Nepal Life Investment Company holds first AGM
Additionally, P.L. Shrestha & Company was appointed as the auditor for the fiscal year 2082/83.
KATHMANDU: Nepal Life Investment Company Ltd. successfully held its first Annual General Meeting (AGM) today under the chairmanship of Amit Kumar Kayal, Chairman of the Board.
During the meeting, the financial statements for the fiscal year 2081/82, including assets, profit and loss accounts, and cash flow statements, were presented by the Chair and approved after thorough discussion.
Additionally, P.L. Shrestha & Company was appointed as the auditor for the fiscal year 2082/83.
Chairman Amit Kumar Kayal highlighted that the company is committed to becoming a model enterprise by implementing structural reforms, adhering strictly to corporate governance, strengthening internal controls, promoting training and research, diversifying investments scientifically, and adopting global investment practices.
CEO Subash Thapa provided a presentation on the company’s performance in 2081/82 and outlined the strategic plans for 2082/83.
Director Kamlesh Kumar Agrawal expressed gratitude for the successful completion of the first AGM and emphasized the importance of prudent investment of the funds collected from policyholders, urging the management to ensure secure investments with optimal returns.
Pravin Raman Parajuli, CEO of the parent company Nepal Life Insurance, advised the management to safeguard the principal investment while making timely, well-placed investments to maximize returns and leverage the parent company’s brand reputation for the growth of Nepal Life Investment Company.
The AGM also approved the reappointment of the four directors recommended by the parent company—Kamlesh Kumar Agrawal, Krishnaraj Lamichhane, Pravin Raman Parajuli, and Amit Kumar Kayal.
In the subsequent Board of Directors meeting, Kamlesh Kumar Agrawal was elected as the Chairman of the Board, and all newly appointed directors assumed their respective roles.
