National Life Insurance Company Limited (NLICL) has scheduled its 36th Annual General Meeting (AGM) for 7th Bhadra, 2081. The meeting will take place at the company’s head office in Lazimpat, Kathmandu, starting at 10:30 am.
A key agenda for the AGM is the approval of a 14% dividend for the fiscal year 2079/80. In the 526th board meeting held on Ashadh 27, the directors decided to distribute this dividend based on the paid-up capital of Rs. 5.01 Arba. The proposed distribution includes 4% bonus shares worth over Rs. 20.04 crores and a 10% cash dividend (inclusive of tax) totaling Rs. 50.11 crores.
Additionally, the AGM will review and endorse the auditor’s report, profit and loss statements, financial reports, and cash flow reports. An auditor will also be appointed for the fiscal year 2080/81.
The book closure date is set for Shrawan 24. Shareholders recorded before this date will be eligible for the dividend payout and can attend the AGM.
Highlights:
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