Life Insurance Corporation (Nepal) Limited has approved a 10% bonus share and 0.5263% cash dividend for tax purposes during its 23rd Annual General Meeting held at the Nepal Administrative Staff College, Jawalakhel, Lalitpur.
Dividend and Financial Approvals
The AGM endorsed the proposed 10% bonus share and a small cash dividend to cover applicable taxes. Alongside this, shareholders approved amendments to the company’s Memorandum of Association to reflect the increase in paid-up capital following the bonus issuance.
The meeting also approved the annual report for fiscal year 2080/81 B.S., including the profit and loss account and cash flow statement.
Leadership Remarks
Board Chairperson Siddhant Mohanty thanked shareholders for their active engagement and stated that their trust and support continue to energize the company’s growth.
CEO Pranay Kumar addressed queries from the floor, emphasizing that LIC Nepal’s key financial indicators remain strong and the company is on track to improve performance further through enhanced strategies, even in the current economic environment.
Book Closure Information
For AGM and dividend eligibility, the company had closed its shareholder register on Asar 16, 2081 B.S. Shareholders listed by Asar 15 were eligible to participate.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
