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The Nilaya Hotel to launch IPO

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Kathmandu. The first annual general meeting of The Nilay Hotels Limited was held at the company’s office located at Thakre Rural Municipality-8 in Dhading district today. The AGM approved the Directors’ Report, Statement of Balance Sheet, Statements of Profit and Loss and Cash Flow. Likewise, the meeting also passed a proposal regarding the appointment of auditors and determination of remuneration for the fiscal year.

{{TAG_OPEN_div_12} The AGM has passed important resolutions such as initiating the process of initial public offering of shares, raising necessary capital, debt management and strategic partnership, joint venture with other companies, collaborating or mergers and acquisitions as needed, targeting the future expansion and long-term growth of the company.

Addressing the meeting, the Chairman of the Company gave a detailed presentation on the company’s establishment, progress so far, financial position and future strategic plan.TAG_OPEN_div_10  Stating that remarkable progress has been achieved in the construction of the hotels, the Chairman said preparations were underway to operate the hotel soon. The company is also developing the necessary infrastructure with the goal of achieving the four-star classification.

KATHMANDU: The Nilay Hotels Limited reiterates its commitment to contribute to the development of Nepal’s tourism sector, create local jobs and promote sustainable tourism practices by providing high-quality hospitality services.TAG_OPEN_div_8

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