Kalinchowk Darshan Limited (KDL), the company operating the popular Kalinchowk cable car service in Dolakha district, has announced its dividend proposal for the fiscal year 2081/82. The decision was made during a meeting of the company’s Board of Directors held on Mangsir 10, outlining a combined dividend package totaling 5.2632% for its shareholders.
Board Approves Bonus Shares and Cash Dividend
According to the company, the board has recommended the distribution of 5% bonus shares and an additional 0.2632% cash dividend. The cash portion will be provided solely for the purpose of paying taxes on the bonus shares, as per regulatory requirements.
KDL currently maintains a paid-up capital of Rs. 60 Crore, meaning shareholders are set to receive:
- Rs. 3 Crore worth of bonus shares (5%)
- Rs. 15.78 lakh in cash dividend (0.2632%) for tax purposes
These proposed dividends reflect the company’s continued commitment to rewarding its investors while reinvesting earnings to strengthen future business operations.
Dividend Subject to AGM Approval
As per standard practice, the dividend proposal will only come into effect after it receives approval from the company’s upcoming Annual General Meeting (AGM). Once endorsed by shareholders, the bonus shares will be capitalized to increase the company’s paid-up capital, while the cash amount will be disbursed to shareholders in accordance with regulatory procedures.
Kalinchowk Darshan Limited will announce the AGM date, book closure date, and other related details in the coming weeks. Only shareholders who hold shares before the book-closure period will be eligible for the dividend.
Steady Growth in Tourism and Strong Financial Position
KDL, which operates the cable car system connecting Kuri Village to the Kalinchowk Bhagwati Temple, one of Nepal’s most visited pilgrimage and tourism destinations, has continued to show stable performance over the years. The Kalinchowk area is especially busy during winter snowfall and festive seasons, attracting domestic and international tourists.
The company’s financial position has strengthened due to:
- Consistent tourist inflow
- Increased demand for religious and adventure tourism
- Improved infrastructure in the region
- Year-round operation of the cable car service
Its consistent growth in revenue has supported dividend distribution in past years as well, reinforcing investor confidence in the company.
KDL’s Growing Importance in Nepal’s Tourism Landscape
Kalinchowk Darshan Limited has played a key role in promoting tourism in Dolakha district. Before the cable car service was introduced, pilgrims had to trek uphill for hours to reach the revered Kalinchowk Bhagwati Shrine. The cable car service now offers a safe, fast, and accessible route for thousands of visitors annually.
The area sees a surge in visitor numbers during:
- Maha Shivaratri
- Dashain and Tihar
- New Year holidays
- Winter snowfall season
The increasing footfall has not only improved the company’s revenue but has given a major boost to local businesses, hotels, homestays, restaurants, and transportation services.
Bonus Shares to Support Expansion and Capital Growth
Industry analysts suggest that the proposed 5% bonus shares reflect KDL’s long-term growth strategy. Bonus shares help the company strengthen its capital base, allowing it to explore additional investment opportunities and improve its operational efficiency.
The company is also reportedly planning further infrastructure upgrades to enhance tourist experience and safety, including:
- Improved cable car operations
- Upgraded waiting areas and services
- Strengthened safety and emergency response measures
Increasing capital through bonus shares will aid in these expansions.
Shareholder Expectations Remain Positive
Share market observers note that KDL’s dividend proposal is in line with expectations, as the company has traditionally offered balanced dividend payouts. While the percentage is moderate compared to some other tourism-sector companies, the stability of Kalinchowk Darshan’s earnings and its long-term growth potential continue to make it a popular stock among retail investors.
Following AGM approval, shareholders will receive both bonus shares and cash dividends in their respective Demat accounts. Market analysts expect KDL’s share movement to reflect investor response to the dividend announcement in the coming days. Kalinchowk Darshan Limited’s continued financial stability, contribution to national tourism, and consistent dividend distribution have positioned it as a reliable player in Nepal’s tourism-driven corporate sector.
