Nepal Life Insurance Announces Date for Annual General Meeting

Kathmandu – The Nepal Life Insurance company has announced that its Annual General Meeting (AGM) will take place February 10, 2025, at 1:00 PM at Hotel Vishuwa, Birgunj, Pasauni.

The meeting will review and approve the Annual Progress Report for Fiscal Year 2080/81 presented by the Board of Directors. Discussions will also be held on financial statements, including the balance sheet, profit and loss account, and cash flow statement, along with the auditor’s report. The AGM will consider reappointing P.L. Shrestha & Company as auditors for the Fiscal Year 2081/82 and determining their remuneration.

Additionally, the company plans to distribute a 10 percent bonus share of the existing paid-up capital and approve the corresponding increase in authorized and paid-up capital. Cash dividends, including tax, will also be discussed. Three directors representing the public shareholders’ group will be elected during the meeting.

Special proposals include amending the company’s Articles of Association and Memorandum of Association as necessary and authorizing the Board of Directors to implement any regulatory directives.

Shareholders attending the meeting are required to bring their share ownership certificate, invitation letter, or valid identification document. Shareholders wishing to appoint a proxy must submit their proxy forms by February 6, 2025. The company’s share transfer book will remain closed on January 23, 2025, and only shareholders listed by January 22, 2025 will be eligible to attend and receive dividends.

Further details are available at the company’s central office in Kamaladi, Kathmandu. Shareholders are encouraged to arrive early, as attendance registration will begin at 8:00 AM on the day of the meeting.