Himalayan Life Insurance to Distribute 8% Cash Dividend; AGM Scheduled for Asar 10

Himalayan Life Insurance Company Limited has officially announced that its Annual General Meeting (AGM) will be held on Asar 10, 2081. The meeting is scheduled to take place at Amrapali Banquet, Thirbam Road, Bhatbhateni, Naxal, Kathmandu, starting at 10:30 AM.

During the AGM, the company will present a proposal to distribute 8% cash dividend from the profit of the previous fiscal year (2080/81) to its shareholders. The dividend declaration is subject to shareholders’ approval at the meeting.

Key agendas for the AGM include: Approval of the profit and loss statement for the fiscal year 2080/81, appointment of an auditor for fiscal year 2081/82 and determination of their remuneration, delegating authority to the board of directors to amend the company’s Memorandum and Articles of Association

For the purpose of the AGM and dividend eligibility, the company has already conducted a book closure on Jestha 28. Only shareholders who held shares until Jestha 27 are eligible to participate in the meeting and claim the proposed dividend.

This move reflects Himalayan Life’s commitment to delivering returns to its investors while ensuring transparency and compliance with corporate governance standards.