Narayani Development Bank Completes Allotment of 1:1 Right Shares — 2,624,676 Units Distributed

Narayani Development Bank Limited has completed the allotment of its 1:1 right shares, distributing a total of 2,624,676 units to its existing shareholders. The right shares were issued at a par value of Rs. 100 per share to shareholders recorded up to 2082/05/08.

According to the notice, the Right Share Allotment Committee conducted the allotment on 2082/07/25 for all eligible shareholders who submitted applications within the prescribed deadline. The committee then recommended the allotment decision to the company’s Board of Directors.

Following this, the bank’s Board officially approved the allotment on 2082/07/27, confirming the distribution of right shares to all valid applicants.

Global IME Capital Limited acted as the Issue and Sales Manager for the right share issuance, handling the application management, allotment process, and related administrative procedures.

With the allotment now approved, the right shares will soon be credited to the respective demat accounts of shareholders. The bank expects this capital injection to further strengthen its financial structure and support future growth.