NLG Insurance Calls 19th AGM; Proposes Bonus Shares and Cash Dividend

Kathmandu — NLG Insurance Company Limited has announced that its 19th Annual General Meeting (AGM) will be held on Jestha 29 (June 12) at 11 AM at Amrapali Banquet, Baluwatar. The decision was made recently during the company’s Board of Directors meeting.

The AGM will consider a proposal to distribute a 2.50 percent bonus share and 0.131579 percent cash dividend (including tax) from the profit of the previous fiscal year, based on the company’s paid-up capital of Rs. 2.50 billion.

In addition to dividend distribution, the meeting will also endorse the annual report and auditor’s report for the last fiscal year. It will appoint an auditor for the current fiscal year and fix their remuneration.

Other agenda include granting the Board of Directors the authority to amend the company’s Articles of Association and regulations, approving expenses incurred in the last fiscal year, and endorsing meeting allowances for board members.

For the purposes of the AGM and dividend eligibility, the company has announced a book closure on Jestha 22 (June 5). Only shareholders who have maintained shares up to Jestha 21 (June 4) will be eligible to attend the meeting and claim the proposed dividend.