Budhanilkantha Heritage Hotel Limited has officially announced that its Seventh Annual General Meeting (AGM) will be held on Kartik 25, 2082 (November 11, 2025) at the company’s registered office. The meeting is scheduled to begin at 11:00 a.m., as per the decision made during the company’s 132nd Board of Directors meeting held on Ashwin 30, 2082.
The notice has been published in accordance with Section 67(2) of the Companies Act, 2063, inviting all shareholders to participate in the AGM and to discuss and pass several important agendas related to the company’s operational, financial, and strategic affairs.
General Agendas to Be Discussed
The AGM will first deliberate on several general proposals, focusing on the company’s performance in the past fiscal year and future plans. The following matters will be presented for discussion and approval:
- Discussion and Endorsement of the Board of Directors’ Report for the fiscal year 2081/082.
- Review and Approval of the Audited Financial Statements, including the balance sheet as of Ashad end 2082, the profit and loss account, cash flow statement, and accompanying schedules for the fiscal year 2081/082, along with the auditor’s report.
- Appointment of an Auditor for Fiscal Year 2082/083 based on the recommendation of the Audit Committee, as per Section 111 of the Companies Act, 2063, and determination of their remuneration and terms of appointment.
These discussions will allow shareholders to assess the company’s financial health and governance practices while ensuring transparency and accountability in operations.
Special Agendas for the AGM
In addition to general proposals, Budhanilkantha Heritage Limited will table several special resolutions aimed at enhancing the company’s capital structure, governance framework, and future investment opportunities. The major special agendas include:
- Approval to Increase the Authorized and Issued Capital of the company to support future expansion and investment goals.
- Amendments to the Company’s Memorandum of Association (Article 6, Sub-clauses 1–5) to reflect changes in capital and corporate objectives.
- Issuance of Right Shares at a Ratio of 2:1, allowing shareholders to purchase two new shares for every one share currently held.
- Amendment to Clause 27(2) of the Articles of Association to align with the company’s evolving governance structure.
- Election of a New Board of Directors under Clauses 27(1) and 27(3) of the company’s Articles of Association.
- Amendment to Clause 5 of the Articles of Association related to company objectives and operational flexibility.
- Approval to Issue an Initial Public Offering (IPO), marking a significant step toward broadening the company’s ownership and public participation.
- Authorization to the Board of Directors to make necessary additions, alterations, or amendments to the company’s Memorandum and Articles of Association as per directives from regulatory authorities during the IPO approval process.
- Authorization to Sell Unsubscribed Right Shares, granting the Board the authority to dispose of right shares that remain unclaimed by existing shareholders.
- Empowering the Board to Implement Future Amendments, allowing the Board to make necessary modifications to company documents in line with regulatory requirements and operational needs.
Focus on Capital Growth and Public Participation
The announcement of right share issuance and the proposed move toward launching an Initial Public Offering (IPO) signals Budhanilkantha Heritage Limited’s plan to expand its financial base and engage more investors. This strategic step will not only enhance liquidity and capital availability but also strengthen public trust and stakeholder involvement in the company’s long-term vision.
By proposing amendments to its Memorandum and Articles of Association, the company aims to modernize its operational and governance frameworks in line with the evolving regulatory environment of Nepal’s capital market.
Other Business and Closing Agenda
The AGM will also include a “Miscellaneous” section at the end, where other relevant topics or shareholder suggestions may be discussed before the meeting concludes. Shareholders are expected to actively participate in the session, contributing to discussions on financial performance, future expansion, and corporate governance.
A Step Forward in Corporate Growth
With its seventh AGM, Budhanilkantha Heritage Limited continues its trajectory toward sustainable growth and improved corporate governance. The company’s decision to raise capital, propose an IPO, and revise its key policies demonstrates a forward-looking approach aimed at long-term stability and public confidence.
As one of Nepal’s emerging heritage and hospitality sector companies, Budhanilkantha Heritage Limited’s AGM is expected to play a crucial role in defining the next phase of its business expansion and market presence.
