Former Sagarmatha Insurance Company Urges Shareholders To Pay Tax For 86% Bonus Shares of FY 2074/2075

Sagarmatha Lumbini Insurance Company Limited (Former Sagarmatha Insurance Company Limited) has urged its shareholders to pay the tax amount for 86% bonus shares proposed for FY 2074/2075.

The company convened its 22nd AGM for the FY 2074/75 on Ashad 13, 2076. The company endorsed an 86% bonus share to its shareholders for the FY 2074/75 from the company's paid-up capital of Rs. 53.82 crores.

The bonus shares have already been listed in NEPSE. Therefore, shareholders who were maintained before the book closure date i.e. Ashad 1, 2076 will have to pay the tax amount on the dividend proposed.

The details of the tax amount that a shareholder has to pay can be found on the website of the share registrar Global IME Capital.

The tax amount should be paid to the following account while mentioning the shareholder's account number, name, and phone number/ email:

Bank Name: Global IME Bank Limited
Account Name: Sagarmatha Lumbini Insurance Company Limited
Account Number: 00101010005264

Additionally, 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 to receive the dividend.

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