IME Life New

Prabhu Insurance to hold AGM today, how long will those who buy shares get dividend?

SPIL
Global College
Nepal Life New

Kathmandu. Prabhu Insurance is holding its 29th Annual General Meeting today. The meeting will be held at Prabhu Complex, Tinkune, Kathmandu at 11:00 am. A meeting of the board of directors of the company held on July 29 decided the date of the meeting.

The company has decided to distribute 18 percent bonus shares and 0.9474 percent cash dividend (including tax) to its shareholders from the profits of the last fiscal year. The assembly will approve the proposal.

Crest

The meeting will discuss and approve the annual report submitted by the Board of Directors, the financial statements related to the financial year 2081/ 2081, profit and loss account for the financial year 2080/81 and the cash flow statement of the same period, profit and loss sharing account, changes in equity and financial statements related to the annual financial statement.

The meeting has decided to appoint auditors for the year 2081/082 and determine the workers, keep the post-decimal points to be maintained while distributing bonus shares in the name of the respective shareholders, issue 50.15 percent right shares from the company’s 28th Annual General Meeting, and distribute 18 percent bonus shares from the distributable profit up to the financial year 2080/081. It will pass a proposal to issue 47 percent right shares of the paid-up capital to be maintained after distribution.

The Assembly shall pass various resolutions including maintaining the ratio of founder shares to general shares, making necessary amendments in the company’s management letter and regulations, giving full authority to the board of directors to implement the revised management letter and regulations by making any amendment or alteration if any amendment or alteration is received from the body that records or approves the revised management letter and regulations. ।

The company had closed the book for a day on August 14 for the purpose of general meeting and dividend distribution. According to this, the shareholders who have been traded in NEPSE till July 15 will be able to participate in the general meeting of the insurance company and receive the proposed dividend.

 

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