Kathmandu. Prabhu Insurance has called its 30th Annual General Meeting (AGM).
The meeting of the Board of Directors of the company has decided to hold the AGM on April 9. The meeting will begin at 11:00 am at the company’s central office in Tinkune, Kathmandu.
The meeting held the last fiscal year 2081. The company will issue a total dividend of Rs 1.70 billion for the current paid-up capital of Rs 1.70 billion for the current fiscal year. Out of this, 8.7 per cent bonus shares worth Rs 14,79,83,165 and Rs 7,788,588 cash dividend of 0.4579 per cent for tax purposes.
The meeting will approve a special proposal to amend the Memorandum of Association and Articles of Association accordingly as the issued and paid-up capital of the company will increase after the distribution of dividend. The AGM will approve the expenses under corporate responsibility and approve another special proposal delegating authority to the Board of Directors to incorporate suggestions received from regulators to amend the Memorandum of Association and Articles of Association.
The meeting will approve the annual report and the auditor’s report of the previous fiscal year. The same meeting will endorse the proposal relating to the appointment of the auditor and determination of his/her remuneration for the current fiscal year.
The company has decided to close the book on April 26 for the purpose of dividend and meeting. This means that only shareholders who have been held before April 26 will be eligible to receive dividends and attend meetings.
