Last Day to Secure Dividend of Prabhu Mahalaxmi Life Insurance

Kathmandu — Today marks the final day for shareholders to secure eligibility for Prabhu Mahalaxmi’s proposed dividend and participate in the upcoming annual general meeting (AGM).

Prabhu Mahalaxmi Life has proposed distributing an 8 percent bonus share and a 0.421 percent cash dividend (including tax) based on the company’s current paid-up capital. The AGM is scheduled to be held on Jestha 26 (June 9) at 11 AM at Amrapali Banquet, Kathmandu,.

In a related update, the company announced that the decision made during the seventh AGM to issue 7 percent right shares will be revoked. The cancellation comes as the company’s paid-up capital will reach the required threshold set by the regulatory authority following the distribution of bonus shares.

Alongside the dividend distribution, the meeting agenda includes approval of the company’s annual report for the previous fiscal year, appointment of an auditor for the current fiscal year, and determination of the auditor’s remuneration.