General Insurance convenes first AGM; when will 30 lakh unit IPO shares hit investment floor?

General Insurance Company has convened its 1st AGM on Shrawan 29, 2076. The AGM was chaired by chairman of the insurance company Mr. Kunal Kayal who presented the financial highlights of the insurance company. The event was also attended by founding chairman and present Minister for Finance and Social Development of Sudurpashim Province Mr. Jhappad Bahadur Bohara.

Chairman Mr. Kayal informed that the company had raised insurance premium of Rs 31.69 lakh during just 24 days in the earlier fiscal year. The company also informed that it has raised insurance premium Rs 33.20 crore and disbursed insurance claim of Rs 43.75 lakh during the fiscal year 2075-76.

The AGM also reiterated the company’s earlier decision to issue 30% IPO shares that amount to Rs 30 crore to the general public as soon as possible. In the same way, the AGM also elected new board members who include Mr. Kunal Kayal, Mr. Laxmi Prasad Shrestha, Mr. Krishna Bohara, Mr. Dipendra Agrawal.

The insurance company provides services from its 38 branches and 10 sub-branches located in different parts of the nation.