Prabhu Life Insurance to convene its 1st AGM on Jestha 10; Issuance of IPO falls under the agenda to be discussed

Thu, May 3, 2018 8:27 AM on AGM/Special AGM, IPO/FPO News, Latest, Stock Market,
Prabhu Lif...

Prabhu Life Insurance Limited will be convening its 1st AGM on Jestha 10, 2075. As per the decision made by the meeting of the board of directors on Baisakh 12, 2075, the AGM will be held at Lainchaur Banquet, Kathmandu at 2:00 PM.

The main agenda of the meeting includes amendment in the MoA and AoA of the life insurance company and revision of authority of the board of directors for the same.

Other agendas of the meeting include issuance of audited report from fiscal year 2063/64 to 2073/74, appointment of statutory auditor for the fiscal year 2074/75, issuance of IPO for the general public, appointment of directors, changing the address of the company and such.

The company’s paid up capital is Rs 1.4 arba with Rs 3.74 crore in the reserve. The life insurance company had earned Rs 3.72 crore in the second quarter of the current fiscal year.