Siddhartha Capital Announces 30% Dividend for Investors! Nepal Stock Market News
Siddhartha Capital Limited, a leading investment company in Nepal, has just announced some exciting news for its investors. Based on the profits from the fiscal year 2081/82, the company is proposing to distribute a 30% dividend (including tax) from its paid-up capital. This translates to a cash dividend of NPR 60 million!
This positive development was decided during a board of directors meeting held on Bhadra 17th (September 2nd, 2024). Shareholders will have the opportunity to vote on this dividend proposal at the 14th Annual General Meeting (AGM) scheduled for Asar 9th (September 25th, 2024) at 4:30 PM in Naxal, Kathmandu. This is a significant event for those holding Siddhartha Capital shares.
The AGM Agenda: What Shareholders Need to Know
Besides the crucial dividend distribution, the AGM will also cover several other important matters:
- Approval of Corporate Social Responsibility (CSR) Expenditure: Shareholders will review and approve the company’s CSR spending, which amounted to NPR 656,328. This demonstrates Siddhartha Capital’s commitment to giving back to the community through CSR initiatives.
- Review and Approval of Financial Reports: The AGM will also include the approval of the annual report from the board of directors and the audited financial statements for the fiscal year 2081/82. This is a key element in financial reporting and transparency within the investment sector.
- Appointment of External Auditor: The meeting will address the appointment and the determination of the remuneration of the external auditor for the fiscal year 2082/83. This ensures financial accountability and proper accounting practices.
Impact on Investors and the Nepal Stock Exchange
This dividend announcement is positive news for Siddhartha Capital shareholders and could impact stock prices on the Nepal Stock Exchange (NEPSE). As the capital market continues to evolve, staying informed about investment opportunities like this is vital for investors looking to grow their portfolio and achieve their financial goals. Keep a close watch on stock market updates for the latest information on Siddhartha Capital’s stock and other investment opportunities in Nepal. The dividend yield will be a key metric for potential investors.
