Soaltee Hotel Limited Announces Change in Board of Directors
29th October 2025, Kathmandu
In a move underscoring its commitment to robust corporate governance and strategic alignment with its major institutional shareholders, Soaltee Hotel Limited (SHL) has officially announced a change in its Board of Directors.
Leadership Change at Soaltee Hotel
This development, which involves a key shareholder, the Nepal Airlines Corporation (NAC), is a significant disclosure for investors and the Nepal Stock Exchange (NEPSE), reinforcing the importance of transparency in the country’s capital market.
Key Change in Institutional Representation
The focal point of the announcement is the nomination and appointment of Mr. Tanka Nidhi Dahal as the new Director representing the institutional shareholder, Nepal Airlines Corporation (NAC). Mr. Dahal, who currently serves as the Director of the Marketing Department at NAC, replaces the previous representative, Mr. Yubaraj Adhikari.
This change was made effective on October 24, 2025 (7th Kartik 2082), and formally approved during the Board Meeting held on October 28, 2025 (11th Kartik 2082). The move from an executive-level representative (Executive Chairman) to a director from the marketing division signals a strategic intent by NAC to enhance the commercial synergy between the two organizations.
Strategic Rationale: Marketing and Synergy
The appointment of a senior official from NAC’s marketing department is not merely a formality; it is seen as a strategic step aimed at fostering closer coordination and maximizing mutual business opportunities. Given the historical and commercial ties between a national carrier (NAC) and a premier hotel brand (Soaltee Hotel), this representation can lead to:
Joint Marketing Initiatives: Better collaboration on promotional packages targeting international tourists, business travelers, and MICE (Meetings, Incentives, Conferences, and Exhibitions) segments, particularly in high-traffic routes served by NAC.
Enhanced Business Development: Leveraging NAC’s global network to boost occupancy and event bookings at The Soaltee Kathmandu and its growing network of properties across Nepal.
Strengthened Oversight: Ensuring the institutional shareholder’s perspective on commercial and long-term strategy is effectively communicated and integrated into the hotel’s management decisions.
Compliance and Transparency: Upholding NEPSE Regulations
Soaltee Hotel Limited’s prompt notification to NEPSE is a demonstration of its adherence to the stringent regulatory framework governing listed companies in Nepal. This disclosure is mandatory under Sub-rule (5) of Rule 26, Schedule 16 of the Securities Registration and Issuance Regulations 2073. For the capital market, such timely disclosures are vital for:
Investor Confidence: Providing shareholders and potential investors with up-to-date information on the composition of the Board, which is key to assessing the company’s leadership and governance stability.
Corporate Accountability: Ensuring the company is held accountable for changes in its governance structure, especially those concerning major institutional stakeholders like NAC, which holds a significant ownership position.
Maintaining Market Integrity: Facilitating a fair and transparent trading environment by immediately publicizing material information that could influence investment decisions.
The current composition of the Board, as updated, reflects a diverse group of experienced professionals, including the Executive Chairman and seven other Directors, committed to the hotel’s sustainable growth and operational excellence.
The Enduring Importance of Institutional Shareholder Representation
Institutional shareholders, such as Nepal Airlines Corporation, play a critical role in the governance of publicly listed companies. Their representatives on the board act as a conduit between the shareholder body and the company management, ensuring that long-term interests and strategic objectives are aligned.
In the case of Soaltee Hotel Limited, which stands as a legacy brand in Nepal’s hospitality sector, this strategic board appointment is expected to contribute to:
Risk Management: Bringing in diverse expertise to evaluate and mitigate market and operational risks.
Strategic Direction: Contributing to the expansion and management strategy, especially as the Soaltee brand aggressively explores new management contracts and properties within Nepal’s growing tourism market.
Fiduciary Responsibility: Ensuring the board collectively acts in the best interest of all shareholders, promoting long-term value creation.
The company’s formal communication, issued by Company Secretary Mr. Lila Bahadur Kshetri, serves as the final confirmation of the update, underscoring Soaltee Hotel Limited’s professional approach to compliance and stakeholder communication.
For More: Leadership Change at Soaltee Hotel
