National Life Insurance Company Limited (NLICL) has scheduled its 37th Annual General Meeting (AGM) for the 5th of Ashadh, 2082. The gathering will take place at the company’s headquarters located in Lazimpat, Kathmandu, commencing at 10:30 AM on that date.
Among various topics on the agenda, the AGM will approve a 15% dividend for the fiscal year 2080/81. The board of directors’ 550th meeting, which occurred on Baishakh 31, resolved to distribute dividends based on the paid-up capital of Rs. 5.21 Arba. The proposal encompasses a 5% bonus share valued at just over Rs. 26.06 crores and a 10% cash dividend totaling Rs. 52.12 crores. Additionally, a cash dividend of 0.789473%, amounting to Rs. 4.11 crores, has been suggested to address the tax implications on the allocated bonus shares and cash dividends.
Moreover, one of the points to be discussed is the validation of the auditor’s report along with profit and loss statements, financial documents, and cash flow statements, as well as the appointment of an auditor for the fiscal year 2081/82.
The book closure date is set for Jestha 22. Consequently, shareholders registered before that date are entitled to receive the dividend and have the right to attend this AGM.
