Himalayan Life 18th AGM: 8% Cash Dividend & FY 2080/81 Financials
3rd June 2025, Kathmandu
Himalayan Life Insurance Company Limited will conduct its 18th Annual General Meeting (AGM) on Asadh 10, 2082 (June 24, 2025). The meeting will take place at Amrapali Banquet, Bhatbhateni, Naxal, Kathmandu, starting from 10:30 AM.
Himalayan Life 18th AGM
The company’s Board of Directors finalized the AGM date during a meeting held on Jestha 19( June 2).
Dividend Distribution On The Agenda
One of the key proposals of the upcoming AGM is the approval of a cash dividend. The company plans to distribute an 8% cash dividend, including tax, to its shareholders.
This dividend comes from the distributable profits of the fiscal year 2080/81. Himalayan Life currently has a paid-up capital of NPR 9.14 billion. Based on this, the total dividend amount would be around NPR 731.45 million.
The shareholders will vote on this proposal during the AGM.
Review Of Annual Financial Report
The AGM will also include a discussion on the annual report of the Board of Directors for the fiscal year 2080/81. The report will highlight the company’s performance, growth, and financial achievements.
Furthermore, the shareholders will review and approve the company’s audited financial statements. These documents include the balance sheet, profit and loss account, cash flow statement, and related financial schedules.
All financial documents have been prepared following the Nepal Financial Reporting Standards (NFRS).
Subsidiary Company’s Financials
The meeting will also focus on the performance of the company’s subsidiary. Shareholders will discuss and approve the financial statements of Himalayan Investment Bank Limited for the fiscal year 2080/81.
Along with that, they will approve the expenses incurred by the subsidiary during the year.
Appointment Of External Auditor
Another important item on the agenda is the appointment of an external auditor for the fiscal year 2081/82. The Board has proposed reappointing S.C. Lal & Associates, Chartered Accountants, for the role.
Shareholders will decide on this appointment and also approve the auditor’s remuneration during the meeting.
Provision For Regulatory Adjustments
To comply with regulatory requirements, the AGM will propose giving the Board of Directors the authority to adjust any of the AGM’s decisions. If the Insurance Board or other regulatory authorities issue new instructions or request changes, the Board will be empowered to act accordingly.
Approval Of Expenses Under The Company Act
According to Section 105 (1)(Ga) of the Company Act, the AGM will also approve the company’s expenditures for the fiscal year 2080/81. These expenses were incurred during regular business operations and require shareholder approval.
Book Closure For Dividend And AGM Participation
To manage the dividend distribution and finalize the list of eligible shareholders for the AGM, the company will close its shareholders’ register on Jestha 28, 2082 (June 11, 2025).
Only shareholders who hold shares as of Jestha 27, 2082 (June 10, 2025) will be eligible to receive the dividend and attend the AGM.
Significance Of The AGM
This AGM will play a crucial role in shaping the company’s future. Shareholders will get the opportunity to vote on important decisions, assess the financial health of the company, and approve the upcoming strategies.
Through this meeting, Himalayan Life aims to ensure transparency, strengthen trust, and create value for its investors.
The company has been consistent in delivering financial returns to shareholders while maintaining long-term growth. Approving the dividend will reflect its financial strength and commitment to rewarding investors.
Looking Ahead
Himalayan Life Insurance continues to expand its services across Nepal. It has made efforts to modernize insurance operations, serve customers more efficiently, and comply with national financial standards.
By engaging shareholders in key decisions and following best governance practices, the company remains committed to responsible business conduct.
As Himalayan Life prepares for its 18th AGM, shareholders are expected to support the proposed resolutions and help guide the company’s future direction.
For more: Himalayan Life 18th AGM
