Neco Insurance Appoints Min Raj Pokharel as New Board Director
10th August 2026, Kathmandu
Neco Insurance Limited has officially appointed Min Raj Pokharel as a director on its Board of Directors.
Neco Insurance Board Director
Pokharel has been nominated to represent Agricultural Development Bank Limited, which is a key founder shareholder of the non-life insurance company.
The nomination replaces Pratap Subedi, who previously represented Agricultural Development Bank Limited on the board.
Pokharel will serve as a director for the remaining tenure of the outgoing representative.
Board Approval and Effective Date
The Board of Directors of Neco Insurance Limited formally endorsed the appointment during its 508th board meeting.
The meeting took place on August 5, 2026, at 5:00 PM.
Advertisement
According to Company Secretary Ganesh Lamsal, the board unanimously supported the nomination.
Following the formal approval, Pokharel assumed office as a director effective from the same day.
Institutional Representation of Founder Shareholder
Agricultural Development Bank Limited maintains founder shareholding rights in Neco Insurance Limited.
The appointment ensures that the financial institution maintains continuous institutional representation on the board of the insurance company.
The transition allows for a seamless handover of directorial responsibilities and governance oversight.
Key Appointment Details
- Company Name: Neco Insurance Limited
- Newly Appointed Director: Min Raj Pokharel
- Nominating Institution: Agricultural Development Bank Limited
- Outgoing Representative: Pratap Subedi
- Board Meeting Number: 508th Meeting
- Date of Meeting: August 5, 2026
- Effective Date of Office: August 5, 2026
- Company Secretary: Ganesh Lamsal
For More: Neco Insurance Board Director
