Himalayan Everest Insurance AGM Dividend approval at its 32nd AGM
20th January 2026. Kathmandu
Himalayan Everest Insurance Company Limited is convening its 32nd Annual General Meeting (AGM) today, marking a key corporate event for the insurer and its shareholders. The assembly is being held at the Anmol Banquet in Shankhamul, Kathmandu, starting from 11:00 AM. This meeting is particularly significant as it serves as the first major gathering of shareholders following the successful merger between Himalayan General Insurance and Everest Insurance, reflecting the consolidated entity’s first full year of integrated operations.
Himalayan Everest Insurance AGM
The primary highlight of today’s proceedings is the formal approval of an 8 percent cash dividend for the fiscal year 2081/82. This dividend, as proposed by the company’s Board of Directors, signifies the insurer’s financial resilience and its ability to generate distributable profits while navigating the post-merger integration phase and evolving regulatory capital requirements.
Details of the 32nd Annual General Meeting
The AGM of Himalayan Everest Insurance (HEI) is being conducted in strict accordance with the Companies Act and the directives of the Nepal Insurance Authority. As the highest decision-making body, the AGM allows shareholders to exercise their oversight functions. During the meeting, the Board of Directors is presenting the annual report, which provides a comprehensive overview of the company’s market share, premium growth, and claim settlement efficiency.
Shareholders are also reviewing the audited financial statements, including the balance sheet, profit and loss account, and cash flow statements. The approval of these documents is a critical step in maintaining corporate transparency and ensuring that the company’s financial health is accurately reported to the public and regulatory bodies.
Proposal for 8 Percent Cash Dividend Distribution
A major agenda item for today is the ratification of the 8 percent cash dividend. Calculated on the company’s current paid-up capital of approximately Rs 2.50 billion, this payout amounts to a total of Rs 20 crore (inclusive of tax). This move is designed to provide immediate liquidity to investors, which is often preferred in a high-interest-rate environment where cash returns are highly valued.
Upon final approval during today’s session, the company will initiate the electronic transfer of funds directly into the bank accounts linked to the shareholders’ Demat accounts. This automated process ensures that the Himalayan Everest Insurance AGM dividend reaches its beneficiaries efficiently and without the need for physical visits to the bank.
Shareholder Eligibility and Book Closure
To manage the distribution process, the company implemented a “Book Closure” on Poush 21, 2082. Consequently, only those investors who were registered as shareholders on the Nepal Stock Exchange (NEPSE) until the close of business on Poush 20, 2082, are entitled to:
Attend and vote during today’s 32nd AGM.
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Receive the 8 percent cash dividend.
Investors who purchased HEI shares after this date will not be eligible for this specific payout, as the “ex-dividend” status took effect following the book closure.
Strengthening Governance: Auditor Appointment and Financial Oversight
Beyond the dividend, the AGM is focused on long-term governance. Shareholders are tasked with appointing an external auditor for the fiscal year 2082/83 and fixing their remuneration. This independent oversight is essential for maintaining the integrity of the insurer’s financial reporting, especially given the complexities of managing a merged entity with diverse asset portfolios.
The meeting also provides a forum for shareholders to discuss the company’s strategic direction, including its expansion into digital insurance products and its initiatives to improve the “solvency ratio,” a key metric monitored by the Nepal Insurance Authority to ensure that insurers can meet their long-term obligations to policyholders.
Market Outlook and Investor Confidence
Himalayan Everest Insurance has established itself as one of the most stable non-life insurance players in Nepal. By consistently adhering to its AGM schedule and maintaining a disciplined dividend policy, the company reinforces its credibility among both retail and institutional investors. Market analysts suggest that the 8 percent cash dividend is a prudent choice, as it balances the need to reward shareholders with the necessity of retaining sufficient capital for business expansion.
As the company moves into the remainder of the 2082/83 fiscal year, it is expected to leverage its increased capital base and expanded branch network to compete more aggressively in the motor, fire, and engineering insurance segments.
Conclusion
The Himalayan Everest Insurance AGM marks a successful milestone in the company’s journey as a merged entity. With the approval of the 8 percent cash dividend and a clear focus on transparent financial reporting, the insurer has demonstrated its commitment to sustainable growth and shareholder value. Eligible investors can expect their dividend deposits shortly, while the broader market will be watching the company’s performance as it implements its post-AGM strategic goals.
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