Himalayan Life Insurance’s AGM Today, Proposes 14% Bonus Shares

Himalayan Life Insurance Company Limited is holding its Annual General Meeting (AGM) today at 10:30 AM at Anupam Foodland and Banquet, Battisputali. The meeting will propose distributing a 14% bonus share from the profits of the last fiscal year. However, shareholders will need to bear the tax applicable on the bonus shares themselves.

The agenda also includes authorizing the board to amend the company’s memorandum and regulations, discussing the profit and loss accounts for the fiscal year 2079–80, and appointing an auditor for 2081–82 while determining their remuneration. The company closed its books on Magh 25, allowing only shareholders registered by Magh 24 to participate and claim the proposed dividend.