Gurans Life Insurance Company Calls AGM on Baisakh 06 to Endorse 13.27% Bonus Dividend and Merger-Related Agendas

Gurans Life Insurance Company Limited (GLICL) has called its 13th AGM on 6th Baisakh, 2080. The meeting will be held in the company's head office located at Tinkune, Kathmandu, starting at 10:30 AM that day.

Among the other agendas, the AGM will endorse 13.2712772% bonus shares for the fiscal year 2078/79. The meeting of BODs held on Chaitra 09 decided to distribute 13.2712772% bonus shares for the fiscal year 2077/78. The dividend will be distributed from the paid-up capital of Rs. 2,23,93,70,000. Thus, the bonus shares are worth Rs. 29,71,93,000. As the company's capital will increase after the issuance of bonus shares, pass the resolution to amend the Articles of Association accordingly.

Furthermore, the AGM will pass a resolution regarding evaluating and endorsing the Due Diligence Audit, Due Diligence Report, Memorandum of Understanding, and Scheme of Arrangement and endorse a share swap ratio of 1:1:1 for a merger between Gurans Life Insurance Company (GLICL), Union Life Insurance Company (ULI) and Prime Life Insurance Company (PLIC). The meeting will also approve a proposal to start the joint transaction under the name "Himalayan Life Insurance Limited" after the successful merger.

The book closure date is on Chaitra 23. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.

AGM Notice