Nepal Insurance Company Calls SGM With Agenda to Issue 40% Right Shares
Thu, May 2, 2024 10:21 AM on Latest, Dividend, Bonus & Rights, AGM/Special AGM, Book Closure, NEPSE News,
Nepal Insurance Company Limited (NICL) has called its SGM on 4th Jestha, 2081. The meeting is going to be held at Nepal Pragya Pratisthan, Kamaladi, Kathmandu, starting on at Monday 11:00 AM.
Among the other agenda, the board of directors meeting held on 18th Baishakh has proposed to issue 40% rights shares (1: 0.40 ratio right shares) for shareholders from the paid-up capital of the company. The paid-up capital of the company is Rs. 1,64,42,41,940. After the adjustment of the 40% right shares, the paid-up capital of the company will be Rs. 2,30,19,38,716.
The right share is subject to approval from the SGM.
Baishakh 27 is the book closure date. Thus, the shareholders maintained before that can attend the SGM.
