Annapurna Cable Car AGM Update: Key Highlights for 2026
11th March 2026, Kathmandu
Annapurna Cable Car Limited (ACCL) has officially scheduled its 3rd Annual General Meeting (AGM) for Chaitra 20, 2082, a date that marks a significant transition for the company as it solidifies its status as a public limited entity.
Annapurna Cable Car AGM
This meeting is set to be a definitive moment for the tourism infrastructure sector in Nepal, specifically for stakeholders invested in the Sarangkot-Pokhara cable car corridor. Following a series of capital restructuring phases, the 2026 AGM will focus on formalizing the company’s financial trajectory, appointing key auditors, and finalizing the much-anticipated public share issuance.
Financial Oversight and Capital Restructuring
A primary agenda for the upcoming 3rd AGM is the rigorous review of the company’s financial performance for the current fiscal year. As ACCL moves toward a public listing, transparency in its balance sheet is paramount. The meeting will oversee the formal appointment of auditors to ensure that the company’s valuation remains robust and compliant with the Securities Board of Nepal (SEBON) standards.
The company has already demonstrated a proactive approach to capital management. In its previous fiscal cycles, ACCL successfully executed a 40 percent right share issuance to its founding shareholders at a 1:0.4 ratio. This move allowed the company to issue 4,960,000 units at a par value of 100 rupees per share, effectively strengthening its internal capital base before opening its doors to the general public.
The IPO Pipeline: 3.1 Million Units
For the broader investment community in Nepal, the most critical highlight of the Annapurna Cable Car AGM update is the progress of its Initial Public Offering (IPO). The company has officially partnered with Muktinath Capital Limited as the issue and sales manager. The plan involves the issuance of 3.1 million ordinary units to the general public. This IPO is expected to be one of the most sought-after offerings in the tourism sector, given the steady footfall of both domestic and international tourists in the Pokhara region.
Strategic Agendas for the 3rd AGM
Shareholders attending the meeting on Chaitra 20 will be asked to deliberate on several strategic pillars that will define the company’s operations through 2027:
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Approval of Right Share Proceeds: Reviewing how the previously raised capital from right shares has been deployed into infrastructure maintenance and service expansion.
Service Diversification: Discussions on potential side-projects, such as boutique hospitality or recreational parks near the Sarangkot station, to maximize land use and non-ticket revenue.
Public Transition: Finalizing the legal and administrative hurdles required to move from the founder-heavy ownership model to a broad-based public ownership structure.
Why Pokhara’s Tourism Infrastructure Matters
Annapurna Cable Car is not just a transport utility; it is a critical component of Pokhara’s tourism ecosystem. By providing a swift, scenic connection to Sarangkot—a premier destination for sunrise views and paragliding—the company has secured a consistent revenue stream. The 2026 AGM highlights reflect a company that is moving from its “construction and stabilization” phase into a “growth and public return” phase. For investors, this represents a shift from high-risk venture capital to a more predictable, dividend-yielding utility investment.
In conclusion, the Annapurna Cable Car AGM update for 2026 serves as a roadmap for the company’s journey toward the Nepal Stock Exchange (NEPSE). With a solid foundation built on successful right share issuances and a clear partnership with Muktinath Capital for its upcoming IPO, the company is positioned as a leader in private-sector tourism infrastructure. Stakeholders are encouraged to participate in the upcoming meeting to cast their votes on the future of this landmark Nepali enterprise and to stay updated on the specific dates for the 3.1 million unit public offering.
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