IME Life Insurance Company Limited successfully concluded its 9th Annual General Meeting (AGM) today at Diyo Mahal, Dhumbarahi, Kathmandu, under the chairmanship of Dr. Ramhari Aryal, Chairman of the Board of Directors.
The AGM approved a proposal to distribute a 10.52632% cash dividend (including tax) to shareholders from the distributable profit of the previous fiscal year, based on the company’s current paid-up capital, as recommended by the Board of Directors.
The meeting also discussed and endorsed the annual report, auditor’s report, balance sheet, profit and loss statement, and cash flow statement for the last fiscal year. In addition, the AGM approved the appointment of the auditor and determination of remuneration for the current fiscal year.
Furthermore, shareholders approved the expenses incurred under Corporate Social Responsibility (CSR) activities. The AGM also authorized the Board of Directors to make necessary amendments to the company’s Memorandum and Articles of Association, should any directives or recommendations be issued by regulatory authorities.
For AGM and dividend distribution purposes, the company had closed its shareholder register (book closure) for one day on Poush 11 (B.S.). Accordingly, shareholders who purchased shares on NEPSE up to Poush 10 (B.S.) will be eligible to receive the approved dividend.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
