Prabhu Insurance Announces Book Closure on shrawan 2 (July 17 ) : 18% Bonus Share Proposal

Prabhu Insurance Company has called its Annual General Meeting (AGM) for Shrawan 23 (August 7). The decision was made during the board meeting held on Asar 24.

The company plans to propose a 0.94% cash dividend and an 18% bonus share on the current paid-up capital of NPR 1.44 billion during the AGM.

Following the distribution of the proposed 18% bonus shares, the company has also announced its plan to issue a 47% rights share based on the increased paid-up capital.

The company has set Shrawan 2 (August 6) as the book closure date. Only shareholders holding shares until Shrawan 1 will be eligible to attend the AGM and receive the proposed bonus shares.