Last day to secure 10% bonus share of Everest Insurance Company; Plans further 105% and 300% right share issue
Sun, Apr 8, 2018 5:49 AM on Latest, Dividend, Bonus & Rights, Featured, Book Closure, Stock Market,
Today is the last day to secure 10% bonus shares of Everest Insurance Company Limited as the book closure for its 23rd AGM will be tomorrow.
Everest Insurance Company Limited (EIC) will be conducting its 23rd Annual General Meeting (AGM) on Baishakh 10, 2075. The AGM is going to be held at Agrawal Bhawan, Kamalpokhari, Kathmandu at 2:00 PM.
The main agendas of the AGM are:
- To endorse 10% bonus shares from the profit of FY 2073/74 amounting Rs 1.215 crore and cash dividend of Rs 6.39 lakh (for tax purpose)
- To revise previously declared 600% right shares in order to maintain 51% promoters share structure as per the Directives issued by the Insurance Board.
- To amend the Memorandum of Association (MOA) and Articles of Association (AOA).
- To increase the meeting allowance of the Board of Directors.
