National Life Insurance declares 30% bonus & 100% right share; AGM on Mangsir 29

National Life Insurance Company Limited (NLICL) has decided to distribute 30 percent bonus share and 100 percent right share to its shareholders. As per the notice published in NEPSE today, the insurance has proposed 30 percent bonus share with 1.58 percent cash dividend for tax purpose from the net profit it earned in the last fiscal year 2071/72 . The company has also announced 100% right share to its shareholders The insurance company will be holding 28^th Annual General Meeting (AGM) on Mangsir 29, 2073. The same AGM will approve 100% right and bonus share to its shareholders. Earlier, NLICL had distributed 30% bonus share to its shareholders from the profit it made in the FY 2070/71. National life Insurance has earned net profit of Rs 5.05 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. It has paid up capital of Rs 1.01 arba. After distribution of 30% bonus share, its paid up capital will reach to Rs 1.31 arba. Likewise after issuance of 100% right share, its paid up capital will reach to Rs 2.62 arba.