National Life Insurance announced its FY 2074/75 AGM to be held on Kartik 24; to endorse 14.5% dividend

National Life Insurance Company Limited has published a notice regarding its 31st AGM. The general meeting is scheduled to be held on Kartik 24, 2076 at the premises of National Life Bhawan, Head office, Lazimpat, Kathmandu at 10:30 AM. The main agendas for the meeting are

• Agendas of the AGM includes approval of financial highlights of 2074/75, appointment of statutory auditor for FY 2075/76.
• Approval of 12% cash dividend and 2.5% bonus shares for the shareholders and fraction shares to be adjusted next year.
• Conversion of the share structure of the company’s promoter and public shares ratio from 65:35 to 51:49.
• Amendment of memorandum of association and article of association of the life insurance company.

Only those shareholders owning shares till Kartik 7, 2076 were entitled to the dividend of the company and participate in the AGM. The register of their shareholders remained closed from Kartil 10, 2076 till Kartil 24, 2076 for the purpose of its 30^th AGM.

With the adjustment of the bonus shares, the paid-up capital of the company will reach Rs 3.08 arba.