16th February 2025, Kathmandu
IME Life Insurance has announced that it will hold its 8th Annual General Meeting (AGM) on 9 March 2025 (Sunday). The meeting will be held at Diyo Mahal, Dhumbaraahi, Kathmandu at 11:00 AM. This date was finalized during the board meeting held on February 15, 2025.
IME Life 8th AGM 2025
Key Agenda Items of the AGM
The AGM will cover several important topics. The board will present the annual report for the fiscal year 2023/23. This will include the company’s balance sheet, profit and loss statement, and cash flow details, along with the related schedules for discussion and approval.
Appointment of External Auditor
The board will recommend the appointment of an external auditor for the upcoming fiscal year 2024/25. If approved, SAR Associates Chartered Accountants will continue as the company’s external auditor. The AGM will also decide the remuneration for the newly appointed or reappointed auditor.
Dividend Distribution Proposal
A key decision during the AGM will be the approval of the cash dividend proposal. The company plans to distribute dividends at a rate of 21.05264% of its paid-up capital, which will also include tax deductions. This distribution will be based on the distributable profit from fiscal year 2023/24.
CSR Approval and Company Amendments
The AGM will grant the board of directors the authority to make any necessary amendments to the memorandum and articles of association of the company if required. It will also approve the Corporate Social Responsibility (CSR) expenses incurred by the company under Section 105(1)(g) of the Companies Act, 2063.
Book Close and Eligibility for Dividend
25 February 2025 (the last trading day on the Nepal Stock Exchange) will be eligible to attend the AGM and receive the approved dividends.
Important Dates
Book Close Date: 27 February, 2025
Eligibility for Dividend: Shareholders with shares until 25 February 2025.
The AGM will offer an important opportunity for shareholders to engage in the company’s decisions. Shareholders will also have the chance to approve the dividend proposal and other key governance matters.
For more: IME Life 8th AGM 2025