Sanima GIC Insurance 7th AGM: Bonus Shares, Rights Issue & Dividends
2nd April 2025, Kathmandu
Sanima GIC Insurance Limited will hold its 7th Annual General Meeting (AGM) tomorrow, Chait 21, 2081 (April 3, 2025), at Amritbhog, Kalikasthan, Kathmandu. The meeting will start at 11:00 AM.
Sanima GIC Insurance 7th AGM
The company’s board of directors, during their meeting on Falgun 26, 2081 (March 10, 2025), has proposed to distribute a 7.5% bonus share and a 0.3947% cash dividend (after tax) based on the current paid-up capital. This proposal will be presented for approval at the AGM.
In addition to the dividend distribution, several important decisions are expected to be made. The company has proposed a reduction in the rights share ratio. Originally set at 25%, it will now be modified to 17%. This change will be discussed and likely approved during the meeting.
The AGM will also approve the expenses incurred in the previous fiscal year. The board will seek approval for these expenses and move forward with its financial strategies. Additionally, the board will propose an amendment to the allowances for directors attending meetings. These amendments aim to align the compensation structure with the company’s growth and operational needs.
Another key proposal involves amendments to the Memorandum and Articles of Association. The board will request permission to make necessary changes to these documents to better suit the company’s future requirements.
The AGM will also ratify the financial statements for the previous fiscal year. The shareholders will have the opportunity to review the performance of the company and assess its financial health. Furthermore, the shareholders will approve the appointment of an auditor for the current fiscal year and decide on the auditor’s remuneration.
For those wishing to attend the AGM and receive dividends, the company has set a book closure date for Chait 8, 2081 (March 21, 2025). Only those who hold shares as of Chait 7, 2081 (March 20, 2025) will be eligible to participate in the AGM and receive the proposed benefits.
The AGM is expected to provide shareholders with valuable insights into the company’s performance and plans. The proposed dividend distribution reflects the company’s commitment to rewarding its investors. Moreover, the changes in the rights share ratio and other proposed amendments show the company’s proactive approach to adapting to market demands.
Sanima GIC Insurance has continued to grow over the years, providing a range of insurance products that have earned it a solid reputation in the market. The AGM offers a platform for shareholders to engage with the management and voice their opinions on the company’s direction.
In conclusion, the AGM on Chait 21, 2081(April 3) will be a significant event for the company. It will not only address financial matters but also pave the way for important changes that could shape its future. Shareholders are encouraged to attend the meeting and participate in the decision-making process.
For more: Sanima GIC Insurance 7th AGM
