Prabhu Mahalakshmi Life will issue 17 percent right shares till to December 29

Kathmandu : The 6th Annual General Meeting of Prabhu Mahalakshmi Life Insurance Limited will be held on 29th of January. In the general meeting held at Arpan Byangkwet Baneshwar, there is an agenda to pass the annual report of the board of directors for the financial year 2078/79, including presenting 7 different proposals.

Prabhu Mahalakshmi is passing a special resolution to issue 17 percent of the currently existing paid-up capital with the approval of the regulatory body to meet the paid-up capital set by the Nepal Insurance Authority, and after the capital increase its maintain the paid-up capital accordingly give to it authorized board of directors to amend the management letter and regulations.

Similarly, under corporate social responsibility, a special proposal has been made to approve the support of 1 million provided to the Prime Minister’s Relief and Disaster Relief Fund for the assistance of the Jajarkot earthquake victims. It is said that the shareholders who want to appoint a representative (proxy) to participate in the general meeting should submit the related application to the company’s head office by Thursday, January 27.