Tourism Info Nepal

City Hotel Limited Announces 9th AGM with Key Agendas

City Hotel Limited Announces 9th AGM with Key Agendas

City Hotel Limited (CITY) has scheduled its 9th Annual General Meeting (AGM) for 26th Poush, 2081. The meeting will take place at Kalimati Banquet, Kalimati, Kathmandu, starting at 11:00 AM. Among the primary agendas, the AGM will approve the issuance of 80% right shares in a 1:0.80 ratio. This decision, made during the board of directors’ meeting on Mangsir 14, 2081, involves issuing 1,33,92,000 units of right shares on the current paid-up capital of Rs. 1.67 Arba. Following this issuance, the company’s paid-up capital is expected to rise to Rs. 3.01 Arba.

Additionally, the AGM will review and endorse the auditor’s report, profit and loss statements, financial reports, and cash flow statements. The agenda also includes appointing an auditor for the fiscal year 2081/82, electing a director from the promoter shareholding group, and approving the appointment of an independent director. The book closure date for the AGM is set for Poush 16, 2081, meaning shareholders listed before this date are eligible to attend the meeting and claim dividends.

Press + K to search