National Life Insurance to Distribute 15% Dividend, AGM Scheduled for Asar 5
National Life Insurance is set to hold its AGM on Asar 5 to approve a 15% dividend—5% bonus shares and 10% cash, with an additional 0.789% cash for tax purposes. The meeting will also elect new directors and is open to shareholders registered by Jestha 21.
National Life Insurance Company Limited has announced that it will be holding its Annual General Meeting (AGM) on Asar 5, 2081 to endorse dividend proposals and elect new board members.
The company plans to distribute a total dividend of 15 percent for the fiscal year—comprising 5 percent bonus shares and 10 percent cash dividend to its shareholders. Additionally, 0.789 percent cash dividend has been proposed for tax purposes.
Along with dividend approval, the AGM will also address the election of board members, where three directors will be chosen from the promoter group and two from the public shareholder group.
The meeting will take place at the company’s central office in Lazimpat, Kathmandu, starting at 10:30 AM. For the purpose of this AGM, the company had closed its books on Jestha 22, 2081. Only shareholders who held shares until Jestha 21 will be eligible to attend the AGM and receive the proposed dividends.
This move reflects National Life Insurance’s continued commitment to rewarding its investors while reinforcing its strategic governance structure through board elections.