Sun Nepal Life AGM (8th and 9th) Successfully Concluded

11th January 2026, Kathmandu

Sun Nepal Life Insurance has successfully conducted its 8th and 9th Annual General Meetings (AGM), marking an important milestone for the company’s governance and shareholder engagement. The joint meetings were held on Friday, Poush 25, 2082 (January 9, 2026), at Amritbhog Caterers in Kalikasthan, Kathmandu. Under the chairmanship of Board Chairperson Anuj Kyal, the assembly saw participation from key management officials and a significant number of shareholders.

Sun Nepal Life AGM

The AGMs provided a platform for reviewing financial performance for two consecutive fiscal years, approving statutory reports, and deciding on a substantial dividend distribution. The events also reinforced transparency and adherence to the Nepal Financial Reporting Standards (NFRS), which are crucial for sustaining investor confidence in the rapidly evolving insurance sector of Nepal.

Approval of Financial Statements

During the AGMs, shareholders reviewed and approved the annual reports and financial statements for the fiscal years 2080/81 and 2081/82. The reports covered the company’s comprehensive balance sheet, profit and loss accounts, equity changes, and cash flow statements.

The approval of these documents confirms that Sun Nepal Life Insurance maintains robust financial reporting practices. This dual-year approval process ensures that all backlog regulatory requirements are met, providing a clear view of the company’s operational health to both current shareholders and potential institutional investors.

Dividend Declaration for Fiscal Year 2081/82

One of the most anticipated outcomes of the meetings was the approval of a total dividend of 20.2632 percent for shareholders. This distribution is calculated based on the current paid-up capital of the company.

The dividend structure consists of:

Bonus Shares: 5 percent of the paid-up capital.

Cash Dividend: 15.2632 percent (this figure includes the amount allocated for tax purposes related to both bonus and cash dividends).

The dividend will be distributed from the company’s distributable profit for the fiscal year 2081/82. With the company’s total paid-up capital currently standing at NPR 5,031,232,000 (Five billion thirty-one crore twenty-three lakh thirty-two thousand), this payout reflects strong liquidity and a commitment to returning value to owners while maintaining a solid capital base for future growth.

Auditor Appointment and Governance

The AGMs also approved the appointment of an external auditor for the upcoming fiscal year 2082/83. Ensuring continuous auditing by independent firms is a cornerstone of corporate governance in Nepal, as it enhances financial oversight and maintains compliance with the directives issued by the Nepal Insurance Authority.

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Furthermore, the meeting authorized the Board of Directors to make necessary amendments to the Memorandum of Association and Articles of Association. This allows the bank to increase its authorized capital and adapt to any new regulatory suggestions or directives from the governing bodies.

Leadership and Management Remarks

During the AGM, Director Kiran K.C. expressed gratitude to the shareholders for their continued support, emphasizing that the company’s primary focus remains on operational excellence and digital transformation.

The current management team leading these initiatives includes:

Chief Executive Officer: Raj Kumar Aryal

Senior Deputy CEO: Kabi Phuyal

Chief Operating Officer / Company Secretary: Binod Sharma Paudel

The proceedings were conducted with a focus on shareholder rights, allowing for a detailed question and answer session where investors could inquire about the company’s expansion into rural areas and its new health insurance products launched for 2026.

Significance for Shareholders and Investors

The Sun Nepal Life Insurance 8th and 9th AGMs reflect a stable governance framework and a high-yield return policy. The approval of a 20.2632 percent dividend is particularly significant in the current market, as it signals financial reliability. Investors who held shares prior to the book closure date of Poush 14, 2082, are entitled to receive these payouts.

With clear reporting and a transparent governance framework, Sun Nepal Life Insurance continues to position itself as a leading life insurance provider. The company’s focus on diversifying its portfolio—ranging from endowment plans to term life assurance—provides a robust foundation for sustainable long-term value.

Conclusion

Sun Nepal Life Insurance’s successful conduct of its combined AGMs marks another significant step in the company’s growth trajectory. By approving two years of financial statements and declaring a generous dividend, the company has reinforced its reputation for transparency and strong governance. These initiatives are expected to solidify its standing in the competitive insurance market, providing a secure and profitable environment for its stakeholders.

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