NLG Insurance's Special General Meeting: Proposal for Rights Share Issuance

NLG Insurance Company Limited has announced a special general meeting to issue rights shares. The company is organizing the meeting on Kartik 7 (October 24) at Amrapali Banquet, Baluwatar, Kathmandu, starting at 10 AM with the goal of increasing its capital.

During the meeting, a special proposal will be passed to issue 9,631,220.22 units of rights shares, which is 62.56% of the company's current paid-up capital.

• Special General Meeting Call:
  The meeting will be held on Kartik 7 at 10 AM at Amrapali Banquet, Baluwatar, Kathmandu.

• Rights Share Proposal:
  The company proposes to issue 9,631,220.22 units of rights shares, equivalent to 62.56% of the current paid-up capital.

• Capital Increase Plan:
  The rights share issuance is part of the company's strategy to raise capital.

• Book Closure Date:
  The book closure will occur on Asoj 22 (October 8), meaning only shareholders who have traded on the Nepal Stock Exchange (NEPSE) by Asoj 21 (October 7) will be eligible to participate in the meeting.

• Shareholder Participation:
  Shareholders on record as of Asoj 21 will be eligible to attend and vote at the meeting.