National Life Insurance to Hold 37th AGM Tomorrow with Proposals for Cash Dividend, Bonus Shares, and Director Elections
National Life Insurance Company will hold its 37th Annual General Meeting (AGM) tomorrow at 10:30 AM at its central office in Lazimpat.
The meeting will seek approval for distributing a 10% cash dividend and 5% bonus shares based on the current paid-up capital of Rs. 5 arba 21 crore 21 lakh 33 thousand. Additionally, a 0.789473% cash dividend will be adjusted to cover the tax on these dividends.
The AGM will also approve the annual report, auditor’s report, and financial statements for the previous fiscal year. It will appoint an auditor for the current year and decide on their remuneration.
Other proposals include increasing the company’s paid-up capital, approving expenses from the previous fiscal year, and authorizing the Board of Directors to amend the company’s Articles of Association and Bylaws as needed.
Additionally, elections will be held to appoint three directors from the Promoter Group ‘A’ and two directors from the Public Investor Group ‘B’.
For the purpose of the AGM and dividend distribution, the company will close its share register for one day on Jestha 22. Only shareholders registered with NEPSE by Jestha 21 will be eligible to participate in the meeting and receive dividends.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
