Guardian Micro Life Insurance Concludes Third Annual General Meeting, Approves 100 Percent Rights Share Issuance

30th December 2025, Kathmandu

In a significant display of corporate governance and strategic expansion, Guardian Micro Life Insurance Limited successfully concluded its Third Annual General Meeting on Poush 14, 2082. Held in Biratnagar at the Hotel Airport, the meeting was chaired by Udeep Shrestha, Chairman of the Board.

Guardian Micro Life AGM

This particular session was historic for the company as it marked the first AGM conducted after its transition into a publicly held entity following its successful public share issuance. Furthermore, Guardian Micro Life Insurance distinguished itself by becoming the first insurance company in Nepal to complete its annual general meeting for the fiscal year 2081/82, setting a benchmark for efficiency and regulatory compliance within the national insurance industry.

STRATEGIC APPROVAL OF 1:1 RIGHTS SHARE ISSUANCE

The most critical resolution passed during the 3rd AGM was the unanimous approval of a 100 percent rights share issuance. The company, which currently operates with a paid-up capital of 750 million rupees, will issue additional shares in a 1:1 ratio. This means that existing shareholders will have the right to purchase one new share for every single share they currently hold. This move is specifically designed to double the company’s capital base, providing the financial depth required to expand its micro-insurance products and meet the long-term capital adequacy requirements set by the Nepal Insurance Authority. By opting for a rights issue over a dividend distribution, the bank is prioritizing institutional strengthening and future growth.

FINANCIAL PERFORMANCE AND OPERATIONAL GROWTH

During the meeting, Chief Executive Officer Chirayu Bhandari presented the financial highlights for the fiscal year 2081/82. Despite being in only its third year of operation, Guardian Micro Life Insurance recorded a net profit of 4.07 million rupees. While the company decided not to distribute cash or bonus dividends this year to focus on capital accumulation, the profit figure demonstrates a steady and sustainable growth trajectory in the competitive micro-life insurance segment. The CEO emphasized that the company’s focus remains on financial inclusion, specifically targeting underserved and low-income populations who previously had limited access to life insurance products.

GOVERNANCE AND REGULATORY COMPLIANCE

The AGM served as a platform to formalize several key administrative and governance decisions. Shareholders approved the Board of Directors’ report and the audited financial statements, while also appointing the external auditor for the upcoming fiscal year 2082/83. The presence of Preeti Dev, the Provincial Head of Koshi Province from the Nepal Insurance Authority, added regulatory weight to the proceedings. Her participation highlighted the regulator’s oversight and support for the micro-insurance sector, which is viewed as a vital component for social security in Nepal. The board was also authorized to increase the authorized and issued capital as needed to facilitate future expansions.

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COMMITMENT TO SOCIAL RESPONSIBILITY AND CSR

Reflecting its identity as a socially conscious micro-insurer, Guardian Micro Life Insurance utilized the AGM to approve specific expenditures under its Corporate Social Responsibility (CSR) initiatives. A significant portion of these funds is dedicated to supporting maternal and child healthcare services. This alignment between business operations and social welfare is central to the company’s mission. By providing financial protection to vulnerable families and directly funding healthcare support, the company is building a brand that is deeply integrated with the well-being of the communities it serves. This approach is expected to foster long-term loyalty among its policyholders.

SHAREHOLDER ELIGIBILITY AND THE BOOK CLOSURE PROCESS

To facilitate the meeting and the subsequent rights issuance process, the company followed a strict book closure schedule. The share register was closed for one day on Mangsir 29, 2082. Consequently, only those investors who were registered shareholders in the Nepal Stock Exchange (NEPSE) records by Mangsir 25, 2082, were eligible to participate in the voting process and attend the meeting. This transparency in shareholder records ensures that the benefits of the rights share issuance are distributed fairly and in accordance with the prevailing securities laws of Nepal.

EXPANDING OUTREACH IN THE MICRO INSURANCE MARKET

The 100 percent rights share issuance is a clear signal that Guardian Micro Life Insurance plans to aggressively expand its market presence. With the additional 750 million rupees in capital, the company will be better equipped to handle higher risk volumes and introduce more diversified micro-insurance schemes. Micro-insurance is a specialized field that requires a wide outreach network and simplified product structures. The company’s strategic direction involves utilizing its increased capital to enhance its digital sales channels and strengthen its partnership with local agents and community organizations, ensuring that insurance coverage reaches the most remote areas of the country.

CONCLUSION AND THE ROAD AHEAD FOR GUARDIAN MICRO LIFE

In conclusion, the successful conclusion of the 3rd AGM of Guardian Micro Life Insurance Limited represents a turning point in its corporate journey. The approval of the 1:1 rights share issuance provides the foundation for significant capital growth and operational expansion. Under the leadership of Chairman Udeep Shrestha and CEO Chirayu Bhandari, the company is transitioning from a new entrant to a stabilized and growth-oriented player in the life insurance market. Shareholders can look forward to a more robust and financially secure institution that is committed to both profitability and social empowerment.

For More: Guardian Micro Life AGM