Kathmandu. The 28th Annual General Meeting of Sagarmatha Lumbini Insurance Company concluded today. According to the company, the meeting was held at Ranimahal Banquet in Dnyaneshwar, Kathmandu.
Last fiscal year 2080. It has approved 15 percent cash dividend (including tax) of the proposed paid-up capital. The company has also approved a proposal to distribute a cash dividend of Rs 393.39 million to the shareholders.
The meeting also approved the review of meeting allowances and facilities of the board of directors and other committees and sub-committees and the amount paid to various organizations under social responsibility. The meeting also passed a special resolution authorising the board of directors to make necessary adjustments as per the directives received from the concerned bodies in the amendment of the management letter and regulations.
The meeting has approved the annual and auditor’s financial report for the last fiscal year. In addition, the assembly has passed a proposal regarding the appointment of auditors and determination of their remuneration for the current fiscal year.
