Sagarmatha Lumbini Insurance Concludes 28th AGM, Approves 15% Cash Dividend

Kathmandu — Sagarmatha Lumbini Insurance Company Limited successfully conducted its 28th Annual General Meeting (AGM) on Sunday at Ranimahal Banquet, Gyaneshwor, Kathmandu. The meeting was held under the chairmanship of Manohar Das Mul, Chairman of the Board of Directors.

During the meeting, shareholders approved a 15 percent cash dividend on the company’s paid-up capital for the fiscal year 2080/81.
The AGM also endorsed the company’s annual financial statements and auditor’s report for the previous fiscal year. A resolution was passed for the appointment of an auditor for the current fiscal year, along with the determination of remuneration.

Further, the meeting reviewed and approved the allowances and facilities provided to the Board of Directors, as well as its various committees and sub-committees. It also endorsed the expenditures made under the company’s corporate social responsibility (CSR) initiatives.

Additionally, the assembly passed a special resolution authorizing the Board of Directors to amend the Memorandum and Articles of Association in line with directions from regulatory authorities.