Gurans Life Insurance declares 8% stock dividend; Paid up to reach Rs 59.4 crore

Gurans Life Insurance Company Limited (GLICL) has decided to distribute 8 percent bonus share to its shareholders. As per the notice published on Nepal Stock Exchange today, the 132nd BOD meeting of the company has proposed 8 percent bonus share and 0.421 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year. The decision is subject to approval from Insurance Board and the company’s upcoming Annual General Meeting (AGM). In the fiscal year 2071/72, GLICL had distributed 10% bonus share to its shareholders. GLICL had earned net profit of Rs. 1.26 crore in the second quarter of fiscal year 2073/74 as per unaudited report. Its paid up capital remains at Rs. 55 crore. After distributing 8 percent bonus share, its paid up capital will rise to Rs. 59.4 crore.