Jyoti Life Insurance Company Limited (JLI) has called its 4th AGM on 6th Falgun, 2078. The meeting will be held in Waterfront Resort, Lakeside, Pokhara, starting at 11 am that day.
Among other agendas, the AGM will endorse a 10.5263% dividend for the fiscal year 2076/77. The board of directors has decided to distribute 10% bonus shares and 0.5263% cash dividend (for tax purposes) from the paid-up capital. The paid-up capital of the company is Rs. 2.2 Arba. Thus, the bonus shares are worth Rs. 22 crores and the cash dividend is worth Rs. 1.15 crores.
Furthermore, the AGM will also elect 4 board members from the promoters and 2 from the public shareholders.
Magh 24 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.