Prabhu Mahalaxmi Life Shares Sale Notice
10th February 2026, Kathmandu
Prabhu Mahalaxmi Life Insurance Limited (PMLI) has officially announced the sale of 155,800 units of promoter (founder) shares. According to the formal notice published on February 10, 2026 (Magh 28, 2082), these shares are being offered to existing promoter shareholders as part of a regulatory process to adjust the company’s internal ownership structure.
Prabhu Mahalaxmi Life Shares
This announcement follows a series of promoter share movements within the company over the last six months, signaling a period of strategic consolidation among its primary investors.
Key Terms of the Share Sale
The sale is governed by the Nepal Insurance Authority’s (NIA) guidelines, which prioritize internal stability by offering founder shares to current promoters before they can be made available to the general public.
Total Units on Offer: 155,800 shares.
Target Group: Existing founder shareholders of Prabhu Mahalaxmi Life Insurance.
Priority Window: Applications must be submitted within 35 days from the notice date (by March 17, 2026).
Location: Physical applications must be delivered to the company’s central office in Kamaladi, Kathmandu.
If no existing promoters express interest within the 35-day period, the company will initiate the second phase of the sale, which may involve an auction for the general public or strategic institutional investors.
Financial Health: Q1 2082/83 Performance
While the promoter share sale addresses ownership dynamics, the company’s recent financial performance provides critical context for potential investors. According to the first-quarter report for the current fiscal year (2082/83):
Net Profit: PMLI recorded a net profit of NPR 6.38 crore for the first three months. While the company remains profitable, this reflects a roughly 49 percent decline compared to the same period last year, primarily due to rising operational costs and shifts in the investment environment.
Paid-up Capital: Following the recent 4 percent bonus share distribution, the company’s paid-up capital has reached NPR 5.30 billion, surpassing the regulatory minimum of 5 billion set by the Nepal Insurance Authority.
Advertisement
Solvency and Reserves: The company maintains a strong solvency ratio, with a total reserve fund of approximately NPR 58.47 crore.
Recent Dividend History
Prabhu Mahalaxmi has maintained a consistent dividend track record despite market volatility. In Poush 2082 (January 2026), the company successfully concluded its Annual General Meeting (AGM) where it endorsed an 8.421 percent total dividend for the fiscal year 2081/82:
Bonus Shares: 4 percent.
Cash Dividend: 4.421 percent (for tax purposes).
This consistency in shareholder returns is a key factor for promoter shareholders deciding whether to increase their stake through the current 155,800-unit offering.
Strategic Significance for Promoters
Founder shares in a life insurance company like PMLI are more than just financial assets; they are instruments of control.
Voting Power: Acquiring a larger portion of the 155,800 units allows a promoter to have a stronger voice in electing the Board of Directors.
Long-term Yield: Unlike public shares which are highly volatile, founder shares are often viewed as long-term holdings that benefit from the steady compounding of the life insurance fund.
Governance Stability: Internal absorption of these shares prevents the entry of “hostile” or unknown external investors during the initial 35-day window.
Conclusion
The sale of 155,800 Prabhu Mahalaxmi Life Shares represents a routine but important realignment of the company’s founder group. With a paid-up capital now exceeding NPR 5.30 billion and a steady history of dividends, the company remains a stable pillar of Nepal’s insurance industry. Current promoters have until the third week of March 2026 to exercise their priority rights before the shares are potentially offered to the wider market.
For More: Prabhu Mahalaxmi Life Shares
