Premier Insurance announces 30% stock dividend; Paid up capital will rise to Rs.37.37 crore

Premier Insurance Company Limited (PIC) has decided to distribute 30 percent bonus share and 1.02 percent cash dividend including for tax purpose to its shareholders. The BOD Meeting of the company held on Poush 16 has proposed 30 percent bonus share 1.02 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, PIC had distributed percent 14 percent bonus share and 1:1.15 right share to their shareholders Premier Insurance had earned net profit of Rs. 1.35 crore in the first quarter of current fiscal year 2072/73 unaudited report. It’s paid up capital remains at Rs. 28.75 crore. After distributing 30 percent bonus share it’s paid up capital will rise to Rs. 37.37 crore.