Last Day to Grab 6% Bonus Shares of Everest Insurance Company Limited (EIC)

Today is the last trading day in NEPSE to grab the dividend of Everest Insurance Company Limited (EIC).

Everest Insurance Company Limited (EIC) has called its 27th AGM on 21st Baisakh, 2079. The meeting will be held in Agarwal Bhawan, Kamalpokhari, Kathmandu, starting at 2 pm that day.

Baisakh 12, 2079 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.

Among other agendas, the AGM will endorse a 6.3158% dividend for the fiscal year 2077/78. The 121st meeting of the board of directors held on Falgun 10 decided to distribute the dividend on the paid-up capital of Rs. 1,18,36,04,400. 6% bonus shares and 0.3158% cash dividend have been proposed. Thus, the bonus shares are worth Rs. 7.1 crores and the cash dividend is worth Rs. 37.37 lakhs. The cash dividend has been proposed for the tax amount on bonus shares.

Furthermore, the AGM will also elect 3 board members from the promoters and 2 from the public shareholders.

EIC closed at Rs. 548 on Baisakh 8.