Salico to Hold AGM on Poush 29, 15 Percent Dividend to Be Approved

22nd December 2025, Kathmandu

Sagarmatha Lumbini Insurance Company Limited widely known by its brand name Salico has officially called for its twenty ninth Annual General Meeting to be held on Poush 29 2082. The board of directors of the company met on Poush 3 to finalize the details for this important gathering of shareholders. The meeting is scheduled to take place at the Amritbhog Caterers in Kalikasthan Kathmandu starting at 11:00 AM. This annual assembly is a key event for the non life insurance provider as it seeks to formalize the distribution of profits from the fiscal year 2081/82 and provide a detailed report on its operational health.

Salico to Hold AGM

As one of the leading players in the non life insurance market of Nepal the annual general meeting of Salico is closely watched by investors. The company was formed through the successful merger of Sagarmatha Insurance and Lumbini General Insurance and this upcoming 29th AGM represents its continued progress as a unified and stronger entity. The meeting provides an opportunity for the management to engage with stakeholders regarding the strategic direction of the company and its resilience in a competitive insurance landscape.

CASH DIVIDEND PROPOSALS AND SHAREHOLDER RETURNS

The primary highlight of the 29th Annual General Meeting agenda is the approval of a 15 percent cash dividend for the fiscal year 2081/82. This dividend is calculated based on the existing paid up capital of the company which currently stands at 2.62 billion Nepalese rupees. At a rate of 15 percent the total cash distribution amounts to approximately 393.3 million rupees.

By proposing a cash dividend Salico is providing direct liquidity to its investors. The 15 percent payout is inclusive of the applicable dividend tax which simplifies the process for retail shareholders. For an insurance company maintaining a consistent dividend track record is essential for building investor confidence. The decision to distribute a significant cash portion indicates that the company has maintained a healthy cash flow despite the various claims and operational expenses faced during the year.

FINANCIAL REPORTING AND CORPORATE GOVERNANCE

The twenty ninth Annual General Meeting will serve as the official platform for the presentation and endorsement of the financial statements for the previous fiscal year. Shareholders will be asked to review and approve the annual report and the auditor report which provide a comprehensive look at the financial performance of Salico. These reports include the balance sheet the profit and loss account and the cash flow statement for the period ending in Ashad 2082.

According to recent financial disclosures Salico reported a net profit of approximately 403.2 million rupees for the fiscal year 2081/82. While this represented a slight decline in net profit compared to the previous year the core insurance business showed strong growth. The net insurance premium of the company surged by over 22 percent reaching 2.11 billion rupees. The assembly will also include the appointment of a statutory auditor for the current fiscal year 2082 2083 and the determination of their remuneration ensuring that the auditing process remains independent and professional.

CORPORATE SOCIAL RESPONSIBILITY AND MISCELLANEOUS AGENDAS

Another important item on the agenda is the approval of expenses incurred under the Corporate Social Responsibility program of the company. Salico has been active in various social welfare initiatives including community health programs and educational support. By seeking formal approval for these expenses the company demonstrates its commitment to transparent and ethical operations.

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The meeting will also discuss miscellaneous agendas including possible amendments to the Memorandum and Articles of Association if required by regulatory directives. The leadership team under the guidance of the board of directors will present their vision for the digital transformation of the company and the introduction of more climate resilient insurance products. This is particularly relevant as the insurance sector in Nepal faces increasing risks from natural disasters and economic shifts.

BOOK CLOSURE AND ELIGIBILITY FOR SHAREHOLDERS

To manage the distribution of the 15 percent cash dividend and the participation in the Annual General Meeting the company has announced a specific book closure date. The share register will be closed for one day on Poush 20 2082. This means that only those shareholders who are officially registered in the records of the Nepal Stock Exchange up to Poush 17 2082 will be eligible to receive the proposed dividend and have the right to attend the meeting at Amritbhog.

Investors who wish to benefit from this 15 percent payout must ensure that their shares are settled and credited to their Demat accounts before the book closure deadline. The cash dividend will be directly credited to the bank accounts linked with the Mero Share portal once the final approval is granted at the AGM. This digital distribution process ensures that shareholders receive their funds securely and efficiently without the need for physical interaction.

MARKET STANDING AND FUTURE OUTLOOK OF SALICO

As of late 2025 Salico remains a dominant force in the non life insurance market of Nepal with a network of more than 100 branches across the country. The brand foundation of the company as Sagarmatha Lumbini Insurance has allowed it to offer a broad range of personal and corporate insurance services including motor marine aviation and engineering insurance. Its insurance fund which is a key measure of financial strength expanded to nearly 7 billion rupees by the end of the last fiscal year.

Despite a competitive environment Salico has managed to maintain a steady market share. The 2081 2082 results expected to be discussed at the meeting will likely show how the company has leveraged its expanded branch network and brand equity to drive premium growth. As the company moves toward its 30th year of operations it remains focused on enhancing customer service and optimizing its claims settlement process which are the hallmarks of a successful insurer.

CONCLUSION AND NEXT STEPS FOR INVESTORS

In conclusion the twenty ninth Annual General Meeting on Poush 29 is a landmark event for everyone associated with Sagarmatha Lumbini Insurance Company Limited. From the approval of a significant 15 percent cash dividend to the adoption of governance reports the meeting will set the tone for the next phase of the journey of the company. Shareholders are encouraged to attend the meeting to engage with the leadership team and gain a deeper understanding of the vision of the company for the future.

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