Chandragiri Hills Limited (CGH) has announced its 16th Annual General Meeting (AGM) to be held on 23rd Poush, 2082, at the company’s premises in Thankot, Kathmandu. The meeting is scheduled to commence at 11:00 AM and will deliberate on several important financial, governance, and capital restructuring agendas.
Key Financial Agendas on the Table
One of the major agendas of the AGM is the endorsement of the company’s financial statements for the fiscal year 2081/82. Shareholders will review and approve the auditor’s report along with the profit and loss account, balance sheet, and cash flow statement for the period.
In addition, the AGM will appoint an external auditor for the fiscal year 2082/83 and determine the auditor’s remuneration, in accordance with the provisions of the Companies Act, 2063.
Dividend Proposal: Bonus Shares and Cash Dividend
A key highlight of the upcoming AGM is the proposal to distribute dividends to shareholders. The Board of Directors has proposed issuing 5 percent bonus shares based on the company’s paid-up capital. Alongside this, the company has proposed a cash dividend of 0.2632 percent, amounting to approximately Rs. 5.037 million, solely for tax adjustment purposes on the bonus shares. The dividend distribution, however, will be effective only after it is approved by the AGM, as per regulatory requirements.
Proposal for 1:1 Right Share Issue
Beyond dividend distribution, Chandragiri Hills Limited has also placed a significant capital expansion proposal before shareholders. After the distribution of bonus shares, the company plans to issue right shares in a 1:1 ratio, equivalent to 100 percent of the existing paid-up capital.
This proposal aims to strengthen the company’s capital base to support future expansion plans, infrastructure development, and long-term financial sustainability. To facilitate the right share issuance, the AGM will also consider amendments to the company’s Memorandum of Association and Articles of Association, particularly concerning capital structure adjustments.
Corporate Governance and Special Resolutions
Under special resolutions, the AGM will seek approval for the appointment of an independent director to the Board, reinforcing corporate governance practices. The meeting will also endorse service facilities and benefits provided to Board members.
Another important agenda item includes approval of loans obtained from Prabhu Bank Limited for new project construction, reflecting the company’s ongoing investment in tourism and infrastructure development.
Book Closure and Shareholder Eligibility
For the 16th AGM, the company has fixed Poush 11, 2082, as the book closure date. Shareholders whose names are registered in the company’s share register maintained by GIM Capital Limited, Naxal, Kathmandu, before the book closure date will be eligible to attend the AGM, participate in discussions, and exercise voting rights.
Shareholders may attend the meeting either in person or through a duly appointed proxy, subject to prevailing regulations. Necessary identification documents, including share ownership proof or a DEMAT account statement, must be presented to gain entry into the meeting venue.
Access to Annual Report and Additional Information
Chandragiri Hills Limited has informed shareholders that its annual report and AGM-related documents are available electronically. In case of non-receipt, shareholders may obtain copies from the company’s registered office in Thankot or Panipokhari, Kathmandu. The documents are also accessible on the company’s official website.
With proposals covering dividends, right share issuance, governance reforms, and capital restructuring, the 16th AGM of Chandragiri Hills Limited is expected to be a decisive meeting for the company’s future direction. The outcomes are likely to play a crucial role in strengthening the company’s financial position while enhancing shareholder value and supporting its long-term growth strategy in Nepal’s tourism and hospitality sector.
