Sagarmatha Insurance Company (SIC) Proposes 11.5789% Dividend for Fiscal Year 2076/77

Vibes Nepal / बुधबार, असार ०९, २०७८ मा प्रकाशित

Kathmandu. Sagarmatha Insurance Company Limited has called an annual general meeting. The meeting of the board of directors of the company held on June 17 convened the 24th annual general meeting.

The meeting has decided to hold a meeting at the company’s head office Naxal on Wednesday, July 14 at 11 am. The meeting will pass a resolution to distribute 11.5789 percent of the company’s current paid-up capital of Rs 1.12 billion with 11 percent bonus share and 0.5789 percent cash dividend.

Similarly, the annual report submitted by the chairperson on behalf of the board of directors will be discussed and passed. The meeting will discuss and pass the report of the auditor for the current Fiscal Year 2076/77 B.S. along with the balance sheet, profit and loss account, cash flow statement and related schedules.

The company has decided to close the book for the purpose of general meeting and dividend distribution from July 1 to 14. Thus, last day to receive the dividend is 30th June (Book close day). Therefore, only the existing shareholders will be eligible to receive the dividend proposed by the company and participate in the annual general meeting.

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