NLG Insurance announces 25% stock dividend; Paid up to reach Rs 51.22 crore

NLG Insurance Company Limited (NLG) has decided to distribute 25 percent stock dividend to its shareholders. As per the notice published in Nepal Stock Exchange (NEPSE) today, the company’s 194^th BOD meeting held today (Mangsir 21, 2073) has proposed 25 percent stock and 1.315 percent cash dividend (for tax purpose) to its shareholders from the net profit it earned in FY 2072/73. The decision is subjected to approval from Insurance Board and its concerned authorities. NLG had distributed 20 percent bonus share to its shareholders from the profit it made in the fiscal year 2071/72. NLG Insurance has earned net profit of Rs 4.35 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. It’s paid up capital remains at Rs 40.98 crore. After the issuance of 25 percent bonus share, the paid up capital will rise to Rs 51.22 crore.