Himalayan Reinsurance Concludes 4th AGM, Approves 4.5% Bonus Shares

Kathmandu – Himalayan Reinsurance Limited, the first private-sector-promoted reinsurance company in Nepal, held its fourth Annual General Meeting (AGM) at Nepal Pragya Pratishthan, Kamaladi. The meeting, held on Jestha 25, 2082 (June 8, 2025), approved several key proposals, including the distribution of dividends and strategic amendments to the company’s governing documents.

The AGM endorsed the annual report of the previous fiscal year, along with the audited financial statements and the auditor’s report. It also approved the appointment of an auditor for the current fiscal year and fixed their remuneration.

In a major decision, shareholders approved the distribution of bonus shares worth Rs 468 million, equivalent to 4.5 percent of the company’s current paid-up capital of Rs 10.40 billion. Additionally, a cash dividend of Rs 24.6 million was sanctioned to cover the tax obligations arising from the bonus distribution.

The AGM also passed a resolution granting the Board of Directors full authority to make amendments, changes, or improvements to the company’s Articles of Association and Regulations, in line with any future directives from the regulatory authority.

Himalayan Reinsurance has made a mark in Nepal’s financial landscape as the only reinsurance company in the country rated by an international credit rating agency. It holds a B+ financial strength rating from AM Best, a globally recognized insurance rating agency. This achievement underscores the company’s growing credibility in the global market.