Sanima Life Insurance (SLI) Calls Its 4th AGM To Endorse Dividends And Raise Its Capital

According to the resolution of Sanima Life Insurance Limited's (SLI) 75th Board of Directors (BOD) meeting conducted on 25 Jestha, 2079, the company's 4th Annual General Meeting will be held on the following date, location, and time to consider and deliberate on the following issues:

Date - 20 Ashad, 2079 (4 July, 2022)

Location: Smart Durbar Banquet, Dhumbarahi (Meeting ID / Password shall be provided via Email)

Time - 10 a.m

Discussion topics;

General Offers:

• Regarding the Annual Financial Report of 2076/77 to be presented by the chairman on behalf of the Board of Directors (BOD)
• Regarding the discussion and approval of the audit report of 2076/77, balance sheet, profit/loss account, cash flow statements, and related financial statements were prepared by implementing the NFRS system.
• Regarding the appointment of an auditor for 2077/78 and determining his/her remuneration.
• General Shareholder Group on the Board of Directors - to elect one operator representing the party.

Special Offers:

• Regarding increasing the authorized and paid-up capital of the company
• Among other things, the AGM will approve a 4.42 percent  stock dividend, with 0.22 percent of that amount set aside as cash dividends for tax purposes. The company's paid-up capital is Rs. 2 Arba. The cash dividend is worth Rs. 44 lakhs, while the bonus shares are worth Rs. 8.4 crores.
• In order to raise capital, the company identifies and selects a suitable life insurance company for the purpose of merging with any other life insurance company, signs a memorandum of understanding, submits an application to the insurance committee for in-principle approval, and evaluates assets. and liabilities as necessary. Appointing appraisers and auditors, determining their remuneration, and merging them according to the norms and regulations in place.

The book closure date for the upcoming AGM is Ashad 8. Investors holding shares till Ashad 7 are eligible to get dividends and participate in AGM.