Sagarmatha Insurance Company Limited has called its 24th AGM on 30th Ashar, 2078. The meeting will be held in the company's central office in Naxal, Kathmandu, starting at 11 am that day. The meeting will be streamed online for investors.
Among other agendas, the AGM will endorse the company's proposed 11.5789% dividend for the fiscal year 2076/77.
The 300th meeting of the board of directors held on Jestha 04 has decided to distribute 11% bonus shares and 0.5789% cash dividends for tax purposes for the fiscal year.
Ashad 17 is the book closure date for the dividend and AGM. Thus, investors maintained today are entitled to the dividend payout and can also attend the AGM. Books will be closed from Ashad 17 to Ashad 30 that day. As of writing, the company has the last day's closing LTP of Rs. 1,580. Sagarmatha Insurance Company Limited has posted a net profit of Rs 285.46 million in the 3rd quarter of the fiscal year 2077/78.