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.
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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