Prabhu Insurance Limited has declared today (Shrawan 1) as the final day for shareholders to secure eligibility for its upcoming dividend and annual general meeting (AGM), with a one-day book closure set for Shrawan 2.
Prabhu Insurance Limited has announced that Shrawan 1 is the last trading day for shareholders to be eligible for its upcoming dividend and to participate in the company’s annual general meeting. The company will conduct a one-day book closure on Shrawan 2. Shareholders who hold shares as of the close of trading on Shrawan 1 will be entitled to receive the proposed dividend and attend the AGM.
The company has scheduled its 29th Annual General Meeting for Shrawan 23, Friday, at its central office located in Prabhu Complex, Tinkune, Kathmandu. The meeting will begin at 11:00 AM.
During the AGM, the company will propose an 18 percent bonus share distribution and a 0.9474 percent cash dividend for tax purposes, based on the current paid-up capital. These proposals are subject to shareholder approval at the meeting.
In addition to the dividend distribution, the AGM will also present a proposal to issue 47 percent rights shares after the allocation of the bonus shares. Further, the company plans to authorize the board of directors to amend its Memorandum and Articles of Association and appoint an external auditor for the upcoming fiscal year.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
