Surya Life Insurance and Jyoti Life Insurance Calls AGM on Kartik 28 to Endorse 1: 0.8245 Share Swap Ratio for Merger
Sun, Oct 23, 2022 10:48 AM on Latest, AGM/Special AGM, Merger/Acquistion,
Surya Life Insurance Company Limited (SLICL) and Jyoti Life Insurance Company Limited (JLI) has called its 14th AGM and 5th AGM on 28th Kartik, 2078 respectively. The meeting of SLICL will be held in Hotel Harrison Palace, Biratnagar, starting at 9 am that day whereas the meeting of JLI will be held in Waterfront Resort by KGH Group, Pokhara, starting at 11 am that day.
Among other agendas, both the AGM will endorse share swap ratio of 1: 0.8245 for the merger between Surya Life Insurance Company and Jyoti Life Insurance, and pass all other merger-related procedures. The meeting will also pass a resolution regarding carrying out the name of the company under "SuryaJyoti Life Insurance Company Limited" after completion of merger.
Furthermore, there are also agenda to endorse financial reports for the fiscal year 2077/78, the auditor's report with PL statements, financial reports, and cash flow reports and appoint auditor for the fiscal year 2078/79.