Kathmandu. Sanima GIC Insurance has called its seventh annual general meeting.
The company’s board of directors meeting held on Falgun 26 has decided to hold the annual general meeting on Chaitra 11. The meeting will begin at 11 am at Amritbhog in Kalikasthan, Kathmandu.
The meeting will approve a total dividend of 7.8947 percent of the current paid-up capital of Rs 2 billion proposed to be distributed for the last fiscal year 2080.81. Which includes 7.5 percent bonus shares and 0.3947 cash dividend for tax purposes.
Since the paid-up capital will increase after the issue of bonus shares, the meeting will pass a special resolution to amend the Memorandum of Association and Articles of Association accordingly. The assembly will also approve another special resolution to amend the 25 percent right shares passed by the sixth annual general meeting and issue them at 17 percent.
The assembly will approve the company’s expenses and approve the proposal to amend the allowances of the chairman and members of the board of directors.
The assembly will approve a special resolution to fully authorize the board of directors to act accordingly if any suggestions or changes are received from the regulatory body while amending the memorandum of association and regulations.
The assembly will approve the annual report and auditor’s report for the previous fiscal year, and pass a resolution regarding the appointment of the auditor and determination of his remuneration for the current fiscal year. will.
The company has decided to close its books on Chaitra 8 for dividend and general meeting purposes. This means that only shareholders who held shares before Chaitra 8 will be eligible to receive the company’s dividend and participate in the meeting.
