Siddhartha Premier Insurance Limited (SPIL) has scheduled its 30th Annual General Meeting (AGM) for the 30th of Falgun, 2080. The AGM will take place at Lisara Receptions, Bhagwati Bahal, Kathmandu, starting at 11:00 a.m. On the agenda is the endorsement of an 11% cash dividend for the fiscal year 2079/80, totaling Rs. 30.87 crores, as decided in the 19th Board of Directors meeting held on Magh 21. SPIL’s current paid-up capital is Rs. 2.80 Arba.
Additionally, the AGM will review and approve the auditor’s report along with the profit and loss statements, financial reports, and cash flow reports. An auditor will also be appointed for the fiscal year 2080/81. Furthermore, there will be elections to select six directors, including four from the promoter shareholder group and two from the public shareholder group.