IGI Prudential Insurance to Hold AGM on January 8, Dividend to Be Approved

19th December 2025, Kathmandu

IGI Prudential Insurance AGM

The board of directors of IGI Prudential Insurance Limited has officially called for its twenty eighth Annual General Meeting which is scheduled to take place on January 8 2026. This significant corporate event will be held at the Amrapali Banquet in Bhatbhateni Kathmandu starting at ten in the morning. The decision to convene the assembly was formalized during a board meeting conducted on December 17, 2025. This meeting is of high importance for the shareholders of the company as it marks the culmination of the financial activities of the last fiscal year and sets the path for the future strategic direction of the insurance provider.

The primary highlight of the upcoming assembly is the formal endorsement of a five percent cash dividend for the shareholders. This dividend proposal was previously recommended by the board of directors based on the financial performance and the current paid up capital of the company. In terms of monetary value this five percent cash dividend including the applicable taxes represents a total distribution of approximately fifteen point fourteen crore Nepalese rupees. With the current paid up capital of the company standing at three point zero two billion rupees this payout demonstrates the commitment of the management to providing regular returns to its investors even as the insurance industry navigates a changing economic landscape.

COMPREHENSIVE FINANCIAL REVIEW AND AUDITOR APPOINTMENTS

Apart from the dividend distribution the Annual General Meeting will serve as a platform for a thorough review of the financial health of the company. The shareholders will deliberate on and pass the annual report for the fiscal year 2081 2026 which includes the auditor report the balance sheet the profit and loss account and the cash flow statement. These documents provide a transparent view of how the company managed its premiums claims and investment income over the past twelve months.

Another standard but vital agenda item is the appointment of an external auditor for the current fiscal year 2082/83. The assembly will also be responsible for fixing the remuneration of the newly appointed auditor. Ensuring independent and rigorous auditing is a cornerstone of corporate governance for insurance companies in Nepal as it builds trust among policyholders and investors alike. The management will also seek approval for the appointment of directors including the formalization of an independent director to the board to further strengthen the oversight mechanisms of the company.

GOVERNANCE AMENDMENTS AND BOARD AUTHORIZATION

The twenty eighth Annual General Meeting will also address several special resolutions aimed at improving the operational framework of the company. One of the key agendas involves making necessary amendments to the Memorandum of Association and the Articles of Association. These fundamental documents define the scope of activities and the internal regulations of the insurance company. The proposed changes are often required to align with new directives from the Nepal Insurance Authority or to adapt to the evolving digital landscape of the insurance sector.

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The board of directors will also seek authorization from the shareholders to implement these amendments and to make any further adjustments that may be requested by regulatory bodies such as the Office of the Company Registrar or the Nepal Insurance Authority. This flexibility allows the management to ensure full compliance with national laws without needing to call for a special general meeting for minor administrative updates. Such proactive governance is essential for maintaining the smooth operation of a large scale financial institution like IGI Prudential Insurance.

BOOK CLOSURE AND DIVIDEND ELIGIBILITY INFORMATION

To determine which shareholders are eligible to attend the meeting and receive the five percent cash dividend the company has announced a specific book closure date. The book closure will take place for one day on Poush 16 2082. This means that the share register will be frozen on that day to finalize the list of beneficiaries.

According to the rules of the Nepal Stock Exchange and the company guidelines only those shareholders who are officially recorded in the NEPSE system up to Poush 14 2082 will be entitled to the dividend and the right to vote during the Annual General Meeting. Investors who purchase shares after this date will not be eligible for this particular dividend payout. This clear timeline allows existing and potential investors to make informed decisions regarding their holdings in the company ahead of the January 8 assembly.

THE EVOLUTION OF IGI PRUDENTIAL INSURANCE IN NEPAL

IGI Prudential Insurance Limited was formed through a historic merger between IME General Insurance and Prudential Insurance Company. Since commencing joint operations in Baisakh 2080 the entity has worked toward consolidating its market position and streamlining its service delivery. The current fiscal reports reflect the first full years of operation as a merged entity and the upcoming Annual General Meeting provides an opportunity for the management to present the synergies achieved through this merger.

The company continues to expand its product portfolio offering a wide range of non life insurance solutions including motor insurance travel insurance and health insurance. By leveraging its increased capital base and a wider branch network the company is aiming to capture a larger share of the insurance market in Nepal. The five percent dividend is a signal of stability and a promise of continued growth for the stakeholders who have supported the company through its integration phase.

CONCLUSION AND SUMMARY OF THE EVENT

In conclusion the twenty eighth Annual General Meeting of IGI Prudential Insurance Limited is a landmark event that reinforces the transparency and investor friendly approach of the company. With a clear agenda focused on dividend distribution financial accountability and governance improvements the meeting on January 8 will be a vital day for all associated with the firm. Shareholders are encouraged to attend the session at Amrapali Banquet to participate in the decision making process and to hear directly from the leadership about the future prospects of the company.

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