Kathmandu. IME Life Insurance Company has concluded its ninth annual general meeting. The company’s AGM was held on Thursday.

The AGM of the company was held at Diyo Mahal in Dhumbarahi, Kathmandu. The AGM of the company has approved the dividend to be distributed to its investors from the profit of the last fiscal year.

The company has approved a proposal of distributing a cash dividend of Rs 526,315,789 (including tax purposes) at the rate of 10.52632 per cent of its paid-up capital from the distributable profit of FY 2081÷082.

Similarly, the AGM approved the Board of Directors Report (FY 2081/082), Financial Statement (Statement of Balance Sheet, Statement of Profit or Loss, Statement of Cash Flow and related schedule) for FY 2081÷/82. The meeting also approved a proposal to appoint an external auditor of the company for the fiscal year 2082÷083 and determine his/her remuneration.

Under the special resolution, the meeting passed a resolution authorizing the Board of Directors to make any changes if directed by the body recording the Memorandum of Association and Articles of Association of the company. The meeting also approved the expenses incurred by the company under Corporate Social Responsibility (CSR) for the fiscal year 2081÷082.

Chairman and Chairman of the Board of Directors, Dr. Speaking at the meeting, Mr. Aryal expressed his confidence to the shareholders, board members and the company for their invaluable suggestions and support in the progress and progress of the company.