Premier Insurance Company Nepal (PIC) has called its 29th AGM on 29th Poush, 2079. The meeting will be held in Lisara Receptions, Naxal, Kathmandu, starting at 11 am that day.

Among other agendas, the AGM will endorse a 15% dividend for the fiscal year 2078/79. The board of director meeting held on 29th Kartik 2079 proposed a 15% dividend from the paid-up capital. The paid-up capital of the company is Rs. 1.22 Arba. 14.25% bonus shares worth Rs. 17.49 crores and 0.75% cash dividend (including tax) worth Rs 92.07 lakhs have been proposed.

Meanwhile, the AGM will pass a resolution regarding evaluating and endorsing the Due Diligence Audit, Memorandum of Understanding, and Scheme of Arrangement for a merger between PIC and Siddhartha Insurance Company. The companies had inked a merger agreement in a share swap ratio of 1:1, the meeting will also approve a proposal to start the joint transaction under the name "Siddhartha Premier Insurance Limited" after the successful merger.

The book closure date is on Poush 22. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.