Prabhu Insurance Limited has announced that its 30th Annual General Meeting (AGM) will be held on Baisakh 9, 2083. The company’s Board of Directors decided that the AGM will take place at the central office located in Prabhu Complex, Tinkune, Kathmandu, starting at 11:00 AM.
The meeting will approve the distribution of dividends for the fiscal year 2081/82, amounting to 9.1579% of the paid-up capital as bonus shares and 0.4579% as cash dividend for tax purposes.
Following the dividend distribution, the AGM will consider a special proposal to amend the company’s Articles of Association and bylaws to reflect the increase in issued and paid-up capital. Another special proposal to authorize the Board of Directors to incorporate regulatory guidance and institutional responsibility expenses into the Articles and bylaws will also be presented.
The AGM will approve the annual and auditor reports for the previous fiscal year. Additionally, proposals regarding the appointment and remuneration of auditors for the current fiscal year will be passed.
For the purposes of dividend entitlement and AGM participation, the company has announced the book closure date as Chaitra 26, 2082. Only shareholders registered by this date will be eligible to receive dividends and attend the meeting.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
