Himalayan General Insurance declares 20% stock dividend; Paid up capital will reach Rs. 32 crore

Himalayan General Insurance Company Limited (HGI) has announced 20 percent bonus share and 1.05 percent cash dividend for tax purpose to its shareholders. The BOD meeting held on Magh 10, 2072 has proposed 20 percent bonus share and 1.05 percent cash dividend (tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subjected to approval from insurance board and the insurance’s upcoming Annual General Meeting (AGM). Last year, HGI had distributed 7 percent bonus share and 3.25 percent cash dividend to its shareholders from the profit it made in 2070/71 FY. Himalayan General Insurance has earned net profit of Rs 1.20 crore in the first quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at 26.75 crore and after the issuance of 20% bonus share the paid up capital will rise to Rs 32.1 crore.