Lumbini General Insurance calls for Special AGM

April 19, 2019 | Investopaper

Lumbini General Insurance has informed Nepal Stock Exchange (NEPSE) about its upcoming Special AGM. The 188th board of directors meeting held on Baisakh 5, 2076 has decided to convene the AGM at Amritbhog, Kalikasthan.

The major agenda for calling the special AGM is to approve 10:2 right share to the shareholders. The meeting will also endorse the increment of authorized capital to Rs. 125 crores. The current authorized capital is Rs. 100 crores. Also, the special AGM will provide the approval to increase the paid-up capital to Rs. 105.60 crores. The company has paid up capital of Rs. 88 crores.

For the purpose of Special AGM, the book closure date is fixed at Baisakh 15, 2076.

The company is planning to meet the minimum capital requirement of Rs. 100 crores through the issue of 20 percent right shares.



Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published.

error: Content is protected !!