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Prabhu Insurance Company Endorse 5% Dividend for FY 2079/80

Prabhu Insurance Company Limited (PRIN) has announced its 28th Annual General Meeting (AGM) scheduled for the 20th of Baishakh, 2081. The AGM will convene at the Prabhu Complex in Tinkune, Kathmandu, commencing at 10 am on the designated day.

Among the key agendas on the table, the AGM will endorse a 5% dividend for the fiscal year 2079/80. The decision was made during the 433rd meeting of the board of directors held on Falgun 20. The proposed dividend includes 4.75% bonus shares amounting to Rs. 6.53 crores and 0.25% cash dividend (for tax) totaling slightly over Rs. 34.40 lakhs, based on the paid-up capital of Rs. 1.37 Arba.

Additionally, the AGM will address crucial matters such as endorsing the auditor’s report along with PL statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 and the formation of a board of directors with specific diversity criteria, including the inclusion of at least one female director and one independent director among a total of 7 directors, will also be deliberated.

The book closure date for shareholders entitled to the dividend payout and AGM participation is set for Baishakh 7, 2081. Investors who maintain shares before this date are eligible for the benefits outlined in the AGM agenda.

As of the latest update, PRIN’s Last Traded Price (LTP) stands at Rs. 795.00.


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