Today marks the final opportunity to seize the 15.79% dividend that Nepal Insurance Company Limited (NICL) has proposed. The company has scheduled its 76th AGM for the 19th of Chaitra, 2081. This gathering will take place at the Nepal Pragya Pratisthan, located in Kamaladi, Kathmandu, commencing at 11 am on that day.
Among various agenda items, the AGM will approve a 15.79% dividend for the fiscal year 2080/81. The board of directors convened on Falgun 24, where they resolved to allocate 15% in bonus shares and a 0.79% cash dividend (which includes funds designated for tax purposes) from the paid-up capital. The company’s paid-up capital totals Rs. 1.63 Arba. Consequently, the bonus shares hold a value of Rs. 24.66 Crores, while the cash dividend amounts to Rs. 1.29 Crores for tax considerations.
The book closure date is set for Chaitra 07, 2081. As a result, shareholders who retain their shares up to today are eligible for the dividend payout and may participate in this AGM.
