United Ajod Insurance Approves Dividends And Bonus Shares At 32nd AGM
16th July 2026, Kathmandu
United Ajod Insurance Limited has successfully concluded its 32nd Annual General Meeting at Amrapali Banquet, Bhatbhateni, Kathmandu.
United Ajod Approves Dividends
During the event, shareholders approved all proposed resolutions, including the distribution of bonus shares and a cash dividend.
The company stated that the approved resolutions will support future growth while enhancing shareholder value and maintaining compliance with regulatory requirements.
KEY HIGHLIGHTS OF UNITED AJOD INSURANCE AGM
The distribution of financial returns and the endorsement of annual financial statements were the primary focuses of the meeting. Shareholders actively participated in the approval of the board proposals.
The main outcomes of the meeting reached multiple milestones, focusing on capital growth and financial transparency:
ENDORSEMENT OF FINANCIAL STATEMENTS
At the meeting, shareholders endorsed the Board of Directors Annual Report for the fiscal year 2081/82. The approved documents included:
- Audited Balance Sheet
- Profit and Loss Account
- Cash Flow Statement
- Auditor Report
- Related financial schedules
BONUS SHARES AND CASH DIVIDEND DISTRIBUTION
nited Ajod Insurance extended financial returns to its investors based on the financial performance of the past fiscal year. To support the shareholders, the company provided:
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- 4.2857 percent bonus shares worth approximately Rs. 99 million.
- 0.2256 percent cash dividend, amounting to Rs. 5.21 million, to cover the applicable tax on the bonus shares.
The bonus shares will be issued based on the company current paid up capital of Rs. 2.31 billion.
CAPITAL INCREASE AND AMENDMENTS
To enhance the financial strength and support the market expansion of the company, the meeting approved significant changes to the capital structure. Following the issuance of the approved bonus shares, the company issued capital will increase from Rs. 2.541 billion to approximately Rs. 2.64 billion. To reflect this capital increase, the annual general meeting also approved amendments to the company Memorandum of Association and Articles of Association.
REGULATORY AUTHORIZATION AND AUDITOR APPOINTMENT
The program saw active participation from both the company leadership and the voting shareholders. Notable decisions regarding corporate governance included:
- External Auditor Appointment: The annual general meeting approved the appointment of an external auditor for the fiscal year 2082/83 and finalized the auditor remuneration based on the recommendation of the Audit Committee.
- Board Authorization: The meeting further authorized the Board of Directors to make any necessary amendments or revisions to the company constitutional documents if required by regulatory or approving authorities during the approval process.
By investing in capital expansion and maintaining corporate governance, United Ajod Insurance Limited continues to reinforce its commitment to sustainable financial growth across Nepal.
The strategic decisions made during this session ensure that the insurance company remains on a firm financial path, balancing investor rewards with long term corporate safety guidelines. By strengthening its paid up capital through bonus share distributions, United Ajod Insurance aligns itself with the capital enhancement directives issued by the regulatory bodies of Nepal. This move is expected to boost public confidence, secure a larger market share, and provide a solid foundation for managing future risks and liabilities in the competitive insurance market.
The smooth progression of the meeting highlights the trust that the investor community places in the current leadership and management team of United Ajod Insurance Limited. Moving forward, the company plans to utilize the increased capital base to innovate its insurance products, upgrade customer service standards, and expand its digital reach to potential clients across various regions of the country.
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