Kathmandu. The Board of Directors of Prabhu Mahalaxmi Life Insurance Company has called a special general meeting (SGM) with a proposal to convert 10% of its promoter shares into ordinary shares.
The 38th meeting of the Board of Directors of the company has proposed to grant full authority to the Board of Directors to make necessary amendments and additions to the promoter share change and Memorandum of Association and Articles of Association (GO).
Shareholders who wish to appoint a proxy to participate in the AGM should register the proxy at the company’s head office in Kamaladi, Kathmandu by March 30.
Under the subject of discussion, the shareholders have been requested to inform the Chairman of the Board of Directors in writing through the company secretary about the issues they wish to discuss. The company secretary has stated in the notice that such matter will be included for discussion only if the Chairman of the Board of Directors deems it appropriate.
For the purpose of the SGM, the cancellation of shares of the company will be closed on Thursday, March 26, 2082. The shareholders of Nepal Stock Exchange Limited (NEPSE) will be eligible to participate in the AMALGAM after trading on March 24, 2082.
