Asian Life Insurance Company Limited is holding its 18th Annual General Meeting (AGM) today at Hotel Classic Simra, Bara, starting at 1:00 PM. The meeting will seek shareholder approval for a 5% bonus share and a 5.5263% cash dividend (including tax).
In addition, the AGM agenda includes approval of the annual report presented by the chairman, financial statements prepared according to NFRS, including the balance sheet, profit and loss account, cash flow statement, and related schedules. Shareholders will also review proposals for appointment and remuneration of auditors for the current fiscal year, authorization to increase issued and paid-up capital after bonus share distribution, and giving the board of directors the authority to amend the company’s memorandum and bylaws as needed. For the purpose of the AGM and dividend distribution, the company had declared a one-day book closure on Magh 29, 2082 B.S., meaning only shareholders registered on NEPSE by Magh 28 are eligible to participate and receive dividends.
Similarly, NECO Insurance Company Limited is holding its 30th AGM today at Lisara Reception, Naxal, Kathmandu, starting at 11:00 AM. The meeting will propose a 3% bonus share (3 shares for every 100 held) and a 12.7894% cash dividend (including tax).
The AGM agenda also includes approval of last fiscal year’s annual report, audit report, and financial statements, appointment and remuneration of auditors for the current fiscal year, increase in issued and paid-up capital after bonus share issuance, and authorization for the board to amend the memorandum and bylaws as per regulatory requirements. NECO Insurance had declared a one-day book closure on Magh 25, 2082 B.S., so only shareholders registered on NEPSE by Magh 24 are eligible to attend and receive dividends.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
