Himalayan Reinsurance Appoints Himalayan Investment Banker Limited as New Share Registrar

16th September 2025, Kathmandu

Himalayan Reinsurance Limited has appointed Himalayan Investment Banker Limited as its new share registrar, with the change set to take effect on September 17, 2025.

Himalayan Reinsurance Appoints Share Registrar

This move, which was approved by the company’s Board of Directors, marks a strategic transition from the previous registrar, NMB Capital Limited. The appointment is part of Himalayan Reinsurance’s effort to streamline operations and enhance investor services.

Responsibilities of the New Share Registrar

As the new share registrar, Himalayan Investment Banker Limited will handle all critical shareholder-related activities for Himalayan Reinsurance. The responsibilities of a share registrar, also known as Registrar to the Shares (RTS) in Nepal, include a wide range of administrative and record-keeping functions. These functions are essential for maintaining accurate ownership data and ensuring efficient communication with investors. Specifically, Himalayan Investment Banker will be responsible for maintaining shareholder records, which includes detailed information about who owns the company’s shares. They will also process all types of share transfers, including ownership changes and name corrections, and manage the pledging and release of shares that are used as collateral for loans. Additionally, the new registrar will handle the registration and cancellation of shares and update investor details, such as contact information and addresses, to ensure that all corporate communications and dividend payments are accurate.

Implications for Shareholders

For shareholders of Himalayan Reinsurance, the transition to a new registrar means a change in their point of contact for all share-related services. Previously, any inquiries or requests for share transfers were directed to NMB Capital. Now, as of September 17, 2025, shareholders will need to contact Himalayan Investment Banker for these services. The company has assured investors that the transition will be seamless, and no action is required on their part. All existing shareholder records maintained by NMB Capital will be securely transferred to the new registrar. This strategic decision is seen as a way to improve the quality of customer service and provide investors with a more efficient and transparent process. By partnering with a firm known for its professional and robust systems, Himalayan Reinsurance aims to enhance its overall corporate governance and strengthen its relationship with its growing investor base.

Industry Context

The change in share registrars by Himalayan Reinsurance reflects a broader trend in Nepal’s financial services industry. Many companies are opting to outsource their share registry services to specialized firms that can offer more efficient and technologically advanced solutions. This allows companies to focus on their core business operations while entrusting shareholder services to experts. Himalayan Investment Banker Limited’s experience in providing investment banking and registrar services for a number of other companies positions it as a strong partner for Himalayan Reinsurance. This move is a testament to the company’s commitment to adapting to market demands and improving its services to its shareholders. The decision is also significant for Nepal’s reinsurance sector, as it highlights the importance of professional investor relations for companies in a growing and increasingly competitive market.

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