Kathmandu. Oriental Hotels has convened its 28th Annual General Meeting.
A meeting of the Board of Directors of the hotels held on Sunday decided to hold its annual general meeting on October 14. The meeting will begin at 11:00 am at The Nepal Administrative Training Academy at Jawalakhel, Lalitpur.
The meeting will pass a special proposal to issue right shares worth Rs 315.55 million at the current paid-up capital of the company in the ratio of Rs 1.18 billion, i.e. 26.663 percent i.e. 26.63 percent.
The meeting will also approve a special proposal to empower the Board of Directors to carry out the necessary work to be done in the office of the regulatory bodies Nepal Securities Board, Nepal Stock Exchange and Registrar of Companies for issuing right shares.
The board will elect six directors to represent the board of directors and appoint one independent director.
The assembly last fiscal year 2081. Approval of the annual and auditor’s report of 82 and the current fiscal year 2082. It will approve the proposal regarding the appointment of an auditor and determination of his remuneration for 83.
The company has decided to close the book for the general purpose from October 11 to October 15. This means that only the shareholders who have been in office till September 15 will be eligible to participate in the meeting of this company.
