SY Panel New Board of Directors Selected

19th January 2026, Kathmandu

SY Panel Nepal Limited, a company that has recently gained significant traction in Nepal’s capital market, has officially announced its new Board of Directors following its Annual General Meeting (AGM). The decision, finalized during the meeting held on Poush 30, 2082, marks a major development in the company’s corporate governance structure. The restructuring is aimed at strengthening strategic oversight and enhancing investor confidence as the company expands its footprint in the construction and panel manufacturing sector.

SY Panel New Board

The newly elected board features a balanced mix of international promoters and local representation, ensuring a diverse range of expertise in both technical and financial management. This leadership transition comes at a time when SY Panel is being closely watched by investors on the Nepal Stock Exchange (NEPSE) for its potential in the industrial segment.

Composition of the Newly Elected Board

The new Board of Directors was formed through a transparent election process involving both promoter and public shareholder groups. According to the company’s official statement, the following individuals have been appointed to lead the organization:

Promoter Shareholder Group Directors:

• Hong Youngdon
• Choi Dong IL
• Lee Hwachun
• Maheshwar Karmacharya
• General Public and Institutional Representation:
• Sitaram Thapaliya (Representing Public Shareholders)
• Radha Paudel (Representing Alka Investment)

Independent Governance: To further align with international best practices and regulatory requirements for listed companies, Navaraj Pant has been appointed as an Independent Director. The inclusion of an independent voice is a strategic move to ensure transparency, protect minority shareholder interests, and uphold high ethical standards in the company’s decision-making processes.

Appointment of Chairman and Managing Director

Following the formation of the board, a high-level meeting was convened on Magh 3, 2082, to finalize the executive leadership roles. The board unanimously appointed Hong Youngdon as the Chairman of SY Panel Nepal Limited. His role will be central to guiding the board’s strategic vision and ensuring that the company’s long-term objectives are met.

In the same meeting, Choi Dong IL was appointed as the Managing Director. In this capacity, he is entrusted with executive authority and the responsibility for day-to-day management. His appointment is expected to bring a high degree of technical expertise and operational discipline to the company’s manufacturing units.

Interim Management and Operational Continuity

The company has also demonstrated proactive governance by addressing potential leadership gaps. It was disclosed that the newly appointed Managing Director, Choi Dong IL, is scheduled to travel to South Korea on leave in the near future. To maintain uninterrupted business operations, the board has made an interim management arrangement.

During Choi Dong IL’s absence, Maheshwar Karmacharya has been granted full executive authority to act on behalf of the Managing Director. This delegation of power ensures that the company’s strategic initiatives and operational workflows continue without disruption, providing a clear signal of stability to the company’s employees and business partners.

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Significance for Investors and the Stock Market

The SY Panel board selection is a critical event for market participants. In Nepal’s evolving share market, a stable and transparent board is often viewed as a prerequisite for sustainable stock performance. A well-defined leadership structure helps in:

Improving Governance: The mix of promoter and independent directors reduces the risk of concentrated decision-making.

Strategic Oversight: The board’s diverse background allows for better risk assessment and long-term planning.

Market Sentiment: Clear succession and interim management plans reduce uncertainty, which is generally viewed positively by institutional and retail investors.

As SY Panel Nepal continues to innovate in the production of high-quality sandwich panels and construction materials, this new leadership team will be responsible for translating market opportunities into shareholder value.

Commitment to Corporate Excellence

The restructuring of the board at SY Panel Nepal Limited underscores a broader commitment to corporate excellence and regulatory compliance. By integrating representatives from institutional investors like Alka Investment and appointing a seasoned public director like Sitaram Thapaliya, the company is positioning itself as a governance-first organization.

Such steps are vital for maintaining the company’s credibility and ensuring it remains a preferred choice for investors looking for exposure in the industrial and manufacturing sectors of Nepal.

Conclusion

The selection of the new Board of Directors at SY Panel Nepal Limited represents a major milestone in the company’s corporate history. With Hong Youngdon as Chairman and a robust support team of directors, the company is well-equipped to navigate the challenges and opportunities of the 2082/83 fiscal year. As the new board takes charge, stakeholders will be looking forward to how this leadership transition drives operational efficiency and contributes to the growth of Nepal’s industrial landscape.

For More: SY Panel New Board