Thamel Plaza Hotel and Suites Limited is set to hold its fourth Annual General Meeting on Bhadra 31 to discuss various agendas including issuing an Initial Public Offering (IPO) to the general public.
Thamel Plaza Hotel and Suites Calls 4th AGM
Thamel Plaza Hotel and Suites Limited will be holding its fourth Annual General Meeting on Bhadra 31. The board of directors meeting held on Shrawan 27 made the decision to call this meeting.
The AGM will start at 9:00 AM sharp at the hotel hall of Thamel Plaza Hotel and Suites, located in Thamel, Kathmandu.
Key Agendas and IPO Approval
In the meeting, board of directors will present annual report of the fiscal year 2082/83 for discussion and approval. The shareholders will also discuss and approve the balance sheet, profit and loss account, changes in share capital, and cash flow statement for the period ending Ashadh end 2083, along with reports from auditor.
The company also has proposal to appoint an auditor for the fiscal year 2083/84 and determine their salary according to Section 111 of Company Act, 2063.
The main highlight of the meeting is the proposal to issue Initial Public Offering (IPO) to general public. The assembly will discuss and pass this proposal. To make the process smooth, the meeting will also give full authority to board of directors or their appointed representative. This authority will allow them to make any necessary changes, updates, or additions to the company memorandum and articles of association if regulatory bodies give any such directions during the IPO process.
Additionally, the board will seek authority from shareholders to purchase land for expanding the company business, along with other general topics.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
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