Nepal Insurance Concludes AGM, Approves Dividend Proposal

Kathmandu – Nepal Insurance Company Limited successfully concluded its 76th Annual General Meeting (AGM) at Nepal Pragya Pratishthan, Kamaladi, Kathmandu.

The AGM approved a dividend distribution of 15 percent bonus shares and 0.79 percent cash dividend (including tax) on the current paid-up capital for shareholders. Additionally, the meeting authorized the Board of Directors to amend the company’s Memorandum of Association and Articles of Association to reflect the increased capital after issuing 40 percent of the paid-up capital, subject to modifications.

Key resolutions passed during the meeting included the approval of financial statements for the previous fiscal year, the appointment of an auditor for the current fiscal year, determination of auditor remuneration, and approval of corporate social responsibility (CSR) expenses.

The company had its book closure on Chaitra 7 (March 20) for dividend distribution purposes, ensuring that only shareholders holding shares as of Chaitra 6 (March 19) are eligible for dividends.