Himalayan Life Insurance 18th AGM: 8% Cash Dividend Proposed For June 24 in Nepal
22nd June 2025, Kathmandu
Himalayan Life Insurance Limited will hold its 18th Annual General Meeting on Ashadh 10 (June 24). The company’s Board of Directors, in a meeting held on Jestha 19 (June 2), has scheduled the meeting at Amrapali Banquet, Naxal, at 10:30 AM.
Himalayan Life Incurance 18th AGM
The meeting will approve the proposal to distribute an 8% cash dividend (including tax) from the accumulated profit of the last fiscal year on the company’s paid-up capital of NPR 914,323,700.
Additionally, the meeting will approve the annual report, auditor’s report, and other financial statements of the previous fiscal year. It will also appoint the auditor for the current fiscal year and determine their remuneration.
The meeting will grant authority to the Board of Directors to make necessary amendments to the company’s Articles of Association and bylaws. It will also approve the expenses incurred during the previous fiscal year.
For the purpose of the meeting and dividend distribution, the company has already closed the share register for one day on Jestha 28 (June 11). Therefore, only shareholders registered on NEPSE as of Jestha 27 (June 10) are eligible to attend the meeting and receive dividends.
About Himalayan Life Insurance
Himalayan Life Insurance Limited is a major life insurer in Nepal. It started operations in May 2023 after merging three companies: Prime Life, Gurans Life, and Union Life Insurance. The company has an authorized capital of NPR 10 billion and a paid-up capital of NPR 8.02 billion. Promoters own 51%, and the public holds 49%.
By the third quarter, Himalayan Life Insurance earned a net profit of NPR 472.4 million, growing 8.49% from last year. Its life insurance fund reached NPR 73.77 billion. The company aims to be a top financial institution by offering trusted insurance solutions. It focuses on customer education, human resource development, and technology.
Himalayan Life offers diverse products, including child plans, endowment, money-back, retirement, term, whole-life, and women’s plans. The company also engages in social responsibility and honors its dedicated employees.
For more:- Himalayan Life Insurance 18th AGM
