Last day to secure 12.82% bonus shares of Lumbini General Insurance; LTP at Rs 779

Today is the last day to secure 12.82% bonus shares of Lumbini General Insurance Company Limited (LGIL). The board meeting of the insurance company held on Mangsir 1, 2074 had proposed 12.82% bonus shares and 0.67% cash dividend (for tax purpose) from the net profit it had earned in the FY 2074/75. The book closure date for the AGM has been set on Mangsir 29, 2074. Thus only those shareholders holding their shares till today (Mangsir 28, 2074) i.e. one day ahead of the book closure date are eligible to participate in the AGM and proposed dividend. It will be convening its 13^th Annual General Meeting (AGM) on Poush 14, 2074. The AGM is going to be held at Amritbhog, Dillibazar, Kathmandu at 11:00 AM. Its current paid up capital stands at Rs 78.30 crore. It had floated 100% right shares to its shareholders. Thus after adjustment of bonus shares, its paid up capital will reach to Rs 88.30 crore. To meet the capital requirement of Rs 1 arba, it should further hike its capital by Rs 11.70 crore (around 13%). It had earned Rs 3.90 crore in the first quarter of the FY 2074/75. Its LTP stood at Rs 779 as of last trading day.