Sanima GIC Insurance Holds Eighth Annual General Meeting, Approves Dividend Proposal

Kathmandu — Sanima GIC Insurance Limited has successfully concluded its eighth Annual General Meeting (AGM). The meeting was held at Nepal Police Club in Pradarshani Marg, Kathmandu.

The AGM approved the company’s proposal to distribute a 5 percent bonus share and a 0.2632 percent cash dividend for tax purposes based on its current paid-up capital of NPR 2.15 billion.

Accordingly, the company will issue bonus shares worth NPR 107.5 million and distribute NPR 5.66 million in cash dividends to cover tax obligations arising from the bonus share distribution.

During the meeting, shareholders discussed and approved the annual report presented by the Chairperson on behalf of the Board of Directors. The AGM also endorsed the audited financial statements for fiscal year 2024/25, including the balance sheet, profit and loss account, cash flow statement, and related schedules up to mid-July 2025.

In addition, shareholders authorized the Board of Directors to review the company’s previously approved 17 percent rights share issuance plan and reassess the resulting paid-up capital structure. The Board was also granted authority to amend the company’s Memorandum and Articles of Association following the issuance of bonus shares if required under future directions from regulatory authorities.

For the purpose of the AGM, the company had closed its share register for one day on May 7, 2026.