Kathmandu. This is the last day to secure the dividend of Prabhu Insurance. For the purpose of general meeting and dividend distribution, the insurance company is closing the book for a day tomorrow i.e. July 15. According to this, the shareholders who have traded in NEPSE till today will be able to participate in the general meeting of the insurance company and receive the proposed dividend.
The insurance company is scheduled to hold its 29th Annual General Meeting (AGM) on August 29. 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.
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 meeting will pass various resolutions including maintaining the ratio of founder shares and general shares to the founder shares, making necessary amendments in the company’s management letter and regulations, recording the revised management letter and regulations or giving full authority to the board of directors to implement the amendment or alteration accordingly if any amendment or change is received from the approved body.
