Himal Water Park & Village Hotel Limited (HWPL) has announced that its Second Annual General Meeting (AGM) will be held on Chaitra 12, 2082 (Thursday) at 1:00 PM at the company’s registered office in Parsa. The decision was made during the 14th meeting of the Board of Directors held on Falgun 14, 2082. In accordance with the Companies Act, 2063, the company has published this official notice to inform all shareholders about the meeting and its proposed agenda.
Overview of the Company
Incorporated on August 8, 2012, HWPL operates a four-star hotel spread over 11,551.53 square meters in Birgunj. The property currently offers 63 rooms equipped with modern amenities and hospitality services. The company began partial operations in December 2021 and has announced plans to commence full-scale operations by the end of Fiscal Year 2025. The company is positioning itself as a key hospitality destination in the region, combining hotel accommodation with recreational water park facilities.
Agenda: Ordinary Resolutions
During the AGM, shareholders will deliberate and decide on several ordinary business matters, including:
- Discussion and approval of the Board of Directors’ Report for Fiscal Year 2081/082.
- Review and approval of the audited financial statements for the fiscal year ending Ashadh 2082, including the Balance Sheet, Profit and Loss Account, Cash Flow Statement, and related schedules.
- Appointment of an external auditor for Fiscal Year 2082/083 pursuant to Section 111 of the Companies Act, 2063, and determination of the auditor’s remuneration.
- Ratification of decisions made by the Board of Directors during Fiscal Year 2081/082.
- Determination of salary and benefits for the Executive Managing Director.
These agenda items are aimed at ensuring transparency, financial accountability, and effective corporate governance.
Special Resolutions to Be Discussed
In addition to ordinary business, shareholders will consider several special resolutions of strategic importance:
- Amendment of Clause 6 of the Memorandum of Association, including its sub-clauses 1, 2, 3, 4, and 5.
- Proposal to change the company’s name.
- Authorization to the Board of Directors to make necessary amendments to the Memorandum and Articles of Association if required by regulatory authorities, including additions, alterations, or modifications.
- Approval to proceed with an Initial Public Offering (IPO) of the company’s shares.
- Authorization to the Board to prepare required documents, coordinate with regulatory bodies, and undertake necessary procedures related to the proposed public share issuance.
The proposed IPO marks a significant step in the company’s growth strategy, signaling its intent to expand capital access and enhance public participation in its business operations.
The planned transition toward public share issuance reflects Himal Water Park & Village Hotel Limited (HWPL)’s ambition to strengthen its capital base as it prepares for full-scale operations by the end of FY2025. The expansion and formalization of corporate governance structures are expected to support the company’s long-term sustainability and competitiveness in Nepal’s hospitality industry.
Shareholders are requested to attend the AGM at the scheduled date, time, and venue to participate in discussions and exercise their voting rights on the proposed resolutions. The upcoming meeting represents a pivotal moment for Himal Water Park & Village Hotel Limited as it seeks to enhance operational capacity, restructure governance frameworks, and move toward public market participation.
