Life Insurance Corporation (Nepal) Limited (LIC Nepal) has announced that it will hold its 23rd Annual General Meeting (AGM) on Asar 30, 2081 (Monday). The decision was made during a board meeting held on Asar 4. The meeting is scheduled to take place at 11:45 AM at the Nepal Administrative Staff College, Jawalakhel, Lalitpur.
During the AGM, the company will propose the distribution of a 10 percent bonus share and a 0.526 percent cash dividend (including tax) based on the current paid-up capital. Additionally, the meeting will review and approve the annual report, auditor’s report, and financial statements of the last fiscal year. It will also appoint an auditor for the current fiscal year and set their remuneration.
The agenda also includes electing one director from Group ‘Kha’ (public shareholders) and approving the director nominated from the promoter group. As the issuance of bonus shares will increase the company’s capital, the meeting will also propose amendments to the company’s Memorandum and Articles of Association or allow the board to make necessary changes as per regulatory instructions.
For the purpose of this AGM and dividend distribution, LIC Nepal has announced a one-day book closure on Asar 16. Therefore, only shareholders registered with the Nepal Stock Exchange (NEPSE) by Asar 15 will be eligible to attend the AGM and receive the proposed dividend.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
