Nepal Life Investment Holds First Annual General Meeting

Kathmandu – Nepal Life Investment Company successfully concluded its first annual general meeting (AGM) today under the chairmanship of Amit Kumar Kayal, Chairman of the Board of Directors.

The AGM endorsed the financial statements for the fiscal year 2081/82, including the balance sheet, profit and loss account, and cash flow statement. It also appointed P. L. Shrestha & Company as the auditor for the fiscal year 2082/83.

Addressing the meeting, Chairman Kayal highlighted the company’s commitment to establishing Nepal Life Investment as an exemplary institution through structural reforms, adherence to corporate governance, strong internal controls, training and research, scientific investment diversification, and global investment practices. Chief Executive Officer Subhash Thapa also presented the company’s progress report for 2081/82 along with strategic plans for 2082/83.

Speaking at the event, Director of Nepal Life Insurance Company and main shareholder, Kamlesh Kumar Agrawal, expressed satisfaction over the timely completion of the first AGM and urged the management to ensure safe investments that generate strong returns, emphasizing that the company handles funds collected from insured clients. Similarly, Nepal Life Insurance CEO Praveen Raman Parajuli stressed the importance of making investments at the right time and place while safeguarding the principal investment. He further encouraged the company to leverage the brand reputation of Nepal Life Insurance to drive growth.

The AGM also expressed gratitude to the directors who served until the first annual meeting and approved the appointment of four new directors—Kamlesh Kumar Agrawal, Krishnaraj Lamichhane, Praveen Raman Parajuli, and Amit Kumar Kayal—nominated by Nepal Life Insurance Company.

Following the AGM, the newly formed Board of Directors elected Kamlesh Kumar Agrawal as the new Chairman. All newly appointed directors have officially assumed office.