The 261st board of meeting of Premier Insurance Company was held on Jestha 17, 2076 and the meeting has proposed 79.79 percent bonus shares worth Rs. 46.60 crore from the profit of 2074/75. The company informed Nepse about the proposed bonus share today.

The total dividend amounts to 49.05 crores since 2.45 crore or 4.20 percent cash dividend will be used for tax purpose. So, the total dividend for the FY 2074/75 stands at 83.99 percent.

The bonus share is subject to approval from Beema Samiti and then will be endorsed AGM of the company. The paid-up capital of the company stands at Rs. 58.40 crores and after the bonus adjustment, it will reach 1.05 arba. As a result, it will be able to reach the minimum capital requirement of 1 arba.