Nepal Life Insurance Limited conducted its 26th annual general meeting (AGM) on Saturday at Hotel Vishva, Birgunj, chaired by the company’s Board Chairman, Govindlal Sangai. The meeting approved the annual report and financial statements for FY 2081/82 and appointed auditors with remuneration for FY 2082/83.
The AGM also approved a 21.05% dividend on the company’s paid-up capital of Rs. 9,02,87,00,000. This includes 16.05% cash dividend (including tax) and 5% bonus shares for shareholders.
From the founder group, Govindlal Sangai, Kamlesh Kumar Agrawal, and Vivek Kumar Agrawal were elected unopposed to the board. Following the AGM, the board re-elected Govindlal Sangai as chairman.
According to the company, total investments reached Rs. 25,400 crore as of the end of Asoj 2082, and it operates through 197 offices across Nepal, providing insurance services nationwide.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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