Himalayan Life Insurance Holds 17th AGM, Approves 14% Bonus Shares

Kathmandu – Himalayan Life Insurance Limited successfully conducted its 17th Annual General Meeting (AGM) on Sunday at Anupam Foodland and Banquet, Battisputli, Kathmandu. The meeting, which commenced at 10:30 AM, saw the passage of key financial resolutions, including the approval of dividend distribution.

The AGM approved the distribution of 14 percent bonus shares (including tax) from the company’s paid-up capital. With this decision, shareholders will receive their entitled dividends. Additionally, since the issuance of bonus shares will increase the paid-up and issued capital, the assembly also passed a resolution authorizing the Board of Directors to amend the company’s charter and regulations accordingly.

Apart from dividend-related decisions, the meeting endorsed the financial statements, including the annual report of the last fiscal year. The appointment of an auditor for the current financial year and the determination of remuneration were also finalized. Furthermore, the AGM approved the expenditure incurred in fiscal year 2079/80.