The AGM will endorse a proposal of distributing 15 percent cash dividend to its shareholders. Moreover, the AGM will approve the financial reports of the last FY and appoint Auditor for the current FY.
The company is closing its book from December 29 to January 14, thus, the shareholders registered in its book by December 28 will be eligible to attend the AGM and obtain the announced dividend.
Himalayan General Insurance has paid-up capital of Rs 1.02 billion million and a reserve fund of Rs 120 million. The company earned a net profit of Rs 22.3 million in the first quarter of the current FY. It has EPS of Rs 8.75
