United Ajod Insurance Unveils Book Closure Date for its 10.52% Dividend; Calls AGM With Agenda to Issue Right Shares
Mon, Jun 23, 2025 11:08 AM on Latest, Dividend, Bonus & Rights, AGM/Special AGM, Book Closure,
United Ajod Insurance Limited (UAIL) has called its 31st AGM on 30th Ashadh, 2082. The meeting will be held in Amrapali Banquet Catering & Events, Bhatbhateni, Kathmandu, starting at 10:30 AM that day.
Among the other agendas, the AGM will endorse a 10.5263% dividend for the fiscal year 2080/81. The 61st meeting of the board of directors held on Ashadh 04 decided to distribute the 10.5263% dividend for the fiscal year 2080/81. 10% bonus shares and 0.5263% cash dividend (for tax purposes) have been proposed. The current paid-up capital of the company is Rs. 2.10 Arba.
As directed by the Nepal Insurance Authority to maintain a minimum paid-up capital of Rs. 2.50 Arba for non-life insurers, the company had earlier decided to issue 15% rights shares based on its existing capital of Rs. 2.10 Arba. Now, instead of that, the company plans to issue 10% bonus shares from the profit of FY 2080/81. After the bonus, the capital will increase to Rs. 2.31 Arba. Based on this new capital, the company will issue 10% rights shares (1 share for every 10 shares held), taking the total paid-up capital to Rs. 2.54 Arba. Hence, a proposal has been passed to amend the provision related to issued and paid-up capital in the company’s Articles of Association accordingly.
Additionally, the agenda includes endorsing the auditor's report along with the profit and loss statements, financial reports, and cash flow statements, as well as appointing an auditor for the fiscal year 2081/82.
The book closure date is on Ashad 19. Therefore, the shareholders maintained before that day are entitled to the dividend payout and can attend this AGM.
