Kathmandu. The third annual general meeting of Jyoti Life Insurance Company Limited has been concluded. A general meeting was held at the company's corporate office in Gyaneshwar today. The meeting was attended by directors of the company, shareholders, representatives of regulatory bodies, chief executive, senior management officials and employees.

 During the presentation of the annual report at the general meeting, the chairman of the company collected the first premium and renewal fee of Rs. The company has made short-term and long-term investments in various banks and financial institutions with an average return of 10.50 percent. The company has managed to earn a net profit of Rs 187.232 million this fiscal year.

The general assembly passed the report of the board of directors, audit report of FY 075/76, profit and loss account, cash flow statement and passed the proposal to appoint auditor for FY 076/77. 30 percent of the total issued capital allocated to the public by the General Assembly. It has been informed that all the proposals including the special proposal to issue ordinary shares worth Rs. 660 million have been passed unanimously.

At the meeting, Chief Executive Officer Prakash Bikram Khatri briefed about the latest progress details. With the price reaching 120.79, the share book price has also increased by 11.17 percent in this Fiscal Year as compared to the previous Fiscal Year.