The meeting will approve a proposal of distributing 13 percent stock dividend to its shareholders.
Similarly, the meeting will approve merger proposal with Union Life and Prime Life Insurance and rebrand the joint entity as Himalayan Life Insurance.
The meeting will also approve swap ratio of 1:1:1 of all three companies as per DDA report.
The headquarter of the companies will remain at KMC ward no 1.
In this regard, the company is closing its book on April 6, thus, the shareholders registered in its book till April 5 will be eligible to attend the AGM and obtain the announced dividend.
