Nepal Insurance Distributed 11% Bonus Shares to Demat Accounts

Nepal Insurance Company Limited (NICL) has distributed 11% bonus shares directly to the DEMAT accounts of its shareholders. The company has urged its shareholders to dematerialize its shares.

The 73rd AGM of the company endorsed an 11.5789% dividend for the fiscal year 2077/78. The meeting of the board of directors held on Jestha 06 decided to distribute the dividend on the paid-up capital of Rs. 1.24 Arba. 11% bonus shares worth Rs 13.66 crores and 0.5789% cash dividend (including tax for bonus shares) worth Rs. 71.92 lakhs were proposed. The same bonus shares are now deposited to Demat accounts. The shareholder registration book (book closure) was from Jestha 17 to Jestha 30.

Shareholders will have to dematerialize their shares at NIBL Ace Capital Limited, Lazimpat, Kathmandu.

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