Himalayan Reinsurance Proposes 4.21% Dividend for FY 2079/80; Includes Bonus Shares and Cash

Himalayan Reinsurance Limited (HRL) has suggested a dividend of 4.21% for the fiscal year 2079/80. In a decision made during the 55th board of directors meeting on Magh 25, it was agreed to distribute this dividend based on the paid-up capital of Rs. 10 Arba. The proposal includes 4% bonus shares and a 0.21% cash dividend, totaling Rs. 40 crores and Rs. 2.10 crores respectively. However, the dividend distribution is subject to approval by the central bank and endorsement at the company’s upcoming Annual General Meeting (AGM).