Asian Life Insurance Calls AGM With Agenda to Discuss Right Issuance And Dividend Proposal

Asian Life Insurance Company Limited (ALICL) has called its 16th AGM 18th Falgun, 2080. The meeting will be held in Hotel Classic Plaza, Simara, Bara, starting at 11:30 AM that day.

Among the other agendas, the AGM will endorse the right shares and 8.1578% dividend for the fiscal year 2079/80. The 188th meeting of the board of directors held on Magh 12 has decided to distribute 7.75% bonus shares and a 0.4078% cash dividend (for tax purposes). The bonus shares are worth Rs. 24.45 crores and the cash dividend is worth a little over Rs. 1.28 crores. The existing paid-up capital of ALICL is Rs. 3.15 Arba.

The company has resolved to issue 42% right shares after adjusting for the allocation of 7.75% bonus shares from the existing paid-up capital of Rs. 3.15 Arba. This adjustment will result in an enhanced paid-up capital, reaching Rs. 3.39 Crores after incorporating the bonus shares.

Furthermore, an agenda is to endorse the auditor's report with PL statements, financial reports, and cash flow reports and appoint an auditor for the fiscal year 2080/81. There is an agenda to elect a director from the public shareholding group.

The book closure date is on Falgun 8. Therefore, the shareholders maintained before that day are entitled to dividend payout, and can attend this AGM.

AGM Notice: