United Ajod Insurance Calls SGM With Agenda to Issue 15% Right Shares

United Ajod Insurance Limited (UAIL) has called for its Special General Meeting (SGM) on the 31st of Jestha, 2081. The venue for the meeting is Amrapali Banquet, Bhatbhateni, Tangal, Kathmandu, starting at 10:30 AM.

Among other agenda items, during its 32nd board meeting held on Jestha 09, 2081, the company decided to offer the right shares in the ratio of 100:15 (15%). Presently, UAIL holds a paid-up capital of Rs. 2.1 Arba.

However, with the proposed issuance of right shares amounting to Rs. 31.50 Crores, the paid-up capital would only increase to Rs. 2.41 Arba, falling short of the regulatory requirement to reach Rs. 2.50 Arba by the end of Ashad, 2081, and proposed to amend the articles of association and regulations of the company accordingly, which will be submitted as a special proposal to the SGM.

Additionally, there is an agenda to form the board of directors based on the ratio of promoters and public shareholding and to make necessary amendments to the company's charter and regulations accordingly.

The right share is subject to approval from the SGM.

Jestha 25 is the book closure date. Thus, the shareholders maintained before that can attend the SGM.

SGM Notice: