Himalayan Life Insurance to Hold AGM on Falgun 11, Investors to Receive 14% Bonus Shares

Tue, Feb 04, 2025 02:38 PM
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Kathmandu, Magh 22. The Annual General Meeting of Himalayan Life Insurance Company Limited is set to take place on Falgun 11. The company will present a proposal to distribute 14% bonus shares from the profits of the last financial year. Additionally, the company has stated that shareholders will have to pay the tax on the bonus shares themselves. There is also an agenda to empower the board of directors to amend the company's memorandum and articles of association. 

Discussions will take place regarding the profit and loss account for the fiscal year 2079–80. There will also be agendas for the appointment of auditors and determining their remuneration for the fiscal year 2081–82. 

For the purpose of the general meeting, the company will close the books on Magh 25, Friday. Therefore, only those shareholders who remain on record until Magh 24, Thursday, will be able to participate in the meeting and receive the proposed dividend.
 The meeting will commence at 10:30 AM at Anupam Foodland and Banquet, Battisputali, Kathmandu. 

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