Prabhu Insurance and Garima Bikas Bank to distribute proposed dividend; urges shareholders to dematerialize holdings

Tue, Feb 11, 2020 3:00 PM on Dividend, Bonus & Rights, Latest, Others,
Prabhu Ins...

Two companies are distributing dividends for FY 75/76 directly to the shareholders, they are Prabhu Insurance Limited (PRIN) and Garima Bikas Bank Limited (GBBL).

The 24th AGM of PRIN held on Magh 24, 2076 had endorsed distribution of 11.32% cash dividend (including tax) out of profits of FY 75/76 for the shareholders. The company will issue the cash dividend directly to the bank accounts of the shareholders in chronological order.

Similarly, the 13th AGM of GBBL held on Mangsir 27, 2076 had endorsed distribution of 16.15% bonus shares out of profits of FY 75/76 for the shareholders. The bonus shares will be directly added to the demat account of respective shareholders.

For this purpose, both the companies have urged the shareholders to dematerialize their holdings and link their respective bank accounts and demat accounts.