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NRIC Schedules 9th AGM

Nepal Reinsurance Company Limited (NRIC) has announced that its 9th Annual General Meeting (AGM) is scheduled for the 17th of Jestha, 2081. The event will be held at Anupam Foodland And Banquet in Battisputali, Kathmandu, starting from 9:30 AM.

One of the major points on the agenda is the approval of a 5% dividend for the fiscal year 2079/80. This includes 4.75% in bonus shares, which totals Rs. 60.86 Crore, and a 0.25% cash dividend, aimed at covering tax obligations, amounting to Rs. 3.20 Crore. NRIC’s current paid-up capital stands at Rs. 12.81 Arba.

Additionally, shareholders will review and endorse the auditor’s report, which includes the profit and loss statements, financial reports, and cash flow statements. The AGM will also appoint an auditor for the upcoming fiscal year 2080/81 and elect one director from the group of promoter investors.

The book closure date has been set for Jestha 6, 2081. Shareholders registered before this date will be eligible for the dividend and are entitled to participate in the AGM.

At the time of this announcement, the last traded price (LTP) of NRIC was Rs. 675.50.


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