Prudential Insurance Company Calls AGM on Chaitra 16 to Endorse 3.5% Dividend; When's the Book Closure?

Prudential Insurance Company Limited (PICL) has called its 21st AGM on 16th Chaitra, 2079. The meeting will be held in Diyalo Lords Plaza, Birgunj, Parsa, starting at 12:30 PM that day.

Among the other agendas, the AGM will endorse a 3.5% dividend for the fiscal year 2078/79. The board of directors meeting decided to distribute the dividend on the paid-up capital of Rs. Rs. 1.18 Arba. 3.325% bonus shares worth Rs. 3.94 crores and 0.175% cash dividend worth Rs. 20.75 lakhs have been proposed. The cash dividend includes the tax amount levied on the dividend. The meeting will also elect 2 directors.

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. As the company's paid-up capital will increase to Rs. 1.22 Arba after the issuance of proposed bonus shares, the proposal to amend the Articles of Association accordingly will be approved.

The book closure date is on Chaitra 03. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.

Earlier, IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) have inked an initial merger agreement on Magh 27, 2079.

AGM Notice