Prabhu Life Insurance Conducting 5th AGM Today | Election Of Director, Merger & Dividend Approval Are Major

June 9, 2023 | Investopaper

Prabhu Life Insurance Company Limited (PLI) is conducting its 5th Annual General Meeting (AGM) on Jestha 26, 2080 BS. The meeting will take place at Lainchaur Banquet, Lainchaur, Kathmandu. The time has been scheduled for 11 AM.

Major Agendas For AGM:

Presentation and approval of financial report for the fiscal year 2077/78.

Election of 4 directors representing promoter shareholders.

Approval of 10.3158 percent dividend to the shareholders.

Approval of merger with Mahalaxmi Bikas Bank at share swap ratio of 1:1.

Book Closure Date:

For the purpose of AGM, Prabhu Life Insurance has announced the book closure date on Jestha 12, 2080 BS. The investors purchasing/holding the shares of PLI before the book close date will receive the dividend and can participate in the annual meeting.

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