subscribed by then, the deadline will be extended to the 5th Ashwin, 2083. The company's issued capital is Rs. 1.04 arba. Of this, 20%, i.e., 20,80,000 unit shares, were issued to the public. Out of the total issue capital, 10%, which amounts to 10,40,000 unit shares worth Rs. 10.40 Crores, were allotted to project-affected locals of Solukhumbhu district. The remaining 10% of the issued capital, i.e., 10,40,000 unit shares, is for the general public. Of this general public issue, 10%, a total of 1,04,000 unit shares, were allotted to Nepalese citizens working abroad. Of the general public issue, 2%, i.e., 20,800 units, have been set aside for the company's employees, and 5% of the total offered shares, i.e., 52,000 units, have been reserved for mutual funds. The remaining 8,63,200 units will be issued to the general public and will open on the date mentioned above. NMB Capital Limited has been appointed the issue manager for the public offering. Applications could be placed for a minimum of 10 units and a maximum of 10,000 units. ICRA Nepal has upgraded the issuer rating of Beni Hydropower Project Limited (BEPL/the company) to [ICRANP-IR] BB+ (pronounced ICRA NP Issuer Rating Double B Plus) from [ICRANP-IR] BB (pronounced ICRA NP Issuer Rating Double B). Issuers with this rating are considered to have a moderate risk of default regarding the timely servicing of financial obligations Beni Hydropower Ltd is a hydropower development company founded in 2016. The company is developing the Upper Solu Khola Hydropower Project, a run-of-river type project with a licensed capacity of 18 MW. The project is located in Beni (Salleri), Solukhumbu District, Nepal. The project is currently under construction. Notice:
Super Madi Hydropower Limited Proposes 15.78947% Dividend for Fiscal Year 2082/83; How Much in Bonus Shares and Cash?
Super Madi Hydropower Limited (SMHL) has called its 17th AGM on 1st Ashwin, 2083. The meeting will be held at Hotel Imperial, Putalisadak, Kathmandu, starting at 11:00 am that day. The company has proposed a 15.78947% dividend for the fiscal year 2082/83. The meeting of the board of directors held on Bhadra 08, 2083 has decided to distribute 15% bonus shares worth Rs. 34.72 Crores and a 0.78947% cash dividend (for tax purposes) worth Rs. 1.82 Crores. The existing paid-up capital of SMHL is Rs. 2.31 Arba. The book closure date is Bhadra 23, 2083. Therefore, the shareholders who maintained their shares before that day are entitled to dividend payout and can attend this AGM.
Six months of war: 20 dead in 68 incidents near Hormuz, IMO says
The Strait of Hormuz has been the main focus of the six-month war between Iran and the US and Israel, with many commercial vessels targeted in the vital conduit for oil and gas shipments. In total, 68 incidents have been confirmed by the International Maritime Organization (IMO) in the Gulf and neighbouring bodies of water, the equivalent of one every 2.6 days. Across all incidents, at least 20 seafarers or port workers were reported killed, 35 wounded and one missing, the UN maritime agency said. About half of the incidents have involved tankers, 20 percent container ships and 15 percent bulk carriers. The United Kingdom Maritime Trade Operations (UKMTO) classified 47 of the incidents as attacks. Liberia-flagged vessels have been most affected, being involved in 13 incidents, followed by 10 vessels each from Panama and the Marshall Islands. Iran-flagged vessels were reported as being involved in four incidents. The rate of incidents has ebbed and flowed during the various phases of the war. From the outbreak of war at the end of February until an agreement establishing a framework for peace talks was struck in mid-June, an incident was reported on average once every 2.3 days. Incidents during this period accounted for 16 of the deaths and 19 of the injuries, and were recorded throughout the Gulf, both east and west of Hormuz, and off the coasts of Iraq, Iran, Qatar, Saudi Arabia, Oman and the United Arab Emirates. As peace talks continued, until around July 7, that rate halved to one incident every 4.6 days, on average. No seafarers or other workers were reported killed, missing or injured during this period. Four of the five incidents during this period were clustered off the Omani coast around the strait's narrowest point, along a route not authorised by Iranian authorities. Iran, which hopes to retain control of the Hormuz after the war and charge fees for passage, had warned vessels against taking the alternative route. Since talks collapsed, the rate has climbed almost back to pre-talks levels, with an incident recorded on average every 2.8 days. Four seafarers or workers have been killed, 16 injured and one reported missing as a result.
Super Madi Hydropower Limited Unveils Book Closure Date for its 15.78947% Dividend; Calls AGM on Ashwin 01
Super Madi Hydropower Limited (SMHL) has called its 17th AGM on 1st Ashwin, 2083. The meeting will be held at Hotel Imperial, Putalisadak, Kathmandu, starting at 11:00 am. The company has proposed a 15.78947% dividend for FY 2082/83. Among the other agendas, the AGM will endorse a 15.78947% dividend for the FY 82/83 for shareholders. The meeting of the board of directors held on Bhadra 08, 2083 has decided to distribute 15% bonus shares worth Rs. 34.72 Crores and a 0.78947% cash dividend (for tax purposes) worth Rs. 1.82 Crores. The existing paid-up capital of SMHL is Rs. 2.31 Arba. Furthermore, there is an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports, and appoint an auditor for the fiscal year 2083/84. The book closure date is from Bhadra 23, 2083. Therefore, the shareholders who maintained their shares before that day are entitled to the dividend payout and can attend this AGM. Notice: