National Life Insurance to Hold 38th AGM on Poush 30 to Approve Dividend Proposal

National Life Insurance Company Limited (NLICL) has announced the convening of its 38th Annual General Meeting (AGM) to approve the dividend proposed from the profit of the last fiscal year. The AGM is scheduled to be held on Wednesday, Poush 30, at 10:30 AM at the company’s head office in Lazimpat, Kathmandu. The meeting will approve a special proposal to distribute a dividend comprising 4% bonus shares and 8.5% cash dividend (including tax) based on the current paid-up capital. In addition, the AGM will discuss and approve proposals related to amendments to the Memorandum and Articles of Association, authorization to the Board for policy revisions on investment matters, appointment of the auditor, and other routine agendas. For the purpose of the AGM and dividend distribution, the company has declared a book closure for one day on Poush 17. Accordingly, shareholders maintaining ownership of shares traded on NEPSE up to Poush 16 will be eligible to attend the AGM and receive the declared dividend.