Sanima Reliance Life Insurance Calls 8th AGM

Sanima Reliance Life Insurance Company has scheduled its 8th Annual General Meeting (AGM) for March 21, 2024 (Chaitra 8, 2080), to be held at Anmol Banquet, Shankhamul, Kathmandu, starting at 11 AM. The book closure date is March 10, 2024 (Falgun 26, 2080). The AGM will address key proposals, including the approval of the annual report and audited financial statements for the fiscal year 2023/24 (2080/081), the appointment of the auditor for 2024/25 (2081/082), and the distribution of dividends to shareholders.

Shareholders will vote on a total dividend of 9.2489%, comprising an 8% cash dividend (including tax) worth NPR 396,235,218 and 1.2489% bonus shares valued at NPR 61,858,832. Post-bonus, the paid-up capital will rise to NPR 5,014,924,000. Other proposals include increasing the authorized capital to NPR 5.02 billion, shifting the registered office to Naxal, Kathmandu, approving corporate social responsibility expenses, and authorizing the board to handle regulatory amendments.