Shikhar Insurance Company Limited (SICL) has announced its 19th Annual General Meeting (AGM) scheduled for the 9th of Chaitra, 2080. The AGM is set to take place at the Shikhar Insurance Company Ltd’s Head Office, Shikhar Biz Center in Thapathali, Kathmandu, starting at 11:00 AM.
The outlined agendas for the AGM include the endorsement of financial reports for the fiscal year 2079/80, approval of the auditor’s report encompassing Profit and Loss statements, financial reports, and cash flow reports, as well as the confirmation of the auditor’s appointment for the fiscal year 2080/81. Additionally, the AGM will involve the election of four directors, with three representing the promoter shareholding group and one from the public shareholding group. The authorization of expenditures related to corporate social responsibility initiatives will also be addressed, along with miscellaneous matters.
In a decision made during the 322nd Board Meeting on Falgun 04, 2080, SICL communicated that there would be no dividend distribution for the fiscal year 2079/80. The book closure date is set for Falgun 27, allowing shareholders maintained before that date to participate in the AGM.
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