5th May 2025, Kathmandu
Nepal Micro Insurance Limited has announced the date for its second Annual General Meeting (AGM). The company will hold the meeting on Jestha 16, 2082 (May 30, 2025) at Bharatpur Garden Resort, Chitwan, starting at 11 AM.
Nepal Micro Insurance AGM 2025
Key Proposals on the Agenda
The company has lined up several important proposals for the meeting. The board will present the annual report for the fiscal year 2080/81. Shareholders will also review and approve the audited financial statements, which include the balance sheet, profit and loss statement, cash flow report, and relevant schedules.
The meeting will also decide on the appointment of an external auditor for the current fiscal year 2081/82. Along with that, shareholders will set the auditor’s remuneration.
Another key item is the election of two directors representing public shareholders. The board will also propose to determine the meeting allowances for directors and approve expenses related to board operations.
Book Closure and Shareholder Eligibility
To facilitate the meeting, the company will close its shareholder register from Jestha 8 (May 22, 2025). As a result, only shareholders listed by Jestha 7 (May 21, 2025) will be eligible to attend the AGM and cast their votes.
This closure is a standard procedure and ensures fair and transparent participation. The company has encouraged all eligible shareholders to be present and contribute to the decision-making process.
Focusing on Financial Transparency
Through this AGM, Nepal Micro Insurance aims to strengthen transparency and corporate accountability. The detailed presentation of financial reports and operational updates will offer a complete picture of the company’s performance during the previous fiscal year.
The board will highlight major achievements and financial milestones, along with any key challenges faced. The shareholders’ approval of these reports will confirm the company’s direction and credibility.
Inclusive Governance Through Board Elections
The election of two board members from the public shareholder group is another significant part of the meeting. By doing this, the company promotes inclusive leadership and gives small investors a stronger voice in corporate governance.
These elections will ensure that the board reflects diverse perspectives and operates in the interest of all shareholders, not just the promoters.
Role of Micro Insurance in Nepal
Nepal Micro Insurance plays an important role in expanding financial inclusion in the country. It provides accessible insurance solutions to low-income and underserved populations. With the insurance industry growing steadily, companies like Nepal Micro Insurance are filling vital gaps in the market.
The AGM will be an opportunity for the company to outline how it plans to enhance its services, improve outreach, and align with national financial goals.
Importance of Auditor Appointment
Selecting an external auditor for the current fiscal year is another critical agenda item. The appointment supports regulatory compliance and independent review. It ensures that the company’s financial records are accurate, fair, and in line with Nepal’s accounting standards.
By appointing a trusted auditor, Nepal Micro Insurance is showing its commitment to good governance and accountability.
Adapting to New Economic Realities
As Nepal faces new economic challenges, financial institutions are under pressure to perform better and stay transparent. Nepal Micro Insurance is adjusting its operations to stay competitive. The AGM will serve as a platform to share these strategic adjustments with stakeholders.
From product innovations to digital tools, the company is gradually embracing modernization. Its approach to governance, transparency, and service delivery could become a model for other emerging insurers in Nepal.
Shareholders Expected to Play Active Role
The company expects shareholders to participate actively in the meeting. Their feedback and votes will shape how Nepal Micro Insurance proceeds in the next fiscal year. The AGM is not just a formality—it’s a moment to align business goals with shareholder expectations.
Through these discussions, the company aims to build stronger trust with investors and maintain its reputation in the market.
Conclusion
Nepal Micro Insurance’s second Annual General Meeting marks a critical checkpoint in its growth journey. From reviewing last year’s financials to electing new board members and planning for the future, the meeting will cover major developments. By involving shareholders in key decisions, the company continues to promote responsible leadership and transparent business practices.
The event will also underline the company’s expanding role in Nepal’s evolving insurance landscape.
For more: Nepal Micro Insurance AGM 2025