Himalayan Life Insurance’s 18th AGM Concludes, Approves 8% Cash Dividend

Kathmandu – The 18th Annual General Meeting (AGM) of Himalayan Life Insurance Limited concluded today at Amrapali Banquet, Naxal, Kathmandu, with the approval of key financial and operational agendas for the previous fiscal year.

The meeting approved a proposal to distribute an 8 percent cash dividend (including tax) from the accumulated profit of the last fiscal year. Based on the company’s paid-up capital of Rs. 9.14 billion, shareholders recorded in the NEPSE books by 27th Jestha (June 10) will be eligible to receive the dividend.

The AGM also endorsed the annual report and the auditor’s report of the previous fiscal year. It finalized the appointment of an auditor for the current fiscal year and determined the remuneration accordingly.

In addition, the meeting passed a proposal authorizing the board of directors to amend the company’s memorandum of association and regulations as required. The expenses incurred in the last fiscal year were also approved.

Chairman of the Board, Shulav Agrawal, expressed gratitude to all shareholders present and pledged to conduct the next AGM on schedule. He also assured appropriate remuneration and emphasized continued efforts toward strengthening the company’s performance.