Ajod Insurance convenes 2nd AGM; endorses decision to float IPO shares worth Rs 30 crore to general public

Tue, Dec 31, 2019 10:26 AM on AGM/Special AGM, Latest,

Ajod Insurance has convened its 2nd AGM on Poush 11, 2076 under the leadership of company’s chair. The AGM has endorsed the decision to issue IPO shares to general public where the promoters shareholding currently stands at Rs 70 crore with Rs 30 crore worth IPO share being floated in near future.

The AGM has endorsed all the financial reports of the previous fiscal year as presented by the chairman of the insurance company.

Similarly, the AGM also appointed Madan Niraula and Company, Chartered Accountants as the external auditor for the current fiscal year.

The non-life insurance has its presence through 16 branches, 15 sub-branches and 18 third party insurance counters.