Sagarmatha Insurance to Conduct 23rd AGM on Bhadra 13

July 31, 2020 | Investopaper

Sagarmatha Insurance Company Limited (SIC) is conducting its 23rd Annual General Meeting (AGM) on Bhadra 13, 2077. The meeting will take place at the company’s head office, Naxal, Kathmandu.

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The major agendas for the annual meeting include:

Discussion and approval of financial report of the fiscal year 2075/76.

Appointment of auditor for the fiscal year 2076/77.

Delegation of authority to board of directors for any merger/acquisition decisions.

Also Read: Non-Life Insurance Collect Rs 25.87 Billion In Premium In FY 2076/77

Dividend

Sagarmatha Insurance will not provide any dividend from the fiscal year 2075/76. In the previous year, the company had distributed a massive 86 percent bonus share to its shareholders.

At current, Sagarmatha Insurance has paid up capital of Rs. 100.12 crores. In the fiscal year 2076/77, Sagarmatha Insurance has earned a total premium income of Rs 2.19 Arba.

Book Closure Date

For the purpose of AGM, SIC has announced the book closure date from Shrawan 28 to Bhadra 13, 2077. Hence, the investors holding/purchasing shares until Shrawan 27, 2077 can participate in the Anuual meeting.

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