Prudential Insurance 16th AGM today; to endorse 20% bonus shares

Prudential Insurance Company Limited (PICL) is holding its 16^thAnnual General Meeting (AGM) today (Mangsir 1, 2074). The AGM is going to be held at Hotel Ichha, Simara at 11:00 AM. The main agendas of the AGM are:

• To endorse 20% bonus shares,
• To increase authorized and paid up capital.
• To amend Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM was set from Kartik 17 to Mangsir 1, 2074. Thus, shareholders holding their shares till Kartik 16, 2074 are eligible to participate in the AGM and proposed dividends. SEBON had given approval to issue 30% right shares to PICL. Its current paid up capital stands at Rs 42.76 crore. After 20% bonus and 30% right shares, it will reach to Rs 64.20 crore. It has earned 2.52 crore in the first quarter of the FY 2074/75.