Sagarmatha Lumbini Insurance Company Limited (SALICO) has scheduled its 28th Annual General Meeting (AGM) on Baishakh 28, 2082 (May 11, 2025). The meeting will take place at Ranimahal Banquet Pvt. Ltd., Gyaneshwar, Kathmandu, starting at 10:00 AM.
15% Cash Dividend Approved for FY 2080/81
During its 34th Board Meeting on Chaitra 28, SALICO’s board proposed a 15% cash dividend from its paid-up capital of Rs. 2.62 Arba, totaling Rs. 39.33 crore (including taxes). This proposal will be finalized during the AGM. Shareholders registered before Baishakh 17, 2082 (April 30, 2025) are eligible for the dividend and can vote on this agenda.
Key Agendas of the SALICO 28th AGM
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Financial Approvals:
- Approval of the Board’s Annual Report for FY 2080/81.
- Endorsement of audited financial statements, profit/loss accounts, cash flow reports, and schedules as of Ashad 2081.
- Appointment of an auditor for FY 2081/82 and approval of their remuneration. Current auditor J.B. Rajbhandari & Associates (Dibins) may be reappointed.
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Special Proposals:
- Review of meeting allowances and facilities for the Board and sub-committees.
- Approval of corporate social responsibility (CSR) payments made to various organizations.
- Amendments to the company’s Memorandum and Articles of Association based on regulatory guidelines.
Book Closure and Eligibility
The book closure date is set for Baishakh 17, 2082. Only shareholders registered by this date can claim dividends or attend the AGM. Ensure your details are updated with SALICO to avoid missing out.
Why Attend the SALICO 28th AGM?
This AGM is crucial for shareholders to:
- Vote on dividend distribution.
- Review the company’s financial health.
- Influence decisions on governance and CSR activities.
Notice: SALICO 28th AGM 2082
