NLICL AGM on June 13 to pass 72.5% dividend, Rs 2 arba authorized capital

ShareSansar, May 20:

National Life Insurance Company Limited (NLICL) will hold its Annual General Meeting on June 13, which, inter alias, will formally endorse 72.5 percent dividend – 55 percent bonus share and 17.5 cash – to the shareholders from the net profit it posted in the last fiscal year 2069/70.

Publishing a notice today to inform about its upcoming 26th AGM, the company has stated that the annual event to be held at its newly constructed building at Lazimpat in Kathmandu will also pass a proposal to shore up the authorized capital to Rs 2 arba and the paid-up capital to Rs 1 arba.

This comes at a time when other leading life insurers have been proposing handsome dividend to their shareholders.

It may be noted that after the distribution of the dividend, the company’s paid-up capital will shore up to Rs 77.5 crore, up from the current Rs 50 crore.


After the news that NLICL’s Board of Directors has pledged handsome dividend in April, the company’s shares has witnessed high turnover at the stock exchange.

The NLICL scrip was traded at Rs 2990 per unit yesterday.