Gurans Life Insurance 7th AGM today; to approve 10% stock dividend

Gurans Life Insurance Company Limited (GLICL) is holding its 7th Annual General meeting (AGM) on Falgun 5, 2072. The AGM is going to be held at Namaste kitchen Bakery and Banquet, Gairidhara, Jorpipal Kathmandu at 3:00 PM. Main Agendas of the AGM are:

• To endorse 10% bonus share and 0.526 percent cash dividend for tax purpose to its shareholders from the net profit it earned from the fiscal year 2070/71.
• To increase Authorized, Issued and paid up capital and amend article of association accordingly.
• To change capital structure and to amend article of association and memorandum of association as per directed by regulatory bodies.
• To increase meeting allowance of BOD members.

Other Agendas of the AGM include financial highlights of 2070/71 and appointment of auditor. Only those shareholders owning shares till Magh 13 is entitled to the bonus share of the company. The register of their shareholders has been closed from Magh 14, 2072 till today,  for the purpose of its AGM. At present GLICL has a paid up capital of Rs 50 crore. After the issuance of 10% bonus shares, its paid up capital will rise to Rs 55 crore. Gurans Life had earned net profit of Rs 54.24 lakh in its first quarter of the fiscal year 2072/73.