United Ajod Insurance to Issue 10:1 Right Share | Book Closure on Falgun 17
February 22, 2026 | Investopaper
United Ajod Insurance Company Limited (UAIL) is planning to sell right shares to the shareholders. The company has decided to float the right shares in the ratio 10:1. This means that the shareholders with 100 shares can apply for the additional 10 shares.
For this purpose, the company has announced the book closure date on Falgun 17, 2082 BS. Hence, the investors holding the shares of UAIL until Falgun 16 will be eligible to subscribe the right shares.
Securities Board of Nepal (SEBON) has given the approval to the company on Magh 27, 2082 BS. UAIL had submitted an application to the board on Ashwin 4, 2081 BS. Only after the approval from SEBON, the company can sell the shares to the public.
The special general meeting (SGM) of the company held on Jestha 31, 2081 BS had approved the agenda of right issuance.
Earlier, Nepal Insurance Authority, the regulatory body of insurance companies, had given the pre-approval to the company regarding the right offering.
As of Poush’s end 2082 BS, United Ajod Insurance Company has a paid up capital of Rs. 231 crores. Hence, the company has plans to sell right shares worth Rs. 23.1 crores. After the right issue, the paid-up capital will reach Rs. 254.1 crores.
For the purpose of right offering, the insurance company has appointed Laxmi Sunrise capital as the issue and sales manager. An agreement has been inked between the company and Laxmi Sunrise Capital on this regard.
As per the direction of Nepal Insurance Authority, the regulatory body of insurance companies, the non-life insurance companies are required to meet the minimum capital of Rs. 250 crores. Hence, United Ajod Insurance has opted for the right issue in order to reach the capital requirement.
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