Kathmandu, February 23, 2025: The 17th Annual General Meeting (AGM) of Himalayan Life Insurance Limited successfully concluded today at Anupam Foodland and Banquet, Battisputali, Kathmandu. The meeting, which commenced at 10:30 AM, addressed key financial and operational matters for the fiscal year 2079/80.
During the AGM, the company presented its financial highlights, reflecting the performance of the recently merged entities—former Gurans Life Insurance Company Limited and Union Life Insurance Company Limited. The merger has positioned the company as a stronger entity in Nepal's life insurance sector.
The meeting approved several significant resolutions, including:
1. The issuance of a 14% bonus share to shareholders.
2. Adjustment of fractional shares resulting from the bonus share distribution.
3. An increase in the company's issued capital to strengthen its financial foundation and support future growth.
Additionally, the shareholders approved the appointment of an auditor to ensure financial transparency and accountability. Amendments to the Articles of Association were also ratified to align with the company's evolving operational needs and strategic vision.
Speaking on the occasion, CEO Manoj Kumar Lal Karn reassured shareholders and stakeholders of more growth and development in the future. He emphasized the company’s commitment to enhancing its services, expanding its reach, and achieving sustainable growth in Nepal's competitive insurance market.
The AGM showcased the company’s dedication to delivering value to its shareholders and policyholders while setting the stage for continued progress in the years ahead.
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