Himalayan Reinsurance Limited plans to issue 80% right shares following the adjustment for bonus shares.

Himalayan Reinsurance Limited (HRL) has scheduled its 3rd Annual General Meeting (AGM) for the 20th of Falgun, 2080. The venue for the meeting is set at Rastriya Sabha Griha, located on Pradarshani Marg in Kathmandu, with proceedings commencing promptly at 11:00 AM.

Among the agenda items, the AGM will seek approval for a 4.21% dividend distribution for the fiscal year 2079/80. In a decision made during the 55th Board of Directors meeting on Magh 25, it was proposed to allocate this dividend on the paid-up capital of Rs. 10 Arba, with 4% bonus shares and 0.21% cash dividend for tax purposes. This equates to bonus shares valued at Rs. 40 crores and a cash dividend of Rs. 2.10 crores.

Furthermore, The company has decided to offer 80% right shares to existing shareholders, valued at Rs. 8.32 Arba. The issuance will held after adjusting the issuance of 4.21% dividend reaching company capital to Rs. 10 Arba 40 Crores.