Last day to clinch 42% bonus & 28.53% cash dividend of Nepal Life Insurance; LTP at Rs 1,545

Today is the last day to clinch dividend of Nepal Life Insurance Company Limited (NLIC). The meeting of the board of directors held on Falgun 13, 2074 had declared 42% bonus shares and 28.53% cash dividend for the shareholders from the net profit of FY 2073/74. The book closure date has been set on Chaitra 14, 2074. Thus only those shareholders owning their share till Chaitra 13, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM. It will be convening 18^th Annual General Meeting (AGM) on Chaitra 28, 2074. The AGM is going to be held at Hotel Bhiswa, Birgunj at 9.30 AM. The insurance company has reported a net profit of Rs 27.96 crore in the second quarter of the current fiscal year. Currently, it has a paid up capital of Rs 3.09 arba with reserve of Rs 5.02 arba. After the issuance of 42% bonus shares, its paid up capital will reach Rs 4.38 arba. Its LTP stood at Rs 1,545 as of last trading day.