Nepal Life Insurance Concludes 25th Annual General Meeting

Kathmandu – Nepal Life Insurance Company Limited successfully concluded its 25th Annual General Meeting (AGM) on Sunday at Hotel Vishwa in Birgunj, Parsa. The meeting was chaired by Gobind Lal Saghai, Chairman of the Board of Directors.

The AGM approved a 10 percent bonus share and an 11.05 percent cash dividend (inclusive of tax) on the current paid-up capital. It also passed a proposal to increase the company’s paid-up capital after the distribution of the bonus shares.

Additionally, the meeting endorsed the financial statements, including the annual report of the last fiscal year. The appointment of auditors and their remuneration for the current fiscal year were also finalized.

For the AGM and dividend distribution, the company had closed its books on January 23. Shareholders owning shares until January 22 were eligible to participate in the meeting.