Dividend of ALICL and ADBL Now Distributed to Eligible Shareholders

Asian Life Insurance Company Limited (ALICL) has distributed a 2% cash dividend directly to the bank accounts of its shareholders.

The 13th AGM of the company held on 21st Magh, 2078 endorsed a 27% dividend for the fiscal year 2076/77. The meeting of the board of directors held on Kartik 30 decided to distribute the dividend on the paid-up capital of Rs. 2.01 Arba. 25% bonus shares worth slightly over Rs. 50.26 crores and 2% cash dividend (for tax purposes) worth slightly over Rs. 4.02 crores have been proposed.

Magh 12 was the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout.

Agricultural Development Bank Limited (ADBL) has also distributed a 20% bonus share directly to Demat accounts of its shareholders.

The 15th AGM of the company held on 29th Poush, 2078 endorsed a 21.0526% dividend for the fiscal year 2077/78. The meeting of the board of directors held on Poush 1 decided to distribute 20% bonus shares and 1.0526% cash dividend (for tax purposes). The company also decided to distribute a 6% cash dividend for Irredeemable Non-cumulative Preference Share.

These bonus shares are already listed in NEPSE. Poush 16 was the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout. After dividend adjustment, the paid-up capital of ADBL is now Rs. 13,187,915,200.

For those who have not dematerialized their shares, the dividend of the companies will be distributed only after they complete the necessary procedure. Furthermore, investors who have taken margin loans against the shares of the respective companies are required to present a No Objection Letter or a Release Letter, depending on when they took the loan.