Himalayan Life Insurance to Hold AGM on February 23, Proposes 14% Bonus Shares

Kathmandu – Himalayan Life Insurance Company has scheduled its Annual General Meeting (AGM) for February 23 at Anupam Foodland and Banquet, Battisputli, Kathmandu, starting at 10:30 AM. The company plans to propose a 14% bonus share distribution from the previous financial year’s profit during the meeting.

As per regulatory provisions, shareholders will be responsible for paying the applicable tax on the bonus shares. Additionally, the meeting’s agenda includes authorizing the board of directors to amend the company’s charter and regulations, along with discussions on the profit and loss account for the financial year 2079/80. The appointment of auditors and determination of remuneration for the financial year 2081/82 will also be addressed.

For participation in the AGM and eligibility for the proposed dividend, shareholders must have been registered by February 6, as the company closed its book on February 7.