Asian Life Insurance Company Limited has decided to close its books on Magh 29, 2082 B.S. for the purposes of dividend distribution and convening the Annual General Meeting (AGM). Shareholders registered on NEPSE by Magh 28, 2082 B.S. will be eligible to receive the proposed dividend and participate in the AGM.
For the fiscal year 2081/82 B.S., the company has proposed a total dividend of 10.5263% of the paid-up capital, which includes 5% bonus shares and 5.5263% cash dividend (inclusive of taxes).
The company has scheduled its 18th AGM on Magh 11, 2082 B.S., which will be held at Hotel Classic, Simara, Bara, starting at 1:00 PM.
The AGM will approve a special proposal to increase issued and paid-up capital to the extent required for bonus share distribution. Additionally, the meeting will approve proposals to amend the company’s Articles of Association and bylaws as needed, and empower the Board of Directors to implement regulatory recommendations and instructions obtained during the amendment process.
The AGM will also review and approve the annual report and auditor’s report for the previous fiscal year, and confirm the appointment and remuneration of the auditor for the current fiscal year 2082/83 B.S.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
