Today marks the final opportunity to secure the 15% dividend proposed by National Life Insurance Company Limited (NLICL). The company has scheduled its 37th Annual General Meeting (AGM) for the 5th of Ashadh, 2082. This gathering will take place at the corporate headquarters in Lazimpat, Kathmandu, commencing at 10:30 AM that day.
Among the various agenda items, the AGM will approve a 15% dividend for the fiscal year 2080/81. The 550th meeting of the board of directors, convened on Baishakh 31, determined a dividend distribution on the paid-up capital of Rs. 5.21 Arba. The proposal encompasses a 5% bonus share valued at approximately Rs. 26.06 crores and a 10% cash dividend amounting to Rs. 52.12 crores. Furthermore, a 0.789473% cash dividend totaling Rs. 4.11 crores has been suggested to account for the tax obligation on the distributed bonus shares and cash dividend.
The book closure date is Jestha 22, 2082. Therefore, shareholders who have retained their shares up to today are eligible for the dividend payout and may participate in this AGM.
Similarly, today is also the last day to seize the 2.631579% dividend proposed by NLG Insurance Company Limited (NLG). The company has called its 19th AGM for the 29th of Jestha, 2082. This meeting will be hosted at the Amrapali Banquet, Bhatbhateni, Kathmandu, kicking off at 11 AM that day.
Among other agenda points, the AGM will affirm a 2.631579% dividend for FY 2080/81. The 474th board meeting held on Baishakh 26 resolved to allocate the dividend based on the paid-up capital. The proposal includes 2.5% bonus shares worth slightly over Rs. 6.25 crores and a 0.131579% cash dividend (for tax purposes) worth Rs. 32.92 lakhs.
The book closure date here is also Jestha 22, 2082. Thus, shareholders who have kept their shares until today are entitled to the dividend payout and can take part in the AGM.
Additionally, today is the final trading day on NEPSE to qualify for the right shares of Barun Hydropower Company Limited (BARUN).
The company plans to issue 100% right shares totaling Rs. 53.58 crores, through the distribution of 5,358,150 (1:1) units of right shares to its existing shareholders. The current paid-up capital stands at Rs. 53.58 crores. After accounting for the proposed right shares of 5,358,150 units, the company’s paid-up capital will rise to Rs. 1.07 Arba.
RBB Merchant Banking Limited is designated as the issue manager.
The book closure date is 22nd Jestha, 2082. Hence, investors who have held their shares prior to that date can apply for the shares.
