Sagarmatha Insurance 21st, Civil Laghubitta 6th & 4 other companies AGM today

Fri, Jan 5, 2018 8:11 AM on Latest, Featured, AGM/Special AGM, Stock Market,

-ShareSansar

Sagarmatha Insurance Company Limited (SIC) is convening its 21^st Annual General Meeting (AGM) today (Poush 21, 2074). The AGM is being held at Amrapali Banquet, Bhatbhateni, Kathmandu at 11:00 AM. The main agendas of the AGM are:

To increase authorized and paid up capital of the company.
To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM was set from Poush 7 to Poush 21, 2074. Thus, shareholders holding their shares till Poush 6, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM. The board meeting of the insurance held in Kartik 27, 2074 decided not to provide any dividend to its shareholders from the net profit it had earned in the FY 2073/74. SIC had distributed 22% bonus and 1.15% cash dividend from the net profit of FY 2072/73. SIC has paid up capital of Rs 53.82 crore. As per the new guideline, non-life insurance companies should have a minimum paid up capital of Rs 1 arba by the end of FY 2074/75. It should hike its capital by Rs 46.18 crore (around 85%). It had earned Rs 3.26 crore in the first quarter of the FY 2074/75. In the same way, Civil Laghubitta Bittiya Sanstha Limited (CLBSL) is convening 6^th Annual General Meeting (AGM) on Poush 21, 2074. The AGM is being held at C.W. Restaurant, Kamaladi, Kathmandu at 11:00 AM. The main agendas of the AGM are:

To endorse 4.5% bonus shares and 0.23684% cash dividend (for tax purpose) from the net profit of FY 2073/74.
To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM was set on Poush 7,2074. Thus, only those shareholders owning shares till Poush 6, 2074, i.e. one day ahead of the book closure date are eligible to participate in the AGM and proposed bonus shares. It had earned net profit of Rs 18.04 lakh in the first quarter of the fiscal year 2074/75 as per unaudited report. Similarly, Sparsha Laghubitta Bittiya Sanstha Limited is convening its 1^st Annual General Meeting (AGM) today (Poush 21, 2074). The AGM is being held at Head Office, Bijayapur, Kaski at 11:00 AM. The main agendas of the AGM are major financial highlights of the FY 2073/74, appointment of auditor for the FY 2074/75, declaration of fees and allowances of auditor and Board of Directors (BOD), extend the working areas and amendment of Memorandum of Association (MOA) and Articles of Association (AOA). Uniformly, Infinity Microfinance Bittiya Sanstha Limited is also convening its 1^st Annual General Meeting (AGM) on Poush 21, 2074. The AGM is being held at Hotel Sakura, Gaidakot, Nawalparasi at 11:00 AM. The main agendas of the AGM are major financial highlights of the FY 2073/74, appointment of auditor for the FY 2074/75 and election of Board of Directors (BOD). Other special agendas of the microfinance company are issue of 75% right shares to the existing promoter, amendment of Memorandum of Association (MOA) and Article of Association (AOA) and transfer of authority in MOA. It had net loss of Rs 10.09 lakh in the first quarter of the FY 2074/75. Likewise, Provident Merchant Banking Limited is also convening its 4^th AGM today (Poush 21, 2074). The AGM is being held at Head Office located at Kathmandu – 32 at 1:00 PM. The main agendas of the AGM are major financial highlights of the FY 2073/74, appointment of auditor for the FY 2074/75 and extend the office of the company. Also, Sabaiko Laghubitta Bittiya Sanstha Limited is convening 1^st Annual General Meeting (AGM) today (Poush 21, 2074). The AGM is being held at Head Office located at Dumre, Tanahu at 1:00 PM. The main agendas of the AGM are: