Siddhartha Premier Insurance Holds 31st AGM, Approves 30% Cash Dividend

Kathmandu – Siddhartha Premier Insurance Limited held its 31st Annual General Meeting (AGM) at Lisara Reception in Naxal, Kathmandu. The meeting, which commenced on February 27 , approved key financial and operational decisions for the company.

One of the major resolutions passed was the distribution of a 30% cash dividend (including tax) on the company’s paid-up capital, as proposed by the Board of Directors.

Additionally, the AGM endorsed the financial statements, including the annual report for the last fiscal year, and finalized the appointment and remuneration of the auditor for the current year. The meeting also approved the appointment of an independent director, an increase in board meeting allowances, and authorized the Board of Directors to make necessary decisions on behalf of the company.