Neco Insurance Calls Out SGM to Approve Right Issue

Sep 17, 2023 12:18 PM Merolagani

Neco Insurance has called out a special general meeting (SGM) on October 6 in Lisara Reception, Naxal, Kathmandu at 11 am.

The meeting will approve a proposal of issuing 25 percent right shares to its existing shareholders.

Moreover, the meeting will delegate authority to BOD to amend its article and memorandum of association regarding the changes occurred due to right issue.

In this regard, the company is closing its book on September 27, thus, the shareholders registered in its book till September 26 will be eligible to apply for the right shares.

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