NLG Insurance Calls 19th AGM to Approve Bonus and Cash Dividend

NLG Insurance Company Limited (NLG) has announced that it will be holding its 19th Annual General Meeting (AGM) on 29th Jestha, 2082 (June 12, 2025). The meeting will take place at Amrapali Banquet, Bhatbhateni, Kathmandu, and is scheduled to start at 11:00 AM.

One of the major agendas of the AGM is the endorsement of a 2.631579% dividend for the fiscal year 2080/81. This includes 2.5% bonus shares, valued at a little over Rs. 6.25 crores, and a 0.131579% cash dividend for tax purposes, amounting to approximately Rs. 32.92 lakhs. This dividend proposal was approved by the company’s 474th board meeting held on Baishakh 26.

In addition to the dividend, the AGM will review and approve the company’s auditor’s report, along with the profit and loss statement, financial reports, and cash flow report. The meeting will also involve the appointment of an auditor for the fiscal year 2081/82 and discussion of directors' meeting allowances.

The book closure date is set for Jestha 22, meaning only those shareholders who maintain holdings before this date will be eligible to receive the dividend and participate in the AGM.

This announcement highlights NLG Insurance’s continued focus on financial transparency and shareholder value.