Sabaiko Laghubitta held its 6th AGM on Falgun 26, 2079, led by company chair Mr. Narayan Prasad Joshi.
According to the media statement, the AGM decided to approve 18% bonus shares and 0.95% cash dividends to its shareholders, as well as authorize the board to conduct any merger/acquisition work with suitable institutions.
On Falgun 14, 2079, Infinity Laghubitta held its sixth annual general meeting (AGM) for the fiscal year 2078–2079 under the direction of its chairman, Mr. Bala Ram Bista.
The AGM has approved the board’s request to distribute 20% bonus shares worth Rs 8.29 crore to its shareholders from the profit it had generated in the prior fiscal year, in addition to the usual financial reports.
According to a press release, the AGM also featured a leadership symposium for the firm’s staff, and the company also recognized its top performers.
AGM approval of the merger with Sagarmatha Insurance and the proposal of 6.99% bonus shares and 0.3679% cash dividend for taxation purposes are both mentioned in the media release in addition to the usual financial reporting.
According to the press release, the AGM authorized the board to carry out all merger-related responsibilities and approved the merged company’s name, Sagarmatha Lumbini Insurance Company.
The business reportedly recognized its employees who have worked there for more than ten years in a statement to the media.
Union Life Insurance Company held its 5th Annual General Meeting (AGM) for the fiscal year 2077-78 on Magh 26, 2079, under the leadership of its Board of Directors, Mr. Sandeep Kumar Agrawal. According to the media statement, the AGM approved the financial reports for the previous fiscal year and decided on the remuneration of its auditor as well as the meeting allowances for its BoDs.