Nepal Reinsurance Company Limited's 9th Annual General Meeting Concluded

Nepal Reinsurance Company Limited's 9th Annual General Meeting (AGM) was held on Thursday at Anupam Foodland and Banquet, Battisputali, Kathmandu, under the chairmanship of the company's Chairman, Ishwari Prasad Aryal.

The AGM approved a special proposal to distribute a 4.75% bonus share and a 0.25% cash dividend for tax purposes on the current paid-up capital. This will benefit the shareholders through bonus shares and cash dividends.

Additionally, the AGM approved expenses under corporate social responsibility, authorized the board of directors to amend the memorandum and articles of association, appointed an auditor, and elected one director representing institutional investors other than the Government of Nepal.

Following the approval of these proposals, the company plans to continue its work under corporate social responsibility and take new steps for institutional development.

This AGM marks a significant event for the company, clarifying its future strategy and action plans, thereby strengthening shareholder confidence.