Sagarmatha Insurance Tabled its Report

Sagarmatha Insurance Company (SIC) tabled its report in the 13th annual general meeting held on Wednesday. Chairman Ram Krishna Manandhar said SIC had 10.92 per cent growth in 2008-09 compared to the preceding fiscal year. To shareholders, SIC will distribute 11 per cent of its paid-up capital as cash dividend and 10 per cent bonus shares. Ram Krishna Manandhar, Padma Jyoti, Lokmanya Golchha, Divyamani Rajbahandari, Ashok Kumar Todi from Group A, Ajith R Gurbardane and Patrick Elvis from Group B and Ram Bahadur Adhikari from Group C were elected members of the executive committee.