Today Is the Last Day to Secure Dividend of Shangri-la Development Bank

Today is the final day for shareholders to secure the dividend declared by Shangri-la Development Bank. The bank will close its books from Mangsir 23 to Poush 7 for the purpose of its annual general meeting (AGM), meaning only investors holding shares by the end of today will be eligible to receive the announced dividend.

The bank has scheduled its AGM for Poush 7 (Monday) at Kalikasthan, Kathmandu. One of the key agendas of the meeting is the approval of the dividend decision made by the board of directors.

For the current fiscal year, the board has proposed distributing 5% bonus shares and an additional 5.3583% cash dividend for tax purposes on the bonus shares. The AGM will vote to approve this proposal.

In addition, the meeting will discuss amendments to the bank’s Memorandum and Articles of Association, authorize the board to move forward with potential merger and acquisition (M&A) opportunities with suitable banks and financial institutions, and appoint the auditor for the upcoming fiscal year.