Akama Hotel Limited, a distinguished hotel operating under the renowned Ramada Group, has officially announced the convening of its Special General Meeting (SGM) scheduled for Ashadh 10, 2082 B.S. (June 24, 2025). This announcement follows the resolution passed during the meeting of the Board of Directors held on Jestha 23, 2082 B.S., and has been published in accordance with Clause 67(2) of the Company Act, 2063. The meeting is poised to make significant decisions related to the company’s capital structure, shareholding policies, and future investment strategies.
The meeting will be held at the company’s registered office located in Ward No. 4 of Kathmandu Metropolitan City, Dhumbarahi. The program is set to begin at 11:30 AM and is open to all shareholders of the company. The management has urged shareholders to attend the meeting, given the importance of the agenda items that will be discussed and decided upon.
Strategic Transformation Ahead for Akama Hotel
As one of the leading establishments within the hospitality sector in Nepal, Akama Hotel has been operating with a vision to elevate the country’s tourism and hospitality standards. Affiliated with the international Ramada Group, the hotel has not only maintained global service benchmarks but also contributed significantly to domestic employment and tourism growth. Now, as it steps into a new phase of development, the hotel’s management is seeking to make strategic changes to its financial and operational structures through this upcoming SGM.
Key Agendas of the Special General Meeting
The company has outlined five major agenda items for discussion during the SGM:
- Increase in Issued Capital:
The foremost agenda is to discuss and approve the proposal to increase the company’s issued capital. This move is aimed at expanding the hotel’s financial capacity to undertake future projects, renovations, and service upgrades in line with international standards. The increment in capital will also strengthen the company’s equity base, which is crucial for long-term sustainability and strategic partnerships. - Amendment in Share Structure and Company Bylaws:
In a bold step towards institutional reform, Akama Hotel plans to revise its Memorandum of Association and Articles of Association. This will include changes to the shareholding structure to reflect modern corporate governance principles and attract more strategic investors. The proposed amendments will create a more dynamic and flexible ownership model, facilitating the hotel’s growth in a competitive market. - Sale of Promoter Shares at Premium Rate:
Another key decision to be made is regarding the sale of a portion of the promoter group’s shares at a premium price. This strategic move is designed to generate additional capital while also potentially inviting new shareholders who can contribute to the hotel’s vision and operations. The premium pricing reflects the value and reputation the hotel has earned over time under the Ramada brand. - Issuance of Shares to the General Public:
In a highly anticipated move, Akama Hotel is preparing to issue shares to the general public. This will not only democratize the ownership of the company but also enhance public confidence in its operations. The Initial Public Offering (IPO) is expected to attract both institutional and retail investors, marking a new chapter in the hotel’s corporate journey. The proceeds from the public issuance will be directed towards further development of the hotel infrastructure and guest services. - Miscellaneous Issues:
Apart from the structured agenda, the meeting will also provide a platform to discuss other operational or administrative issues as deemed necessary by the Board or raised by shareholders. This ensures transparency and inclusivity in the company’s decision-making process.
Significance for Shareholders and the Tourism Sector
This upcoming SGM is not just a corporate formality but a turning point for Akama Hotel. For shareholders, it represents an opportunity to become active participants in shaping the future of the company. With plans to raise capital and open up shareholding to the public, early investors stand to benefit from increased company valuation, broader market visibility, and enhanced dividend prospects in the future.
For the Nepali tourism and hospitality sector, Akama Hotel’s decision signals a trend towards modernization, professional governance, and transparent financial practices. By aligning with international hotel standards and increasing shareholder diversity, Akama is setting a precedent that could inspire other domestic hotels to follow suit. The potential public offering will also introduce more people to the investment potential within Nepal’s hospitality industry, thereby contributing to broader economic growth.
Transparency and Corporate Responsibility
Publishing this notice as per the legal framework outlined in the Company Act, 2063 (Clause 67(2)) demonstrates Akama Hotel’s commitment to legal compliance and corporate transparency. By formally notifying all stakeholders well in advance, the company is adhering to best practices in corporate governance.
Contact and Participation
The company has provided its official contact details for any inquiries related to the SGM. Shareholders can reach out via email at [email protected] or call at 01-4377298. All eligible shareholders are strongly encouraged to participate in the meeting and contribute to these transformative discussions.
Akama Hotel Limited is set to undertake a series of major structural and financial reforms through its Special General Meeting on Ashadh 10, 2082. From increasing its capital base and amending shareholder structures to selling promoter shares and initiating a public offering, the meeting is expected to redefine the future of this reputed hotel under the Ramada Group. Shareholders and stakeholders alike await the outcomes with keen interest, as these decisions will not only shape the company’s future but also make a significant mark on the nation’s growing hospitality landscape.
