Neco Insurance Concludes 29th AGM, Approves 7% Bonus Shares and Cash Dividend
Kathmandu — Neco Insurance Limited has approved a dividend proposal at its 29th Annual General Meeting (AGM), held on Friday at Lisara Reception, Naxal.
The meeting endorsed the distribution of 7 percent bonus shares on the paid-up capital along with a 0.3684 percent cash dividend, inclusive of tax.
In addition to the dividend proposal, the AGM approved the appointment of an auditor for the current fiscal year and fixed the auditor’s remuneration. The board of directors was also authorized to make necessary amendments to the company’s memorandum of association and regulations, based on the approval of the previous fiscal year’s annual report.