Prabhu Mahalaxmi Life Deposits 8% Bonus Shares in Shareholders’ Demat Accounts

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has deposited its recently approved 8% bonus shares into the demat accounts of eligible shareholders.

The decision was endorsed during the company’s 8th Annual General Meeting (AGM) held on 26th Jestha (June 9). Along with the bonus shares, the AGM had also approved a 0.421% cash dividend on the paid-up capital.

As per the company, only those shareholders who remained listed in the Nepal Stock Exchange (NEPSE) by 14th Jestha (May 28), with the book closure taking place on 16th Jestha (May 30), are entitled to receive the dividend.

Meanwhile, shareholders who had pledged their shares as collateral for loans before 15th Jestha (May 29) will have their bonus shares temporarily withheld under the name of the respective lending banks and financial institutions.

The bonus shares have now been registered and listed with NEPSE and CDS & Clearing Limited, allowing them to be traded in dematerialized form.