Prabhu Insurance Company Calls AGM on 23rd Falgun; Company to Endorse 7.05% Dividend for FY 2078/79
Sun, Feb 12, 2023 4:02 PM on Latest, Dividend, Bonus & Rights, AGM/Special AGM, Book Closure,
Prabhu Insurance Company Limited (PRIN) has called its 27th AGM on 23rd Falgun, 2079. The meeting will be held in the company's head office located at Tinkune, Kathmandu, starting at 11 AM that day.
Among the other agendas, the AGM will endorse a 7.05% dividend for the fiscal year 2078/79. The 414th meeting of the board of directors held on Poush 24 decided to distribute the dividend on the paid-up capital of Rs. 1.28 Arba. 6.70% bonus shares worth Rs 8.64 crores and 0.35% cash dividend (for tax) worth slightly over Rs 45.47 lakhs have been proposed.
Furthermore, there is an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports for FY 2078/79 and appoint an auditor for the fiscal year 2079/80. The proposal to provide the BoDs authority to oversee any company-related merger or acquisition procedures will be approved during the meeting.
The book closure date is on Falgun 12. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.
