Himalayan Life Insurance is set to hold its 18th Annual General Meeting on Asar 10 to approve an 8% cash dividend and finalize other key proposals.
News Article:
Himalayan Life Insurance Limited will convene its 18th Annual General Meeting (AGM) on Tuesday, Asar 10, 2082, at 10:30 AM at Amrapali Banquet, Naxal. The meeting was called following a board decision made on Jestha 19.
During the AGM, the company is expected to approve an 8% cash dividend (including tax) from the retained earnings of the previous fiscal year. The dividend will be distributed on the company’s paid-up capital of Rs. 9 arba 14 crore 32 lakh 37 thousand.
In addition to the dividend proposal, the AGM will also review and approve the annual and auditor’s reports, endorse the financial statements, and appoint an auditor with remuneration for the current fiscal year. Further, the meeting will propose authorizing the board of directors to make necessary amendments to the company’s memorandum and articles of association and approve expenses incurred during the last fiscal year.
For dividend entitlement and AGM participation, the company had already set a book closure date for Jestha 28. Therefore, only shareholders registered in NEPSE by Jestha 27 are eligible to attend the AGM and receive the proposed dividend.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
