Asian Life Insurance Company Limited has announced its 18th Annual General Meeting (AGM). The company’s board of directors, in a meeting held on Magh 18, 2082 B.S., decided to hold the AGM on Fagun 11, 2082 B.S., at 1:00 PM at Hotel Classic in Simara, Bara. The AGM will consider a proposal to distribute 5% bonus shares and 5.5263% cash dividend (inclusive of taxes) from the company’s accumulated profit of the previous fiscal year. Shareholders will also review and approve the annual report presented by the chairman, audited financial statements of the previous fiscal year, deposits and balances up to the end of Ashar, profit and loss accounts, cash flow statement, and related schedules. Additionally, the meeting will decide on the appointment and remuneration of auditors for the current fiscal year, approve an increase in issued and paid-up capital following bonus share distribution, amend and add objectives in the company’s Articles of Association, and empower the board to make necessary changes to the Articles and regulations. For AGM participation and dividend eligibility, the company has set Magh 29, 2082 B.S., as the book closure date, and shareholders registered with NEPSE by Magh 28 will be eligible to attend the AGM and receive the proposed dividend.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
