NEPSE at seven-year high of 1,088.42 points

Nepal Stock Exchange (Nepse) benchmark index jumped by 25 points this week to close at seven-year high of 1,088.42 points on Thursday.

Gurans Life Insurance to convert 19% promoter shares into ordinary.

Gurans Life Insurance has concluded its sixth annual general meeting. The meeting has decided to convert 19 percent of the promoter shares into ordinary shares. With this, the ratio of promoter and ordinary shares will be 51:49. The meeting also elected Motilal Dugar as the new chairman. The new board of directors consist of Malchand Dugar, Jyoti Kumar Begani, Deepak Nepal, Apachha Kumar Yadab and Bishal Tated. (PR)- Ktm Post

Century Commercial Bank has Anuj Mani Timilsina as CEO

Anuj Mani Timilsina has been appointed as the chief executive officer of Century Commercial Bank. The 172nd board of directors’ meeting decided to name Timilsina as the new CEO. Timilsina has been the deputy CEO of the bank for the last one and half years. He has 18 years’ experience in various other commercial banks. (PR)- Ktmpost

Premier Insurance Company Ltd extends right shares till Jestha 4, 2072.

Premier Insurance Company Limited has extended the date for filing applications for right shares.

The insurance company, which had earlier set the date for filing applications between Chaitra 16, 2071 and Baishakh 20, 2072, has now said that interested eligible applicants can apply for right shares till Jestha 4, 2072.

Shareholders till Falgun 25, 2071 are eligible to apply for the right shares.

Premier Insurance is issuing 13,48,951 unit right shares at the ratio of 1:1.15.

Existing shareholders can collect applications for the right shares from the offices of Premier Insurance and from the issue manager Laxmi Capital Market Private Limited located at Pulchowk, Lalitpur.

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.