NLG Insurance announces 21.05% dividend; Paid up capital will rise to Rs.39.99 crore

NLG Insurance Company Limited (NLG) has decided to distribute 17.113 percent bonus share and 3.939 percent cash dividend including for tax purpose to its shareholders. The 169^thBOD Meeting of the company held on Mangsir 15 has proposed 17.113 percent bonus share 3.939 percent cash dividend including for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subject to approval from Beema Samiti and the insurance’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71, NLG Insurance had distributed percent 15 percent bonus share and 6.05 percent cash dividend to their shareholders NLG Insurance had earned net profit of Rs. 3.12 crore in the first quarter of current fiscal year 2072/73 unaudited report. It’s paid up capital remains at Rs. 34.15crore. After distributing 17.113 percent bonus share it’s paid up capital will rise to Rs.39.99 crore.