The Nilaya Hotels Holds First AGM, Plans IPO and Strategic Expansion

The Nilaya Hotels Limited successfully held its first Annual General Meeting (AGM) at its office in Thakre Rural Municipality-8, Dhading. The meeting approved the board’s report, financial statements, and cash flow for the fiscal year 2081/82, and also confirmed the appointment and remuneration of auditors for 2082/83.

The AGM passed key proposals aimed at the company’s long-term growth, including initiating the process for an Initial Public Offering (IPO), capital raising, debt management, strategic partnerships, joint ventures, and potential mergers and acquisitions.

During the meeting, the company’s chairman highlighted the hotel’s establishment, financial progress, and upcoming strategic plans. He shared that significant progress has been made in hotel construction, with services expected to commence soon, and that infrastructure development is underway to achieve a four-star classification.

The Nilaya Hotels reaffirmed its commitment to providing high-quality hospitality services, contributing to Nepal’s tourism sector, creating local employment, and promoting sustainable tourism practices.