Premier Insurance AGM concluded; 11.5 percent cash dividend to distribute

Kathmandu, April 6

Premier Insurance Company Ltd. has held its 27th annual general meeting. The meeting was held at the company’s central office on Chaitra 23.

The meeting has passed a resolution to distribute 11.5 percent cash dividend. In addition, the meeting has decided to deduct the tax on the bonus shares distributed in the fiscal year 2074/75 from the same dividend.

The company had distributed 84 percent bonus shares of the paid-up capital in the fiscal year 2074/75. The meeting was concluded through virtual means. The company reported a net profit earned of Rs. 18 crore 69 lakh. The paid-up capital of the company is Rs. 1 arba 7 crore 45 lakh. The company contributed Rs. 28 crore 77 lakh has been accumulated.