NLG Insurance Approves 62.56% Rights Share Issuance in Special General Meeting
Kathmandu, NLG Insurance Company Limited held its special general meeting today at Amrapali Banquet, Baluwatar, under the chairmanship of Bimal Prasad Wagle, Chairman of the Board of Directors.
The meeting approved a resolution to issue 62.56% rights shares, equivalent to 6.256 million shares of the company’s paid-up capital. This move aims to help the company meet the minimum paid-up capital requirements set by the Nepal Insurance Authority.
With the passing of this proposal, NLG Insurance has committed to advancing its core operations. In preparation for the special general meeting, the company had closed its books for one day on October 8.