Himalayan Everest Insurance AGM 2025: 8.75% Dividend Proposed
16th February 2025, Kathmandu
Himalayan Everest Insurance Limited has scheduled its 31st Annual General Meeting (AGM) for 11 March 2025, at Anmol Banquet, Shankhamul, Kathmandu, starting at 11:00 AM.
Himalayan Everest Insurance AGM 2025
The company has finalized the venue and time for this key meeting, which will focus on important financial decisions and shareholder matters.
Book Closure for Dividend Eligibility
The company has set the book closure date for 27 February 2025. Shareholders who hold shares until 25 February 2025 will be eligible to participate in the AGM and receive dividends. Only those registered with the company by this date will be able to attend the meeting and claim their proposed cash dividends.
Dividend Proposal of 8.75% for Shareholders
One of the main highlights of the AGM will be the dividend proposal. The company plans to distribute a cash dividend of 8.75%, which amounts to NPR 21.87 million. This will be based on the company’s paid-up capital of NPR 2.5 billion and 1 million. Shareholders can expect to receive the dividend, which includes tax deductions as applicable.
Key Agenda Items for the AGM
Apart from the dividend proposal, several important matters will be discussed during the AGM. These include:
Approval of the Annual Report for the fiscal year 2023/24, which includes financial statements such as the balance sheet, profit and loss account, and cash flow statement.
Appointment of auditors for the fiscal year 2024/25 and determination of their remuneration.
Authorization for the Board of Directors to amend the Memorandum and Articles of Association as needed.
Other routine agenda items that require shareholder approval.
Preparation for the AGM
In line with the AGM agenda, the company has also planned to review and approve its annual financial reports, as presented by the chairman. This includes addressing any concerns or feedback from shareholders regarding the company’s financial performance over the past fiscal year. Shareholders will have the opportunity to discuss the company’s future strategy and provide valuable input during the meeting.
Eligibility for Participation and Dividend
To ensure eligibility for the dividend distribution and AGM participation, shareholders must ensure their names are registered with the company by Falgun 14, 2025, as the book closure will occur the following day. This step is crucial for shareholders who wish to receive their dividends and take part in the important discussions at the AGM.
Conclusion
Himalayan Everest Insurance is preparing for a crucial AGM that will set the course for its future financial decisions. Shareholders are encouraged to mark the dates and ensure they meet the eligibility criteria to participate. With the proposed dividend and significant decisions on the table, this AGM will be a pivotal event for the company and its stakeholders.
For more: Himalayan Everest Insurance AGM 2025
