June 23, 2022 | Investopaper
Lumbini General Insurance Company (LGI) will conduct its 17th Annual General Meeting (AGM) on Ashad 29, 2079 BS [July 13, 2022]. The annual meeting will take place at Amritbhog Catering, Kalikasthan, Kathmandu. The AGM will start after 11 AM.
The major agendas for the AGM are:
Approval of financial statements for the fiscal year 2077/78.
Endorsement of a 10 percent dividend to the shareholders.
Appointment of auditor for the fiscal year 2078/79.
Delegation of authority to board of directors for any merger/acquisition decisions.
Election of 4 directors representing promoter shareholders.
Increment of authorized capital to Rs. 5 Billion.
Book Closure Date:
For the purpose of the AGM, Lumbini General Insurance has announced the book closure date on Ashad 15, 2079 BS. Thus investors purchasing the shares until Ashad 14 are eligible for the dividend and can participate in the AGM.