IME Life Insurance holds 9th AGM, approves 10.53% cash dividend
Along with the financial statements, the meeting also endorsed the proposal to appoint the external auditor for the fiscal year 2082/83 and to determine their remuneration.
KATHMANDU: IME Life Insurance Company Limited successfully held its 9th Annual General Meeting (AGM) on Thursday, at Diyo Mahal, Dhumbarahi, Kathmandu.
The meeting was chaired by the company’s Board Chair, Dr. Ramhari Aryal.
The AGM passed all the general proposals, including the approval of the Board of Directors’ Report, Balance Sheet, Profit and Loss Account, Cash Flow Statement, and the financial statements with schedules for the fiscal year 2081/82.
Along with the financial statements, the meeting also endorsed the proposal to appoint the external auditor for the fiscal year 2082/83 and to determine their remuneration.
10.52632% Cash Dividend Approved
The AGM approved the proposal presented by the Board of Directors to distribute a cash dividend of 10.52632 percent from the distributable profit of the fiscal year 2081/82.
The total dividend amount stands at Rs. 526,315,789, which includes tax purposes as well.
Special Proposals Passed
Under special proposals, the AGM authorized the Board of Directors to make necessary amendments to the company’s Memorandum of Association (MoA) and Articles of Association (AoA) if directed by the concerned regulatory authorities.
The meeting also approved the company’s expenditures made under Corporate Social Responsibility (CSR) during the fiscal year 2081/82.
Chair Expresses Gratitude
Addressing the AGM, Chair Dr. Ramhari Aryal expressed heartfelt gratitude to all stakeholders who have continuously contributed to the company’s growth and progress.
He thanked the respected shareholders, board members, policyholders, regulatory bodies, reinsurance companies, employees, agents who serve as the backbone of the company, banks and financial institutions, and all well-wishers for their unwavering trust, support, and valuable suggestions.
