Today marks the final day for shareholders to secure the dividend proposed by Soaltee Hotel Limited (SHL) for the fiscal year 2081/82. Alongside the dividend announcement, the company has also scheduled its 51st Annual General Meeting (AGM) for Mangsir 28, 2082, marking a major event in the hotel’s annual corporate calendar.
AGM Scheduled for Mangsir 28 at Army Officers’ Club
The AGM is set to take place at the Tribhuvan Army Officers’ Club, Sabhamandap Hall, Tudikhel, Sundhara, Kathmandu, beginning at 10:00 AM. The meeting will review the company’s annual performance, endorse the dividend proposal, approve financial reports of the fiscal year, appoint auditors, and discuss future strategies aimed at strengthening the hotel’s position as one of Nepal’s premier hospitality brands.
Soaltee Hotel Limited, a pioneer of luxury hospitality in Nepal, has been holding its AGMs consistently to maintain transparency and align shareholders with its operational and financial direction. This year’s meeting is expected to draw significant participation from investors, given the company’s robust performance and generous dividend payout.
Board Proposes 31.57% Dividend for FY 2081/82
A meeting of SHL’s Board of Directors, held on Kartik 11, 2082, decided to distribute a total dividend of 31.57% for the fiscal year 2081/82. The dividend structure includes:
- 16.57894737% cash dividend (including tax amount on bonus shares)
- 15% bonus shares from the company’s paid-up capital
The company’s paid-up capital currently stands at Rs. 1.02 Arba, out of which the cash dividend amounts to Rs. 16,94,14,078. The decision reflects Soaltee Hotel’s strong financial performance and its commitment to returning value to its shareholders.
Market analysts view this dividend announcement as a healthy indicator of the company’s profitability and stability post-pandemic, during a period when Nepal’s hospitality sector is gradually regaining momentum.
Book Closure Date Began on Mangsir 05
The company had earlier announced the book closure date starting from Mangsir 05, meaning that only those shareholders who maintained their shares before Mangsir 05 are eligible to receive the proposed dividend and participate in the AGM. Investors who purchased shares on or after the book closure date will not be included in the dividend distribution list for this year. The book closure mechanism ensures accurate record-keeping and helps the company determine the list of shareholders entitled for participation ahead of the annual meeting.
Dividend Decision Reflects Growth and Investor Confidence
Soaltee Hotel Limited continues to stand out as one of Nepal’s most prestigious hotel brands, operating with a legacy that spans several decades. The company’s consistent dividend payouts are seen as a reflection of strong revenue streams, disciplined financial management, and sustained investor confidence.
Industry observers note that the hospitality sector has been gradually recovering following disruptions caused by global travel restrictions in previous years. With increasing tourist arrivals and rising hotel occupancy, companies like Soaltee have benefited from revived tourism activity and strengthened business operations. The 31.57% dividend not only rewards existing investors but also enhances the company’s attractiveness to potential shareholders seeking stable returns in the hotel and tourism sector.
AGM Expected to Discuss Strategic Expansion Plans
At the upcoming AGM, shareholders are expected to deliberate on strategic proposals that may include service expansions, property upgrades, sustainability initiatives, and improved customer engagement programs. Soaltee Hotel’s management is also likely to highlight long-term growth plans and its roadmap for strengthening its competitive edge in Nepal’s hospitality market. Given the company’s established reputation and its strong performance in FY 2081/82, the AGM is anticipated to generate substantial interest among both retail and institutional investors.
