IME Life Insurance Holds 8th Annual General Meeting, Approves 21.05% Cash Dividend

Kathmandu – IME Life Insurance Company successfully concluded its 8th Annual General Meeting (AGM) today at Diyo Mahal in Dhumbarahi, Kathmandu. The meeting addressed key financial and operational matters, including dividend distribution, financial statements, and board authorizations.

The AGM approved a proposal to distribute a 21.05264% cash dividend (including tax) based on the company’s current paid-up capital. The financial statements for the last fiscal year were reviewed and passed, and an auditor for the current financial year was appointed. The meeting also finalized matters related to salary determination.

Additionally, the meeting authorized the board of directors to make necessary amendments to the company’s charter and regulations. It also approved expenses incurred under the company’s corporate social responsibility (CSR) activities.

IME Life Insurance had its book closure on February 27 for the purpose of the meeting and dividend distribution. Shareholders on record as of February 25 will be eligible to receive the approved dividend.