Atithi Resort & Spa Limited has officially announced the date and agenda for its upcoming Annual General Meeting (AGM), following a decision made during the company’s Board of Directors meeting held on Wednesday, Kartik 19, 2082 (November 5, 2025). The company published a formal notice under Section 67 of the Companies Act, 2063, inviting all shareholders to attend and participate in the AGM.
The meeting will be held at the company’s registered office in Pokhara on Saturday, Mangsir 13, 2082 (November 29, 2025) at 1:00 PM. The AGM will discuss key financial matters, audit reports, board elections, and significant proposals concerning the company’s future growth and expansion.
General Proposals to Be Discussed
Under the general agenda of the meeting, the following points will be presented and discussed:
- Presentation of the Annual Report:
The Chairperson of the Board of Directors will present the Annual Report for the Fiscal Year 2081/82, highlighting the company’s overall performance, achievements, and challenges during the fiscal year. - Approval of Financial Statements:
The AGM will deliberate on and approve the balance sheet, profit and loss account, cash flow statement, and the auditor’s report along with necessary annexures for FY 2081/82. - Appointment of Auditor for FY 2082/83:
The board will propose the appointment of a new external auditor for the fiscal year 2082/83 and determine the remuneration based on the board’s recommendation. - Formation and Election of Board of Directors:
The meeting will also elect new members to the Board of Directors and appoint an Independent Director, ensuring compliance with corporate governance standards. - Determination of Meeting Allowances:
The AGM will discuss and fix the meeting allowances to be provided to the directors for board and committee meetings during the upcoming fiscal year.
Special Proposals for Future Growth
Alongside general proposals, the company has also included several special resolutions aimed at expanding its financial and operational capabilities:
- Increase in Authorized and Issued Capital:
The AGM will discuss and approve the increase of the company’s authorized and issued capital, along with an amendment to the relevant clauses of the company’s Memorandum of Association. After the capital increment, the Board will be granted authority to issue additional shares to raise paid-up capital. - Authorization for Amendments as Suggested by Regulators:
The Board of Directors will be empowered to make necessary amendments to the Memorandum and Articles of Association if required by regulatory bodies or government offices during or after the capital increment process. - Approval for IPO Issuance:
One of the key highlights of this AGM will be the proposal to issue ordinary shares (IPO) to the general public. The Board will be authorized to take all necessary decisions and actions regarding the IPO issuance, including approval procedures, coordination with regulatory authorities, and appointment of issue managers and underwriters.
Other Matters and Shareholder Information
The notice also mentions that in addition to the listed agenda items, shareholders may request further details or clarifications directly from the registered office of Atithi Resort & Spa Limited in Pokhara before the meeting date.
The company emphasized that the AGM will serve as a vital platform for shareholders to engage in the company’s strategic direction and financial planning. The management has expressed confidence that the approval of these proposals, especially those related to capital expansion and IPO issuance, will help strengthen Atithi Resort & Spa’s market position and enhance investor confidence in the hospitality sector.
Financial Outlook and Strategic Vision
Atithi Resort & Spa Limited, a well-known hospitality brand based in Pokhara, has been steadily expanding its services and infrastructure to meet the growing demands of both domestic and international tourists. The proposed capital increment is expected to fund further development in facilities, digital transformation, and customer experience improvements.
Moreover, the company’s decision to pursue an Initial Public Offering (IPO) marks a major milestone, opening avenues for public investment and enhancing financial transparency. This move aligns with the broader vision of expanding shareholder base and supporting sustainable growth in Nepal’s tourism and hospitality industry. The Board has assured that the AGM will be conducted transparently and in accordance with the Companies Act, 2063, and that all decisions made will prioritize shareholder interests and long-term company value.
