Prabhu Insurance Company Calls AGM on 20th Baishakh; Company to Endorse 5% Dividend for FY 2079/80
Thu, Apr 11, 2024 7:14 AM on Latest, Dividend, Bonus & Rights, AGM/Special AGM, Book Closure,
Prabhu Insurance Company Limited (PRIN) has called its 28th AGM on 20th Baishakh, 2081. The meeting will be held in Prabhu Complex, Tinkune, Kathmandu, starting at 10 am that day.
Among other agendas, the AGM will endorse a 5% dividend for the fiscal year 2079/80. The 433rd meeting of the board of directors held on Falgun 20 decided to distribute the dividend on the paid-up capital of Rs. 1.37 Arba. 4.75% bonus shares worth Rs 6.53 crores and 0.25% cash dividend (for tax) worth slightly over Rs 34.40 lakhs have been proposed.
Furthermore, there is an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports, appoint an auditor for the fiscal year 2080/81, and form a board of directors with at least one female director and one independent director with a total of 7 directors altogether.
Baishakh 7, 2081 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.
As of writing, PRIN has an LTP of Rs. 795.00.
