Kathmandu. The 8th Annual General Meeting (AGM) of Prabhu Mahalaxmi Life Insurance Limited has concluded today. The meeting held in Kathmandu has approved the annual report for the fiscal year 20780/81 BS along with the auditor’s report.
The meeting also approved a proposal to distribute 8 percent bonus shares and 0.421 percent cash dividend (including tax on bonus shares) to the shareholders for the fiscal year 2080/81.
With the distribution of bonus shares, the minimum paid-up capital will reach as per the directives of the regulatory body Nepal Insurance Authority. The meeting has approved the annual and auditor’s report for the fiscal year 2080/81 BS.
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