Citizen Life Insurance Extends Tenure Of Chairman And Three Other Directors Until Annual General Meeting
22nd July 2026, Kathmandu
Citizen Life Insurance Company Limited has officially decided to extend the tenure of its chairman and three other directors until the company conducts its upcoming Annual General Meeting.
Citizen Life Insurance Extends Tenure Of Chairman
The decision was formalized during a meeting of the Board of Directors held on Shrawan 4 2083. According to the company, the tenure extension was necessary because the terms of four board members representing founder shareholders were set to expire on Shrawan 6, while additional time is required to organize the general assembly.
The temporary extension ensures operational continuity and stability in corporate governance. By maintaining the current leadership structure, the company aims to execute its strategic roadmap smoothly while preparing all necessary audit reports and statutory documentation required for the upcoming shareholder meeting.
List Of Extended Directors And Continuity Of Chairman
The leadership decisions made by the Board of Directors impact key founding members who have guided the strategic direction of the insurance provider.
The board members whose tenures have been extended include the following individuals.
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- Pradeep Jung Pandey, serving as Chairman
- Sumit Kumar Agrawal, representing founder shareholders
- Manoj Karki, representing founder shareholders
- Mahesh Swar, representing founder shareholders
In addition to extending the director seats, the board unanimously voted to retain Pradeep Jung Pandey as the Chairman of the company until the conclusion of the Annual General Meeting.
Board Governance And Shareholders Approval Requirements
Citizen Life Insurance Company Limited emphasized that all temporary tenure extensions remain subject to final regulatory compliance and corporate approval protocols.
The governance process and regulatory next steps involve the following actions.
- The decision was officially approved during the formal board meeting on Shrawan 4 2083.
- The four founder director positions were originally slated to conclude on Shrawan 6.
- The extension provides necessary time to complete annual auditing procedures and publish financial disclosures.
- The extension decisions will be formally presented for final ratification by shareholders during the forthcoming Annual General Meeting.
By securing this extension, Citizen Life Insurance Company Limited maintains administrative leadership stability as it moves toward its annual general assembly.
