NLG Insurance Bonus Shares Deposited to DEMAT Accounts; Urgent Notice Issued for Share Dematerialization

NLG Insurance Company Limited has announced that the 2.50% bonus shares approved by its 19th Annual General Meeting on May 12, 2025 (Bhadra 29, 2082), have been listed and registered with NEPSE and CDS and Clearing Ltd., making them tradable in dematerialized (DEMAT) form. The company has urged shareholders to dematerialize their physical shares immediately.

The company confirmed that bonus shares for shareholders who had dematerialized their physical certificates by May 4, 2025 (Bhadra 21, 2082), have already been credited to their respective DEMAT accounts. Shareholders who dematerialized their shares after that date will have their bonus shares deposited subsequently. The company strongly advises all shareholders who have not yet dematerialized their shares to do so promptly to ensure their bonus shares are also deposited into their DEMAT accounts.

The notice also provides a critical update regarding shares pledged for loans. For shares that were pledged as collateral for loans prior to May 4, 2025 (Bhadra 21, 2082), the corresponding bonus shares have been frozen (marked as collateral) in the shareholder’s DEMAT account under the name of the respective bank or financial institution. Shareholders are requested to contact their lending institution to unfreeze these shares upon repayment of the loan.

Conversely, for shareholders whose shares were pledged after May 4, 2025, the bonus shares have been deposited into the shareholder's DEMAT account without being frozen. Therefore, the company has specifically requested the concerned banks and financial institutions to verify whether the shareholder's original shares are still under lien and, if required, to take necessary action to ensure the bonus shares are also placed under lock-in or lien, as mandated by the loan agreement.

The company's share registrar is RBB Merchant Banking Limited.