IME Life Insurance to Hold Annual General Meeting to Approve Dividend; Book Closure Date Announced
16th December 2025, Kathmandu
IME Life Insurance Company Limited, a prominent player in Nepal’s private life insurance sector, has officially announced the convening of its 9th Annual General Meeting (AGM). The primary objective of this assembly is to seek formal shareholder approval for the dividend distribution proposed for the previous fiscal year. The decision to call the general meeting was finalized during a meeting of the company’s Board of Directors held on December 15, 2025 (Mangsir 29, 2082).
IME Life Book Closure
As per the official notification, the AGM is scheduled to take place on January 8, 2025 (Poush 24, 2082). The formal proceedings will commence at 10:00 a.m. at Diyo Mahal, located in Dhumbarahi, Kathmandu. This meeting serves as a critical governance platform where the leadership interacts with its shareholders to review the company’s financial health, strategic trajectory, and commitment to rewarding its investors.
Dividend Proposal and Financial Overview
The core agenda of the 9th AGM revolves around the distribution of profits accumulated during the Fiscal Year 2080/81. Following a thorough review of the company’s financial performance and capital requirements, the Board of Directors has proposed a significant payout to its shareholders.
Cash Dividend Approval: The AGM will deliberate on the proposal to distribute a cash dividend of 10.52632 percent. This dividend rate is calculated based on the company’s current paid-up capital, which stands at 5 billion Nepalese Rupees. Notably, the proposed percentage is inclusive of the applicable tax on dividends, meaning the net amount received by shareholders will be adjusted for tax as per prevailing laws.
Financial Sustainability: The proposed dividend, worth approximately 526.3 million Nepalese Rupees, reflects the company’s steady profitability and sound financial management. By opting for a cash-based return, the company aims to provide direct liquidity to its investors while maintaining its robust capital base, which is essential for fulfilling long-term policyholder obligations and adhering to the solvency requirements set by the Nepal Insurance Authority.
Comprehensive AGM Agendas and Governance
Beyond the dividend approval, the 9th AGM will address several statutory and administrative matters that are vital for the transparent operation of the company.
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The assembly will focus on the review and formal approval of the annual report, the auditor’s report, the balance sheet, the profit and loss statement, and the cash flow statement for the previous fiscal year. These documents provide a transparent window into the insurance provider’s operational efficiency, risk management strategies, and overall growth. Furthermore, the meeting will handle the appointment of an external auditor for the current fiscal year and determine their remuneration, a key step in ensuring financial accountability.
Another significant agenda item involves the approval of expenditures made under Corporate Social Responsibility (CSR). IME Life Insurance has been active in social welfare, recently organizing large-scale blood donation drives and health camps. The AGM will also authorize the Board of Directors to make necessary amendments to the company’s Memorandum of Association and Articles of Association. This authorization is crucial for implementing any changes requested by regulatory bodies like the Nepal Insurance Authority or the Office of the Company Registrar, ensuring the company remains fully compliant with evolving legal frameworks.
Book Closure and Shareholder Eligibility
To facilitate the orderly conduct of the meeting and the accurate distribution of dividends, IME Life Insurance has announced a book closure date for December 26, 2025 (Poush 11, 2082).
This means that the company’s shareholder register will be frozen for one day. Consequently, only those investors who are officially registered as shareholders of IME Life Insurance Company Limited on the records of the Nepal Stock Exchange (NEPSE) up to the end of business on December 24, 2025 (Poush 9, 2082), will be eligible to attend the 9th AGM and receive the proposed cash dividend. Investors who purchase shares after this deadline will not be entitled to the current year’s payout or voting rights at this specific meeting.
Leadership and Strategic Outlook
Under the leadership of Chief Executive Officer Mr. Pawan Kumar Khadka, who assumed the role in late 2024, IME Life Insurance has focused on expanding its digital footprint and enhancing its product offerings. The company currently manages a diverse portfolio of insurance plans, including endowment, child education, and foreign employment term life insurance.
The successful completion of the 9th AGM is expected to bolster shareholder confidence and provide the company with the necessary mandates to pursue further expansion. By balancing shareholder returns with strong corporate governance and social responsibility, IME Life Insurance continues to solidify its position as a trusted financial institution in Nepal.
For More: IME Life Book Closure
