Prabhu Insurance Calls Out AGM

Apr 11, 2024 09:20 AM Merolagani

Prabhu Insurance (PRIN) has called out 28th annual general meeting (AGM) on May 2 in its head office, Prabhu Complex, Tinkune, Kathmandu at 10 am.

The meeting will endorse a proposal of distributing 4.75 percent stock and 0.25 percent cash dividend to its shareholders. moreover, the meeting will approve a proposal of issuing right shares to meet paid-up capital of Rs 1.50 billion or delegate authority to BOD to carry out task if other options available, restructure BOD, elect three directors from both promoter and ordinary shareholders and appoint an auditor.

In this regard, the company will close its book on April 19, thus, the shareholders registered in its book till April 18 will be eligible to attend the AGM and obtain the announced dividend.

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