NLG Insurance announces 14th AGM on 5th Mangsir, Book closure declared on Kartik 25

Thu, Oct 22, 2020 10:50 AM on Latest, AGM/Special AGM,

The 310th meeting of the board of directors of NLG Insurance Company Limited (NLG) has decided on the upcoming AGM of the company.

The 14th AGM will be held via a webinar online. Investors willing to participate in the AGM will be provided access credentials. The AGM will be organized on 4th Mangsir, i.e. November 20, starting from 10 am.

Among other agendas, the AGM will endorse the dividend for the fiscal year 2075/76. The company has proposed Rs. 7,17,25,500 worth of bonus shares to its investors. This is 7% of the company's existing paid-up capital. Furthermore, a 0.37% cash dividend will also be distributed for tax purposes.

The book closure for the AGM is declared on Kartik 25. Thus, investors maintained until that date are eligible to participate in the AGM.

Announcement