Today is the final opportunity for investors to purchase shares of United Ajod Insurance Limited (UAIL) and become eligible for the company's proposed dividend for the fiscal year 2081/82. The company has scheduled its 32nd Annual General Meeting (AGM) for Ashadh 31, 2083, at Amrapali Banquet Catering & Events, Bhatbhateni, Kathmandu, starting at 10:30 AM.
According to the company, the Board of Directors has approved the audited financial statements, including the balance sheet and other financial reports for FY 2081/82, in accordance with the provisions of the Insurance Act, 2079 and the Insurers' Financial Statement Directive, 2080 issued by the Nepal Insurance Authority. These financial statements will now be submitted to the regulator for final approval.
The company has also received approval from the Nepal Insurance Authority, through a letter dated Ashadh 4, 2083, to distribute dividends for the fiscal year. Following the regulator's approval, the board has recommended distributing a 4.2857% bonus share and a 0.2256% cash dividend (for tax purposes) based on the company's current paid-up capital of Rs. 2.31 billion.
Besides the dividend proposal, shareholders will also consider the approval of the auditor's report, profit and loss account, cash flow statement, and other financial reports for FY 2081/82. The AGM will also appoint an external auditor for the fiscal year 2082/83.
The company has fixed Ashadh 19, 2083, as the book closure date. Therefore, shareholders who maintained their names in the company's register before the book closure will be eligible to receive the proposed dividend and participate in the upcoming AGM.
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