Shikhar Insurance Calls AGM; Key Agendas Announced

21st December 2025, Kathmandu

Shikhar Insurance Company Limited has officially called for its twenty first Annual General Meeting which is scheduled to take place on Poush 29 2082. The board of directors of the company met on a recent Friday to finalize the details for this important assembly. The meeting will be held at the head office of the company located at the Shikhar Biz Center in Thapathali Kathmandu beginning at eleven in the morning.

Shikhar Insurance Calls AGM

This annual event serves as a platform for the company to present its financial results to its stakeholders and obtain necessary approvals for various strategic and administrative decisions. As a leading non life insurance provider in Nepal the annual meeting of Shikhar Insurance is closely watched by investors and industry analysts alike for insights into the health of the insurance sector.

Dividend Proposals and Shareholder Returns

The primary agenda for the twenty first Annual General Meeting is the approval of the dividend distribution for the fiscal year 2081/82. The board has proposed a total dividend of six point three one five eight percent for its shareholders. This dividend is structured into two components to satisfy both the growth needs of the company and the tax requirements of the investors. The first part consists of a six percent bonus share issuance which will increase the paid up capital of the company. The second part is a zero point three one five eight percent cash dividend which is specifically intended to cover the dividend tax on both the bonus shares and the cash component.

By opting for bonus shares Shikhar Insurance is demonstrating its commitment to strengthening its capital base. In the insurance industry a higher capital base allows a company to take on more risk and expand its underwriting capacity which is essential for long term growth. For the shareholders receiving bonus shares means they will own a larger number of shares in the company which can lead to higher total returns if the market price remains stable or increases over time. The inclusion of a cash portion for tax purposes is a standard practice in the Nepal Stock Exchange to ensure that shareholders do not have to pay the tax out of their own pockets.

Board Elections and Corporate Governance

Another significant item on the agenda for this year Annual General Meeting is the election of directors. The company has announced that it will elect two directors specifically from the group representing the public shareholders. This is a vital part of maintaining a balanced and democratic board where the interests of small and retail investors are represented alongside the promoters. Furthermore the assembly will be asked to endorse the previous decision of the board to appoint Ashmank Karki as a director. This appointment followed the resignation of Dinesh Braj Bajracharya and the new director will serve until the conclusion of the upcoming meeting unless officially elected for a full term.

The meeting will also see the standard presentation and approval of the financial statements for the previous fiscal year. This includes the review of the annual report and the auditor report which provide a transparent look at the premium income claims payments and management expenses of the company. Transparency in these financial disclosures is fundamental to maintaining the trust of policyholders and investors. Additionally the shareholders will participate in the appointment of a statutory auditor for the current fiscal year 2082 2083 and determine their remuneration ensuring that the auditing process remains independent and professional.

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Regulatory Amendments and Operational Flexibility

Shikhar Insurance is also seeking a special resolution to authorize the board of directors to make necessary amendments to the Memorandum and Articles of Association. This authorization is crucial because the insurance landscape in Nepal is subject to frequent regulatory changes and directives from the Nepal Insurance Authority. By having this prior approval the board can quickly implement changes to the corporate documents as recommended or directed by regulatory bodies without needing to wait for the next annual meeting. This flexibility is essential for maintaining smooth operations and ensuring full compliance with the law at all times.

Book Closure and Eligibility for Shareholders

To manage the distribution of the six percent bonus shares and the cash dividend accurately the company has announced a book closure period. The books will be closed starting from Poush 14 2082 and will remain closed until the conclusion of the Annual General Meeting. This means that only those shareholders who are officially registered in the records of the company up to Poush 14 will be eligible to participate in the voting process at the meeting and receive the proposed dividends.

Investors who wish to be a part of this dividend cycle must ensure that their share purchases are settled and that the shares are credited to their Demat accounts before the book closure date. The company has moved toward digital processes and the bonus shares will be directly credited to the Demat accounts of the eligible shareholders while the cash portion will be sent to their linked bank accounts once the meeting provides the final approval. This efficient system ensures that all eligible participants receive their benefits in a timely and secure manner.

Market Standing of Shikhar Insurance

Shikhar Insurance continues to be a dominant force in the non life insurance market of Nepal. Despite the challenges posed by economic fluctuations and the competitive landscape the company has managed to maintain a strong portfolio in various sectors including motor insurance property insurance and specialized aviation insurance. The consistent track record of providing dividends even if they vary in size year to year highlights the financial discipline of the management. The 2081 2082 results expected to be discussed at the meeting will likely show how the company has leveraged its brand value and extensive branch network to drive premium growth.

In conclusion the twenty first Annual General Meeting on Poush 29 is a key event for everyone associated with Shikhar Insurance Company Limited. From the distribution of bonus shares to the election of new directors and the adoption of governance amendments the meeting will set the tone for the next year of the operations of the company. Shareholders are encouraged to attend the meeting at the Shikhar Biz Center to voice their opinions and engage with the leadership team about the future prospects of the firm.

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