The resignation of Chudamadi Chapagain, Chief Executive Officer (CEO) of the Nepal Stock Exchange (NEPSE), has been officially approved.

Chapagain had submitted his resignation citing personal reasons. Following its approval, the process of appointing a new CEO is expected to move forward.

During his tenure, NEPSE pursued several initiatives related to capital market development, policy reforms, and market modernization. However, his leadership had also been the subject of discussion in recent months over various administrative and policy matters.

No detailed official explanation has been provided regarding the specific reasons behind his resignation. Authorities are now expected to initiate the selection process for a new chief executive.

As Nepal's only organized secondary securities market, the leadership transition at NEPSE is being closely watched by investors and other stakeholders in the country's capital market.