Chilime Hydropower postponed SGM; Siddhartha Development, Jyoti Bikas and Nepal Bittiya Sanstha postponed AGM

Chilime Hydropower Company Limited has decided to postpone its Special General Meeting, whereas Siddhartha Development, Jyoti Bikas and Nepal Bittiya Sanstha has decided to postpone their AGM citing the 7.9 scale earthquake that rocked Nepal on Baishakh 12, 2072.

The BOD meeting of Chilime Hydropower Company held on Baishak 15 has decided to postpone its SGM, which was scheduled for Baishak 23, until further notice.

Likewise, the AGM of Siddhartha Development Bank Limited, which was set to be held on Baishak 25, has been postponed pending further notice. The decision was made by the meeting BOD held on Baishak 18.

Meanwhile, Jyoti Bikas Bank has decided to conduct its 7th AGM at 11 am on Jestha 18 at Nepal Pragya Pratisthan, Kamaladi, Kathmandu. The AGM had been scheduled for Baishakh 20.

Nepal Bittiya Sangh’s 18th AGM which was going to be held on Baishakh 25 now has been postponed until further notice.

12.6% dividend of Jyoti Bikas Bank, AGM on July 16, 2014

Six long months after its Board of Directors decided to pledged 12.60 percent, including 7 percent bonus shares, to its shareholders from the net profit it posted in the last fiscal year 2069/70, Jyoti Bikas Bank Limited has finally announced its Annual General Meeting.

Issuing a notice today, the development bank based in Kathmandu has also announced the book closure from July 2 for its sixth AGM to be held at the Tribhuwan Army Club.

The 157th BOD meeting of the development bank had pledged the dividend back in January second week.

According to Jyoti’s company secretary Madan Mahat, the central bank took a long time to approve the final balance sheet of the bank, citing some technical aspects of a project being funded by the bank.

Last week they had taken some central bank officials to the site of Jiri Khola Sana Hydropower project to show that the problem has been resolved.

The national level development bank, which was established with the aim of financing hydropower and infrastructure, has invested Rs 23 crore in Jiri Khola Sano Hydropower.

Jyoti Bikash Bank had posted a net profit of Rs 7.26 crore in the last fiscal year 2069/70.-SSN

Jyoti Bikas Bank pledges 12.6% dividend, including 7% bonus shares

Jyoti Bikas Bank Limited has proposed an impressive dividend of 12.60 percent, including 7 percent bonus shares, to its shareholders from the net profit it posted in the last fiscal year 2069/70.

The 157th BOD meeting of the development bank has just taken the decision to this effect. However, the proposed dividend is subject to the approval of Nepal Rastra Bank and the upcoming Annual General Meeting of the development bank. Jyoti Bikash Bank Limited has posted a net profit of Rs 7.26 crore in the last fiscal year 2069/70. -SSN

Jyoti Bikas Bank share loan scheme: 60% marginal lending

Jyoti Bikas Bank Limited is offering an attractive share loan plan to woo investors by offering 60 percent marginal lending within three days against share certificates.

The development bank has started to post advertisement for share loan in the media.

“We provide 60 percent marginal lending in the prevailing interest rate against shares of any listed companies which are priced above Rs 100 in the market,” Sandeep Khadka, an officer at the development bank.