Last Day to Secure Dividend from Himalayan Life Insurance

Kathmandu -– Shareholders of Himalayan Life Insurance Limited must be registered by today, 27th Jestha (June 10), to be eligible for the company’s proposed dividend and to participate in its upcoming Annual General Meeting (AGM).

The company has announced its books closure on 28th Jestha (June 11) for the purpose of dividend distribution and the AGM. Only those shareholders who are listed in NEPSE by today will qualify for the benefits.

Himalayan Life Insurance has proposed an 8 percent cash dividend (including tax) from the accumulated profit of the last fiscal year, based on its current paid-up capital of Rs. 9.143 billion.

The 18th AGM is scheduled for 20th Ashad (July 4) at 10:30 AM at Amrapali Banquet, Naxal. The meeting will consider and approve the annual and financial statements, including the auditor’s report for the last fiscal year. Additionally, the agenda includes the appointment of an auditor for the current fiscal year along with the determination of remuneration.

A proposal to authorize the board of directors to amend the company’s memorandum of association and regulations, and to approve expenses incurred during the last fiscal year, will also be tabled during the meeting.