Himalayan General Insurance 22nd AGM on Ashad 14; to approve 20% bonus share

Himalayan General Insurance Company Limited (HGI) will be holding its 22^nd Annual General Meeting (AGM) on Ashad 14, 2073. The AGM is going to be held at Trade Tower, Thapathali, Kathmandu at 2:00 PM. The main agenda of the AGM are:

• To endorse 20 percent bonus share and 1.05 percent cash dividend to its shareholders from the net profit it earned in the FY 2071/72. After bonus share is issued its paid up capital will increase and to amend the article of association accordingly.
• Authorize BOD to amend article of association and memorandum of understanding as directed by Nepal Rastra Bank.

Other main agendas of the AGM include financial highlights of 2071/72, appointment of auditor and to increase the allowance of BOD member. Only those shareholders owning shares till Jestha 26, 2073 will be entitled to the dividend of the company. The register of their shareholders shall remain closed from Jestha 27, 2073 till Ashad 12, 2073 for the purpose of its upcoming AGM. Himalayan General Insurance had earned net profit of Rs 7.33 crore in the third quarter of the fiscal year 2072/73 as per unaudited report.