United Ajod Insurance Holds 32nd Annual General Meeting
Kathmandu — United Ajod Insurance Limited held its 32nd Annual General Meeting (AGM) on Wednesday at Amrapali Banquet in Naxal, Kathmandu, where shareholders approved the company’s financial statements and dividend proposal for FY2024/25.
The meeting endorsed the annual report, auditor’s report, financial statements, and the appointment of an external auditor for the current fiscal year.
Shareholders also approved a 4.2857 percent bonus share issue on the company’s paid-up capital of Rs. 2.31 billion, amounting to approximately Rs. 99 million. In addition, the AGM approved a 0.2256 percent cash dividend, equivalent to around Rs. 5.21 million, to meet tax liabilities arising from the bonus share distribution.
Following the bonus issue, the company’s issued capital will increase from Rs. 2.541 billion to approximately Rs. 2.64 billion. The AGM also passed a special resolution authorizing amendments to the company’s Memorandum and Articles of Association and empowering the Board of Directors to make any additional revisions required by regulatory authorities.
Addressing the meeting, Chairman Azad Shrestha said the company remains committed to delivering stronger returns to shareholders in the years ahead.
He noted that the delay in the company’s rights issue had limited its ability to distribute a higher cash dividend, adding that with continued support and cooperation from shareholders, the company aims to enhance dividend payouts in the future.
