Lumbini General Insurance declares 18.182% bonus share; Paid up to reach Rs 39 crore

Lumbini General Insurance Company Limited (LGIL) has decided to distribute 18.182 percent stock dividend to its shareholders. As per the notice published in Nepal Stock Exchange Limited (NEPSE) today, the insurance company’s BOD meeting held on Kartik 12, 2073 has proposed 18.182 percent bonus share and 0.96 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Insurance Board and the insurance company’s upcoming Annual General Meeting (AGM). LGIL had distributed 13.06 % bonus share to its shareholders in the fiscal year 2071/72. Lumbini General Insurance has earned net profit of Rs 15.59 crore in the fourth quarter of the fiscal year 2072/73.Its paid up capital remains at Rs 33 crore. After distribution of 18.182 percent bonus share it’s paid up capital will reach to Rs 39 crore.