United Ajod Insurance Approves 4.2857% Bonus Shares at 32nd AGM

United Ajod Insurance Limited has successfully concluded its 32nd Annual General Meeting (AGM) in Kathmandu. The meeting approved the company’s annual report, audited financial statements for FY 2081/82, and all ordinary and special proposals presented by the Board of Directors.

The AGM also approved the distribution of 4.2857 percent bonus shares worth Rs. 9.90 crore from the company’s distributable profit, along with a 0.2256 percent cash dividend worth Rs. 52.10 lakh to cover applicable dividend taxes.

Following regulatory approval and the issuance of the bonus shares, the company’s paid-up capital is expected to reach Rs. 2.64 Arba.

The company currently provides insurance services through 104 branches, sub-branches, third-party insurance counters, and provincial offices and has stated that it is working to achieve its targets and deliver better returns to shareholders in the coming fiscal year.