Reliable Nepal Life Insurance Limited (RNLI) has scheduled its Annual General Meeting (AGM) for the 2nd of Ashadh, 2082. The gathering will take place at the Amrapali Banquet in Bhatbhateni, Kathmandu, commencing at 11 am on that day.
Among other topics on the agenda, the AGM will approve a dividend of 12.6315% for the fiscal year 2080/81. The 151st meeting of the board of directors, held on Baishakh 23, resolved to distribute the dividend based on the paid-up capital of Rs. 4.64 Arba. This includes bonus shares valued at Rs. 55.68 crore, amounting to 12%, and a cash dividend of Rs. 2.93 crore, accounting for 0.6315%. The cash dividend is proposed to cover the tax obligations on the bonus shares.
Moreover, there is a plan to ratify the auditor’s report along with PL statements, financial reports, and cash flow statements, and to appoint an auditor for the fiscal year 2081/82.
Jestha 26 marks the book closure date. Therefore, shareholders registered before this date are eligible to receive the dividend and participate in this AGM.
