The meeting will approve the annual report, financial reports, balance sheet, profit and loss account and cash flow statement of the last FY.
Similarly, the meeting will appoint an auditor and decide his/her remuneration.
Reliable Life is seeking to issue initial public offering (IPO) at premium rate. The company is planning to issue the IPO at Rs 220 including face value of Rs 100 and premium of Rs 120 per unit.
The company will issue 12 million units of shares at Rs 220 per unit amounting to Rs 2.54 billion. Currently, it has paid-up capital of Rs 2.80 billion which will reach Rs 4 billion after the issue.
