Nepal Reinsurance Company Limited (NRIC)'s AGM to elect two board members; When's the book closure?

Nepal Reinsurance Company Limited (NRIC) has called its 5th AGM on Poush 29, i.e. January 13. The meeting will be organized in Karki Banquet, Babar Mahal, Kathmandu, starting from 11 am that day.

Among other agendas, the meeting will elect one board member from promoters and one board member from the public investors.

The Board of Directors of Nepal Reinsurance Company Limited has decided for non-distribution of cash dividend and bonus share to its shareholders for FY 2075-76 as per the provision of Directive No. 12 of Reinsurance Directive, 2071.

Nepal Reinsurance Company Limited has stated that the terms of the Reinsurance Management and Operation Directive, 2071, Article 12 compels it to not distribute the fund collected after operation for 5 years. The collected fund has to be kept on the reserve fund.

The book closure date is announced on Poush 16. Thus, investors maintained till that day can attend the AGM.

AGM notice