IME General Insurance Limited (IGI) has called its 24th AGM on 9th Baisakh, 2079. The meeting will be held in Lainchaur Banquets, Kathmandu, starting at 10 am that day.
Among other agendas, the AGM will endorse a 7.37% dividend for the fiscal year 2077/78. The 112th meeting of the board of directors held on Falgun 05 decided to distribute the dividend on the paid-up capital of Rs. 1,15,75,86,000. 7% bonus shares and 0.37% cash dividend have been proposed. Thus, the bonus shares are worth Rs. 8,10,31,020 and the cash dividend is worth Rs. 42,64,790.53. The cash dividend has been proposed for the tax amount on bonus shares.
Furthermore, this AGM will also endorse raising the authorized capital to Rs. 2.5 Arba.
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