Kathmandu. The third annual general meeting of Mahalakshmi Life Insurance Limited has been held in Kathmandu. The general meeting held today has decided to issue 600 million shares allocated for the public.

Ramesh Kumar Bhattarai, Chief Executive Officer of the company, gave a welcome address at the meeting held at Hotel Radisson under the chairmanship of Manoranjan Raman Sharma.

Chairman Manoranjan Raman Sharma, while presenting the annual report, highlighted the current financial position and future plans of the company. The meeting has passed the balance sheet, profit and loss account and other financial statements of the Fiscal Year 2075/76 along with the annual report presented by the chairperson.

On behalf of the founders, Manoranjan Raman Sharma, Umesh Lal Shrestha, Shuresh Sapkota, Samjhana Aryal and Bishwachanda Ghimire have been elected unopposed directors for the next four years.