Kathmandu. The eighth annual general meeting of Sanima Reliance Life Insurance for the financial year 2080/081 has been concluded. The general meeting, which was held under the chairmanship of the company’s chairman Ratan Lal Kedia, delivered a welcome address and also presented the annual report.
The meeting considered the annual report of Sanima Reliance Life Insurance Ltd for the financial year 2080/81, including the annual report presented by the chairman on behalf of the board of directors. The audit report and financial statements for 080/81 have been approved.
The meeting has also passed a proposal to distribute a cash dividend of 396,248,218 rupees (including tax on bonus shares and cash dividends) at the rate of 8 percent of the existing paid-up capital of 4.95 billion 3.065 billion rupees as proposed by the board of directors, and to distribute bonus shares at the rate of 1.2489 percent of the existing paid-up capital.
The meeting has passed a proposal to increase the issued and paid-up capital to 5.149 billion rupees and amend the company’s articles of association accordingly. .
Similarly, the proposal for the appointment of an auditor for the financial year 081/082 and the determination of his remuneration has also been passed. Similarly, the registered office of the company has been changed from Ka.Z.Ka.M.N.Pa.10, New Baneshwor to Ka.Z.Ka.M.N.Pa. 01, Naxal, Kathmandu and passed a proposal to amend the company’s articles of association and regulations accordingly.
During the speech, the chairman of the company informed that we are committed to establishing our distinct identity among the general service recipients through the values of this company and the successful implementation of efficient business policies, institutional good governance, and the efficiency of the skilled human resources working in the company.
The company’s Chief Executive Officer, Shivnath Pandey, informed that the company has been continuously increasing all indicators of quality and reliable business and that in the coming years, there is a tireless effort to give this company a distinct identity in the life insurance sector through quality and long-term business. .
He mentioned that the company has been operating as a strong, capable company by patiently managing the challenges faced in the merger.
The Chairman concluded the general meeting by thanking all the shareholders, guests present and all the regulatory bodies, including the Company Registrar’s Office, Nepal Insurance Authority, Securities and Exchange Board of Nepal, who supported the successful completion of the company’s eighth annual general meeting.
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