5% Cash Dividend of Lumbini General Insurance Distributed

Lumbini General Insurance Company Limited has distributed a 5% cash dividend directly to bank accounts of its shareholders and has urged its investors to dematerialize their shares.

The 16th AGM of the company held on Jestha 28 endorsed the 10% dividend for the fiscal year 2076/77. The meeting of the board of directors held on Baisakh 02 decided to distribute 5% bonus shares and 5% cash dividend (including the amount for tax purposes) from the paid-up capital. The bonus shares are worth Rs. 5,70,90,000 and the cash dividend is also worth Rs. 5,70,90,000.

Furthermore, if eligible investors had taken a loan against the shares of the company before the book closure date, they should present a No Objection Letter from their lending institution in order to receive the dividend.

NIBL Ace Capital is the company's share registrar.

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