Today is the last chance to secure the dividend of Nepal Insurance

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nepal insurance dividend

Kathmandu: Today (June 4) is the last day to secure 11.57% dividend of Nepal Insurance. The company that convened the general meeting on June 12 has been closing the book since June 30. Therefore, the existing shareholders till today (June 4) will be able to participate in the meeting and receive dividends. At the meeting, the company is proposing to distribute 11% bonus share from the last financial year’s profit and 0.578% cash dividend to pay taxes.

Similarly, it is proposed to increase the authorized capital from Rs 2 billion to Rs 2.60 billion. There will be election of 2-2 directors from the founders and general shareholders group representing in the board of directors. As the capital will reach Rs. 1.37 billion after the distribution of the proposed bonus shares, the management letter and rules will be amended accordingly.

There is also a proposal to review the meeting allowance and facilities of the board of directors and sub-committee. Sabha, Nepal Tourism Board, Exhibition Road will start at 11 am in Kathmandu.

The insurance company has earned a net profit of Rs. 179.46 million till the third quarter of the current fiscal year. Its earnings per share is Rs 14.45 and net worth per share is Rs 187.71.

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