Asian Life Annual General Meeting Announces Key Agendas
2nd February 2026, Kathmandu
Asian Life Insurance Company Limited has officially called for its 18th Annual General Meeting (AGM), scheduled to take place on Falgun 11, 2082. This critical corporate event follows a period of significant capital restructuring and financial growth for the company.
Asian Life AGM
The meeting, which will be held at Hotel Classic in Simara, Bara, starting at 1:00 PM, is expected to formalize the distribution of dividends from the fiscal year 2081/82 and set the strategic course for the upcoming business cycle.
Dividend Distribution and Shareholder Rewards
The primary agenda of the Asian Life Annual General Meeting centers on the endorsement of a 10.5263 percent total dividend proposed by the Board of Directors. This payout is a strategic blend designed to reward current shareholders with liquidity while simultaneously strengthening the company’s internal capital reserves through a bonus share issuance.
Bonus Shares: The company has proposed a 5 percent bonus share distribution. Based on the current paid-up capital of approximately 5 billion rupees, this will result in the issuance of new shares worth 25 crore rupees.
Cash Dividend: A 5.5263 percent cash dividend has been proposed, which includes the amount necessary for tax purposes on both the bonus and cash components. This amounts to approximately 27.63 crore rupees in total cash payout.
Capital Expansion and Right Share Integration
The Asian Life Annual General Meeting will also address the formalization of the company’s increased capital base. Recently, Asian Life Insurance successfully listed 1.42 crore units of right shares (issued at a 1:0.42 ratio) on the Nepal Stock Exchange (NEPSE). This rights offering increased the company’s paid-up capital from 3.39 billion rupees to approximately 5.01 billion rupees.
The approval of the 5 percent bonus shares during this AGM will further elevate the paid-up capital to approximately 5.26 billion rupees. This continuous capital expansion is part of the broader regulatory requirement for life insurance companies in Nepal to maintain a minimum paid-up capital of 5 billion rupees.
Book Closure and Investor Eligibility
To determine the eligibility for the proposed 10.5263 percent dividend and participation in the Asian Life Annual General Meeting, the company has announced a mandatory book closure date of Magh 29, 2082.
Advertisement
Eligibility Deadline: Only shareholders who hold shares and are registered in the company’s books by the end of business on Magh 28, 2082, will be eligible for the dividend and have voting rights at the AGM.
Market Impact: Historically, the days leading up to the book closure date often see increased trading volume as investors look to secure their positions to receive the announced corporate benefits.
Financial Performance and Statutory Reports
During the Asian Life Annual General Meeting, shareholders will review the audited financial statements for the fiscal year 2081/82. Recent quarterly reports for 2082/83 indicate a positive trajectory, with the company reporting a net profit of 15.25 crore rupees in the first quarter, representing a 14.69 percent increase compared to the previous year.
The AGM will also involve:
Appointment of Auditor: Selecting an external auditor for the 2082/83 fiscal year and determining their remuneration.
Amendments to Governing Documents: Approving changes to the Memorandum of Association and Articles of Association to reflect the new capital structure and updated business objectives.
Life Insurance Fund: Reviewing the status of the Life Insurance Fund, which stood at a significant 48.48 billion rupees as of the end of the first quarter of 2082/83.
Conclusion and Strategic Outlook
The 18th Asian Life Annual General Meeting marks a transition point where the company shifts from a phase of rapid capital raising via right shares to a phase of reward and stabilization through dividends. With its paid-up capital now exceeding the 5 billion rupee regulatory threshold and a robust life fund, the company is well-positioned to expand its market share in the competitive life insurance sector. For investors, the combination of a 5 percent bonus share and over 5 percent cash dividend provides a balanced return that reflects the company’s underlying financial strength.
For More: Asian Life AGM
