Sagarmatha Insurance 18th AGM on Ashad 30; endorsing 15% stock dividend

ShareSansar, June 24;

Sagarmatha Insurance Company Limited  (SIC) is going to hold its 18th Annual General Meeting (AGM) on Ashad 30, 2072.  The AGM will be held at Lainchaur Banquet, Kathmandu at 11:00 am.

The main agenda of the AGM is to endorse 15% bonus share to shareholders from the net profit it earned in the last fiscal year 2070/71.  

Also, the insurance company is likely to make decision on the conversion of 9% promoter shares to the ordinary shares. If the proposal of conversion the promoter shares to the ordinary shares is passed from the AGM, the promoter shares to ordinary shares ratio of the company will stand at 51:49 percent.

The others agendas at the meeting will be the financial highlights of 2070/71, appointment of auditor and to amend article of association.

The book closure date for the AGM has been set for Ashad 16 to Ashad 30.