Rastriya Beema Company 29th AGM today; to endorse 114.27% bonus share

Rastriya Beema Company Limited (RBCL) is convening its 29^th Annual General Meeting today (Baisakh 22, 2074). After 12 years, the company has announced its AGM for the fiscal year 2060/61, 2061/62 and 2062/63. The insurance company had conducted its latest AGM on Jestha 28, 2066. The AGM is going to be held at Nepal Prashasanik Prasikshan Pratisthan, Jawalakhel, Lalitpur at 2:00 PM. The main agendas of the company are to endorse bonus share and cash dividend to its shareholders. As per Company Secretary of RBCL, the company has proposed 114.27% bonus share for three fiscal years: FY 2060/61,  FY 2061/62 and  FY 2062/63. Also, to change the capital structure and amend Article of Association and provide authority to the BOD for conduction of SGM for the same. The other agendas of the AGM include financial highlights of 2060/61, 61/62 and 62/63 and to appoint auditor for the fiscal year 63/64 till 68/69. The register of their shareholders was closed from Baisakh 8, 2074 till today (Baisakh 22, 2074) for the purpose of this AGM. Only those shareholders owning shares till Baisakh 7, 2074 are entitled to the bonus share of the company and for participation in the AGM. Rastriya Beema Company has reported a net profit of Rs. 26.16 crore in the second quarter of the current FY 2073/74. Its paid up capital stands at Rs 12.44 crore. After issuance of 114.27% bonus shares, its paid up capital will reach Rs 26.65 crore.