Asian Life Insurance Company Calls AGM on Baisakh 18; Company to Endorse 8.947% Dividend
Fri, Apr 7, 2023 10:53 AM on Latest, Dividend, Bonus & Rights, AGM/Special AGM, Book Closure,
Asian Life Insurance Company Limited (ALICL) has called its 15th AGM on 18th Baisakh, 2080. The meeting will be held in Hotel Classic Simara, Bara, starting at 11:30 AM that day.
Among the other agendas, the AGM will endorse an 8.947% dividend worth Rs. 26.01 Crores for the fiscal year 2078/79. The meeting of the board of directors held on Falgun 30 (today) has decided to distribute 8.50% bonus shares and a 0.447% cash dividend (for tax purposes). The bonus shares are worth Rs. 24.71 crores and the cash dividend is worth a little over Rs. 1.30 crores. The existing paid-up capital of ALICL is Rs. 2.90 Arba.
As the company's capital will increase after the issuance of bonus shares, pass the resolution to amend the Articles of Association accordingly. The meeting will also discuss about increasing its authorized capital from Rs. 5 Arba to Rs. 6 Arba.
The book closure date is on Baisakh 08. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.
