Neco Insurance Company Calls AGM on Falgun 11; Company to Endorse 15.7894% Dividend

Neco Insurance Company Limited (NIL) has called its 30th AGM on 11th Falgun, 2082. The meeting will be held in the Lisara Receptions, Naxal, Kathmandu, starting at 11 AM.

Among the other agendas, the AGM will endorse a 15.7894% dividend for the fiscal year 2081/82. The 497th board of directors meeting held on Poush 30 decided to distribute the dividend on the paid-up capital. The company has proposed a 3% bonus share and 12.7894% cash dividend (for tax purposes) for the fiscal year 2081/82.

Furthermore, there is an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports, and appoint an auditor for the fiscal year 2082/83.

The book closure date is on Magh 25. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.