Neco Insurance Calls AGM; When's the Book Closure for 16.31% Dividend?

Neco Insurance Company Limited has called its 25th AGM going on 31st Ashar, 2078. The meeting will be held in the company's central office in Gyaneshwor, Kathmandu, starting at 11 am that day.

Among other agendas, the AGM will endorse the proposed 16.32% dividend for the fiscal year 2076/77. The 406th BOD meeting of the company held on Jestha 09 proposed a 15.5% bonus share and 0.82% cash dividend (for tax purposes) to the shareholders. This dividend will take the company's paid-up capital to Rs. 152.15 crores.

Ashar 18 is the book closure date. Thus, investors maintained before that day are entitled to the dividend and can also attend the AGM.

AGM notice