Himalayan Everest Insurance Approves 8.75% Cash Dividend at 31st AGM
11th March 2025, Kathmandu
Himalayan Everest Insurance Ltd. successfully conducted its 31st Annual General Meeting (AGM) today at Anmol Banquet in Shankhamul, Kathmandu. The meeting focused on important financial decisions, including the approval of a cash dividend for shareholders.
Himalayan Everest 8.75% Cash Dividend
Cash Dividend Proposal Approved
The Board of Directors proposed a cash dividend of 8.75% (inclusive of tax) based on the company’s current paid-up capital. The proposal received approval during the meeting, and the shareholders will benefit from the profits of the previous fiscal year. The move highlights the company’s commitment to rewarding its investors.
Review of Annual Report and Financial Statements
The AGM also involved a review of the Annual Report for the last fiscal year, alongside discussions on the company’s financial statements. The shareholders discussed the company’s performance and expressed confidence in its continued growth and stability in the market.
Appointment of Auditor and Remuneration
The meeting also confirmed the appointment of an auditor for the current fiscal year. Along with this, the auditor’s remuneration was decided. This ensures the company remains compliant with regulatory standards while ensuring transparency in its financial processes.
Book Closure for Dividend Distribution
To facilitate the dividend distribution and AGM processes, Himalayan Everest Insurance closed its books on Falgun 15, 2025 (March 1, 2025). Only shareholders who hold shares by Falgun 13 (February 25, 2025) are eligible to receive the declared dividend.
Key Takeaways from the AGM
The 31st AGM of Himalayan Everest Insurance concluded with the successful passage of key proposals. The dividend declaration signals the company’s strong performance and commitment to providing returns to its shareholders.
This move also reaffirms the company’s position in the Nepalese insurance sector as a stable and profitable investment option. The approval of the cash dividend represents the company’s ongoing efforts to reward its shareholders while ensuring future growth.
For further updates, shareholders are encouraged to stay in touch with the company’s official communication channels regarding the dividend distribution and other important announcements.
Himalayan Everest Insurance Ltd. successfully conducted its 31st Annual General Meeting (AGM) today at Anmol Banquet in Shankhamul, Kathmandu. The meeting focused on important financial decisions, including the approval of a cash dividend for shareholders.
Cash Dividend Proposal Approval
The Board of Directors proposed a cash dividend of 8.75% (inclusive of tax) based on the company’s current paid-up capital. The proposal received approval during the meeting, and the shareholders will benefit from the profits of the previous fiscal year. The move highlights the company’s commitment to rewarding its investors.
Review of Annual Report and Financial Statements
The AGM also involved a review of the Annual Report for the last fiscal year, alongside discussions on the company’s financial statements. The shareholders discussed the company’s performance and expressed confidence in its continued growth and stability in the market.
Appointment of Auditor and Remuneration
The meeting also confirmed the appointment of an auditor for the current fiscal year. Along with this, the auditor’s remuneration was decided. This ensures the company remains compliant with regulatory standards while ensuring transparency in its financial processes.
Book Closure for Dividend Distribution
To facilitate the dividend distribution and AGM processes, Himalayan Everest Insurance closed its books on Falgun 15 (27 February 2025). Only shareholders who hold shares by Falgun 13 (February 25, 2025) are eligible to receive the declared dividend.
Key Takeaways from the AGM
The 31st AGM of Himalayan Everest Insurance concluded with the successful passage of key proposals. The dividend declaration signals the company’s strong performance and commitment to providing returns to its shareholders.
This move also reaffirms the company’s position in the Nepalese insurance sector as a stable and profitable investment option. The approval of the cash dividend represents the company’s ongoing efforts to reward its shareholders while ensuring future growth.
For further updates, shareholders are encouraged to stay in touch with the company’s official communication channels regarding the dividend distribution and other important announcements.
For more: Himalayan Everest 8.75% Cash Dividend
