Heads Up: Mahalaxmi Life Insurance calls AGM to Discuss IPO Issuance

Mahalaxmi Life Insurance Company Limited has announced its 3rd AGM on Falgun 03, i.e. February 15. The AGM will be organized in Hotel Radisson, Lazimpat, Kathmandu, starting at 11 am that day.

Among other proposals, the company will discuss the issuance of IPO to the general public. These are other primary agendas of the meeting:

a) Endorsement of FY 2075/76 report.
b) Auditor appointment
c) Appointment of 5 directors of the board from promoters

The company is promoted by commercial banks, development banks, renowned business persons & industrialists, doctors, engineers, advocates, chartered accountants, eminent professionals experienced in Banking, Audit, and Insurance. Mega Bank, Jyoti Development Bank, NMB Bank, Mahalaxmi Bikas Bank, and Excel Development Bank are the company's institutional promoters. After the IPO issue, the promoter to public shareholding ratio will be 70:30.

AGM notice