SY Panel Nepal Limited has officially announced its new Board of Directors following its Annual General Meeting (AGM) held on Poush 30, 2082 (January 14, 2026). The move aims to strengthen the company’s corporate governance structure and boost investor confidence as it expands in the construction and panel manufacturing sector.
Composition of the New Board
The newly elected board features a balanced mix of international promoters and local representation, ensuring technical and financial expertise.
Promoter Shareholder Group Directors:
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Hong Youngdon
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Choi Dong IL
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Lee Hwachun
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Maheshwar Karmacharya
Public and Institutional Representation:
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Sitaram Thapaliya (Public Shareholders)
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Radha Paudel (Alka Investment)
Independent Director:
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Navaraj Pant – appointed to ensure transparency and safeguard minority shareholder interests.
Appointment of Chairman and Managing Director
In a high-level meeting on Magh 3, 2082 (January 17, 2026), Hong Youngdon was appointed Chairman, while Choi Dong IL was named Managing Director (MD). The Chairman will guide the board’s strategic vision, and the MD will oversee daily operations.
Interim Management
During Choi Dong IL’s upcoming travel to South Korea, Maheshwar Karmacharya will act with full executive authority to maintain operational continuity and stability.
Significance for Investors
The new board signals stable and transparent leadership, positively impacting the stock market by:
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Improving corporate governance
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Supporting strategic oversight and long-term planning
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Strengthening investor confidence and market sentiment
As SY Panel continues to innovate in sandwich panels and construction materials, the new leadership team will be responsible for translating market opportunities into shareholder value.
