The company will present a proposal to convert 10% of founder shares into the public category at the upcoming EGM.
Prabhu Mahalaxmi Life Insurance Limited has announced a special Extraordinary General Meeting (EGM). According to the company, the Board of Directors, in its meeting held on Chaitra 3, decided to hold the EGM on Thursday, Chaitra 19, at 9:00 AM at Amrapali Banquet, Bhatbhateni, Kathmandu.
During the meeting, the company will present a proposal to convert 10% of the founder group’s shares into the public group. Additionally, the board will seek authorization to make any amendments, additions, or linguistic modifications to the company’s Articles of Association and bylaws if instructed by the regulatory authority.
For the purpose of the meeting, the company has set the book closure date as Chaitra 12. Accordingly, only shareholders registered with the Nepal Stock Exchange (NEPSE) by Chaitra 11 will be eligible to participate in the EGM.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
