Himalayan Life Insurance Holds 18th AGM, Approves 8% Cash Dividend

Himalayan Life Insurance Limited successfully conducted its 18th Annual General Meeting (AGM) on Tuesday at Amrapali Banquet, Naxal, Kathmandu.

The AGM approved a proposal to distribute an 8% cash dividend (including tax) from the accumulated profit of the last fiscal year, based on the paid-up capital of Rs. 9 arba 14 crore 32 lakh 37 thousand.

Additionally, the meeting endorsed the annual report, auditor’s report, and financial statements. It also approved the appointment of an auditor and determination of remuneration for the current fiscal year.

The AGM passed proposals to authorize the board of directors to amend the company’s memorandum and articles of association, and to ratify expenditures from the previous fiscal year.

Chairman of the board, Shulabh Agrawal, expressed his commitment to conducting the meeting on time and assured shareholders of fair returns in the future. He also extended his gratitude to all participating shareholders for their support.

For the purpose of the AGM and dividend distribution, the company had closed its book on Jestha 28. Accordingly, shareholders registered with NEPSE by Jestha 27 will be eligible to receive the 8% cash dividend.

This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.