Taragaon Regency Hotel Limited (TRH) has announced the convening of its 29th Annual General Meeting (AGM), scheduled to be held on 23rd Poush, 2082. The meeting will take place at the Nepal Army Officers’ Club, Bhadrakali, Kathmandu, starting at 11:00 AM. The AGM is expected to deliberate on key corporate, financial, and governance matters, including the approval of dividend distribution for the fiscal year 2081/82.
The announcement marks an important event for the company’s shareholders, as it provides an opportunity to review the company’s performance and participate in decision-making processes that will shape its operations in the coming fiscal year.
Dividend Proposal for Fiscal Year 2081/82
One of the major agendas of the 29th AGM is the endorsement of a 5 percent cash dividend for the fiscal year 2081/82. The proposal was approved by the company’s Board of Directors in a meeting held on Mangsir 22, 2082.
According to the decision, the dividend will be distributed in cash from the company’s paid-up capital, excluding tax. With Taragaon Regency Hotel Limited’s paid-up capital standing at Rs. 1,962,120,200, the proposed dividend reflects the company’s financial position and its commitment to providing returns to shareholders.
Financial Statements and Auditor Appointment
In addition to the dividend proposal, the AGM will also review and endorse the auditor’s report, including the profit and loss statements, balance sheet, cash flow statement, and other financial reports for the fiscal year 2081/82. These documents will provide shareholders with a comprehensive overview of the company’s financial performance and operational efficiency.
The meeting will further deliberate on the appointment of an external auditor for the fiscal year 2082/83 and determine the auditor’s remuneration. This agenda is a routine yet critical component of corporate governance, ensuring transparency, accountability, and compliance with statutory requirements.
Book Closure and Shareholder Eligibility
Taragaon Regency Hotel Limited has fixed the book closure period from Poush 07 to Poush 18, 2082. Shareholders whose names are recorded in the company’s register before the book closure date will be eligible to receive the proposed cash dividend.
Eligible shareholders will also have the right to attend and participate in the 29th AGM. Investors acquiring shares after the book closure date will not be entitled to the dividend for the current fiscal year, nor will they be eligible to attend the AGM as shareholders.
Shareholder Participation and Corporate Outlook
The upcoming AGM is expected to provide a platform for interaction between the company’s management and its shareholders. Through discussions on financial performance, dividend distribution, and plans, the meeting will offer insights into the company’s strategic direction.
Analytically, the proposal of a cash dividend indicates TRH’s focus on rewarding shareholders while maintaining financial stability. As a key player in Nepal’s hospitality sector, the company’s performance and dividend decisions are closely followed by investors.
With preparations underway for the 29th AGM, shareholders are encouraged to review the agenda and ensure their eligibility ahead of the book closure date. The meeting is anticipated to reaffirm Taragaon Regency Hotel Limited’s commitment to sound governance, financial transparency, and shareholder value creation.
