Norbic International Hospital Announces Annual General Meeting – What to Expect!
Are you interested in the latest financial news and investment opportunities in the healthcare sector? Look no further! We’ve got the inside scoop on the upcoming Annual General Meeting (AGM) of Norbic International Hospital and Medical College Limited, a prominent player in the Nepalese healthcare market.
The AGM is scheduled for Bhadra 29, 2082 (according to the Nepali calendar) at the BLC Sabha Kaksha in Thapathali, Kathmandu. This is a crucial event for shareholders and anyone following the hospital’s performance and financial health.
Here’s a breakdown of what you can expect at the Norbic International Hospital AGM:
- Review of the Annual Report: Shareholders will discuss and approve the annual report from the Board of Directors for the fiscal year 2061/062. This includes a thorough examination of the hospital’s operations, financial performance, and future strategies.
- Financial Statement Approval: Attendees will review and approve the annual financial statements, including the auditor’s report. This is a critical step in ensuring transparency and accountability.
- Auditor Appointment: The AGM will also involve the appointment of an auditor for the fiscal year 2062/083, along with the determination of their remuneration. This ensures independent oversight of the hospital’s financial activities.
- Dividend Announcement: A key highlight will be the announcement of dividends for shareholders. The proposal includes a 40% bonus share distribution from the profits of fiscal year 2081/082. The tax associated with the bonus shares will be deducted from a cash dividend. This signals the hospital’s commitment to rewarding its investors.
- Public Offering of Shares: The hospital plans to issue 20% of its authorized capital as ordinary shares to the general public. This is a great opportunity for potential investors looking to invest in a reputable healthcare provider and participate in the growth of the organization.
- Amendments to the Memorandum and Articles of Association: The Board of Directors will be granted the authority to make necessary amendments to the hospital’s governing documents following the issuance of bonus shares.
- Cash Dividend for Tax Purposes: Furthermore, a 2.105% cash dividend will be distributed for tax purposes from the profits of fiscal year 2061/082.
- Election of Directors: The AGM will also include the election of directors for the upcoming term, which is vital for the corporate governance of the hospital.
- Underwriting Manager Appointment: The AGM will finalize the appointment of the underwriting manager selected by the Board of Directors for the issuance of ordinary shares.
Investing in Healthcare: This AGM presents a valuable opportunity to learn more about Norbic International Hospital’s business strategy, financial performance, and growth prospects. The healthcare sector is constantly evolving, and investing in healthcare can be a smart decision. Stay informed about Norbic’s financial performance, shareholder returns, and the overall economic outlook in Nepal. Keep an eye on stock market updates and seek advice from a financial advisor to make well-informed investment decisions. This announcement emphasizes the hospital’s financial performance, and this AGM signifies a period of growth and change for Norbic.
