Lumbini General Insurance Company Limited (LGIL) is assembling its thirteenth Annual General Meeting (AGM) today (Poush 14, 2074). The AGM is being held at Amritbhog, Dillibazar, Kathmandu at 11:00 AM.
The primary plans of the AGM are:
To support 12.82% reward offer and Rs 52,63,158 money profit (for assess reason) from the net benefit of FY 2073/74.
To lead decision of Board of Directors (BOD).
To expand the paid up capital from Rs 78 crore to Rs 88 crore.
To alter the Memorandum of Association (MOA) and Articles of Association (AOA).
Different plans of the AGM are major budgetary features of the FY 2073/74 and arrangement of reviewer for the FY 2074/75.
The book conclusion date for the AGM was determined to Mangsir 29, 2074. In this way, just those investors holding their offers till Mangsir 28, 2074 i.e. one day in front of the book conclusion date are qualified to take an interest in the AGM and proposed profit.
Its current paid up capital stands at Rs 78.30 crore. It had drifted 100% right offers to its investors. In this way, after change of extra offers, its paid up capital will reach to Rs 88.30 crore. To meet the capital prerequisite of Rs 1 arba, it should additionally climb its capital by Rs 11.70 crore (around 13%).
It had earned Rs 3.90 crore in the primary quarter of the FY 2074/75.