Reliance Life Insurance Closure for 5.2632% Dividend

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Reliance Life Insurance Limited (RLI) has scheduled its 4th Annual General Meeting (AGM) the 11th Poush of the year 2078. The conference will be place at the Anmol Banquet in Sankhamul, Kathmandu, and will begin at 11 a.m. on the scheduled day.

The AGM will also approve a 5.2632 percent dividend the fiscal year 2076/77, other items on the program. The board of directors voted to deliver the entire dividend in cash during their meeting on Ashoj 18, which took place on that day. Because the company’s -up capital is Rs. 2.1 Arba, the cash dividend is worth little more than Rs. 11.05 crores, and the tax on the dividend is worth slightly more than Rs. 55.27 lakhs. The tax on the dividend is worth slightly more than Rs. 55.27 lakhs.

Furthermore, at the AGM, two board members will be elected from from the ordinary/public shareholders. Furthermore, this meeting will approve the Rs. 7.5 lakhs in financial support offered to the government Covid-19 alleviation, which is worth Rs. 7.5 lakhs.

Mangsir 26 is the date on which the book will be closed. As a result, shareholders who had their in good standing that date are eligible the dividend and are welcome to attend the AGM.

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