Asian Life Insurance Company Limited held its 18th Annual General Meeting (AGM) today at Hotel Classic Plaza, Simra, Bara. The chairman of the board, Deepak Kumar Shrestha, presented the annual report for FY 2081/82, which was unanimously approved by the shareholders.
The AGM approved the distribution of a total dividend of 10.5263% of paid-up capital from accumulated profits up to FY 2081/82. This includes 5% bonus shares worth NPR 25,057,960.35 and 5.5263% cash dividend amounting to NPR 276,379,850.91 (including tax).
The meeting also reviewed and approved the company’s financial statements for FY 2081/82, prepared according to NFRS, including the balance sheet, profit and loss account, cash flow statement, and related schedules, as of Ashad end, 2082 B.S.
Additionally, shareholders approved the appointment and remuneration of auditors for the upcoming FY 2082/83.
Finally, the AGM authorized the board of directors to make necessary amendments to the company’s memorandum and bylaws and implement directives received from relevant regulatory authorities.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
