Sanima GIC Insurance Limited has announced its 8th Annual General Meeting (AGM), which will be held on Jestha 6, 2083 B.S. at 11:00 AM at the Nepal Police Club in Kathmandu. The decision was made during the company’s board meeting held on Baishakh 10. The AGM will mainly focus on reviewing and approving key financial and corporate decisions, including dividend distribution and annual financial statements.
The company has proposed a total dividend of 5% bonus shares along with 0.2632% cash dividend for tax purposes from the profits of the fiscal year 2081/82. The bonus share distribution amounts to NPR 10.75 crore, while the cash dividend allocated for tax purposes stands at NPR 56.57 lakh. These proposals will be presented for approval in the upcoming AGM.
In addition to the dividend proposal, the meeting will also review the annual report, audited financial statements, and auditor’s report for FY 2081/82. The AGM will further appoint an external auditor for the next fiscal year and decide their remuneration. It will also discuss matters related to the previously approved 17% rights share issuance and authorize the board to make necessary adjustments to the company’s paid-up capital after implementation.
The company has announced Baishakh 23, 2083 B.S. as the book closure date. Only shareholders registered before the previous trading day will be eligible to participate in the AGM and receive the proposed benefits.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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