Kathmandu. Reliable Nepal Life held its 8th Annual General Meeting (AGM) on Monday. Assembly for fiscal year 2080. The board has approved the annual report of the board of directors and the financial report of the auditor.
The meeting approved a total dividend of 12.63 percent of the current paid-up capital of Rs 4.64 billion proposed for the fiscal year. This includes 12 per cent bonus share and 0.63 per cent cash dividend for tax purposes.
The assembly has approved a special proposal to amend the management letter and regulations accordingly as the paid-up capital of the company will reach Rs 5.19 billion after the distribution of bonus shares.
According to the annual report, there are 14 large shareholders in the company. Global IME Bank holds the highest stake in the company. Global IME Bank owns 4.64 million units i.e. 10 per cent shares of the company.
Gaurav Agarwal is the second largest shareholder of the company. He holds 3 million 16 thousand units (6.50 percent) shares of the company.
Sushil Kumar Panta is the third largest shareholder of Reliable Nepal Life. He owns 1,345,600 units (2.90 per cent) of the company.
Similarly, Gauri Raj Joshi and Dr Prakash Chandra Lohani have 1.16 million units (2.50 percent), Janardan Panta 928,000 units (2 percent), Padam Kumari Lohani 742,000 units (1.60 percent), Sandeep Khetan 581,160 units (1.25 percent), Julie Chachan 580,000 units (1.25 percent), Rekha Ghimire 568,400 units (1.23 percent). Juni Gurung and Prem Prabhat Gurung own 464,000 units (1 per cent), HariBhakta Sharma 406,000 units (0.88 per cent) and Radheshyam Agrawal 348,000 units (0.75 per cent).
