Monday, July 8, 2013

NLG Insurance Company has new chairman Kush Prasad Malli.

Kush Prasad Malli has been appointed the chairman of NLG Insurance Company, replacing Sanjay Bahadur Shah.

In the election held during NLG’s 7th AGM on July 5, Gautam Prasad Khanal and Rajesh Upadhyay were elected to the company’s board from among the C category (Public) shareholders, while Sanjay Bahadur Shah and Anil Shrestha were unanimously selected to represent B (promoter) category shareholders.

While the existing representatives for A category shareholders have retained their posts, an additional member, Siwanta Bahadur Pandey has been inducted to represent the category.

During the AGM, the company’s shareholders had approved the NLG Insurance Company’s board’s decision to offer 20 percent bonus shares from the profit earned for the FY 2068/69.

NLG has 23 branches across the country. Apart from other general categories, the company has been providing insurance services on aircraft as well as livestock.
src: sharesansar