Himalayan Life Insurance is conducting its Annual General Meeting today, Asar 10, to approve an 8% cash dividend and discuss key financial matters for FY 2080/81.
News Article:
Himalayan Life Insurance Limited is holding its 8th Annual General Meeting (AGM) today, Tuesday, Asar 10, 2082. The meeting is taking place at Amrapali Banquet, Bhatbhateni, Kathmandu, starting at 10:30 AM.
One of the main proposals to be passed at the AGM is the distribution of an 8% cash dividend (including tax) on the company’s current paid-up capital.
The meeting will also review and approve the board’s annual report for the fiscal year 2080/81. Discussions will cover the auditor’s report, balance sheet, profit and loss account, cash flow statement, and accompanying schedules prepared in accordance with NFRS (Nepal Financial Reporting Standards).
Additionally, the financial statements of the company’s subsidiary, Himalayan Investment Bank Limited, for FY 2080/81 will be approved.
The AGM will also propose the appointment and remuneration of an external auditor for the upcoming fiscal year 2081/82. The current auditor, S.S. Lal & Associates Chartered Accountants, is proposed for reappointment.
Other proposals include authorizing the board of directors to make necessary amendments to resolutions as required by regulatory authorities and approving the company’s expenses for FY 2080/81 as per Section 105(1) (ga) of the Companies Act.
Earlier, the company had announced a one-day book closure on Jestha 28 for the purpose of the AGM and dividend. Shareholders who were listed on NEPSE by Jestha 27 are eligible to participate in the meeting and receive the dividend.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
