Simrik Air Limited has officially announced the date and agenda for its upcoming Annual General Meeting (AGM), a key gathering expected to shape the company’s financial and strategic direction for the coming years. The AGM is scheduled to be held on Saturday, Falgun 28, 2082 (March 12, 2026), at 5:00 PM at the company’s registered office in Kathmandu Metropolitan City, ward number-32, Kathmandu.
The decision to convene the AGM was made during the Board of Directors’ meeting held on Falgun 5, 2082. The company has published the notice to inform and invite all shareholders to participate in discussions and decisions on several important corporate matters, including financial approvals, dividend distribution, governance changes, and plans to enter the capital market.
Key Financial Approvals on the Agenda
One of the primary objectives of the AGM will be to review and approve the Board of Directors’ report for the Fiscal Year 2081/82. This report outlines the company’s operational performance, achievements, and challenges during the review period, providing shareholders with a comprehensive understanding of Simrik Air’s progress.
In addition, shareholders will deliberate on the audited financial statements for FY 2081/82. The approval of these statements is expected to validate the company’s financial health and ensure compliance with regulatory and accounting standards.
These discussions are considered essential for maintaining transparency and reinforcing investor confidence, especially as the company prepares for further expansion and modernization of its aviation services.
Proposal to Distribute Cash Dividend
The company has also proposed the distribution of cash dividends to its shareholders, reflecting its commitment to delivering value to investors. If approved, this will mark a significant step in rewarding shareholder trust and demonstrating stable financial performance. Dividend distribution is expected to strengthen investor relations while signaling Simrik Air’s confidence in its long-term sustainability and revenue generation capacity within Nepal’s competitive aviation sector.
Appointment of Auditor for Upcoming Fiscal Year
Another important agenda item includes the appointment of an external auditor for FY 2082/83, along with the determination of the auditor’s remuneration. This move ensures continued adherence to good governance practices, financial accountability, and regulatory compliance. By appointing an independent auditor, the company aims to maintain accurate financial oversight as it enters a new phase of growth and prepares for broader public participation.
Amendment to Memorandum and Corporate Structure
The AGM will also discuss a proposal to amend the company’s Memorandum of Association. Such amendments are typically undertaken to align corporate policies with evolving regulatory requirements, operational expansion, and future investment plans. This restructuring is expected to position the company more effectively for strategic initiatives, including capital market participation and enhanced institutional governance.
Plan to Register with Securities Board and Issue IPO
A major highlight of the upcoming AGM is the proposal to register the company with the Securities Board of Nepal (SEBON) and proceed with an Initial Public Offering (IPO). If approved, this move will transform Simrik Air from a privately held entity into a publicly listed company, allowing the general public to invest in its growth.
The planned IPO reflects the company’s ambition to expand its capital base, modernize fleet and services, and strengthen its presence in Nepal’s aviation and tourism sectors. Public listing is also expected to enhance transparency, improve corporate governance, and attract institutional investors.
Industry observers view this as a strategic milestone that could support infrastructure upgrades and service diversification, particularly in helicopter operations, rescue services, and high-altitude logistics.
Strengthening Shareholder Engagement and Future Outlook
The AGM represents more than a statutory requirement, it serves as a platform for aligning shareholders with the company’s long-term vision. Through open discussion and approval of strategic resolutions, Simrik Air aims to build consensus on its transition toward a more structured and growth-oriented corporate model.
As Nepal continues to witness rising demand for aviation services linked to tourism, emergency response, and remote connectivity, the company is positioning itself to leverage these opportunities through improved capitalization and governance reforms.
