Shine Resunga Development Bank Calls AGM to Approve 13 Percent Dividend
22nd November 2025, Kathmandu
Shine Resunga Development Bank Limited has called its 17th Annual General Meeting (AGM), marking a significant event for its shareholders as the bank looks to approve its dividend proposal and pursue future strategic growth initiatives, including potential mergers.
Shine Resunga Calls AGM
The AGM is scheduled for December 12, 2025 (Mangsir 26, 2082), and will commence at 12:30 PM at the Hotel Saffron CK in Butwal.
Dividend Proposal and Capital Rewards
The main agenda item that has captured shareholder attention is the proposal for dividend distribution from the profits generated during the last fiscal year (FY 2024/25).
Total Dividend: The bank’s board of directors has proposed a total dividend of 13 percent on its current paid-up capital of NPR 4.87 billion.
Composition of Dividend: The dividend proposal is structured as a mix of bonus shares and a cash component:
Cash Dividend: A 10 percent cash dividend is proposed. This substantial cash portion is inclusive of the necessary tax payable by shareholders on the total proposed dividend. This amounts to approximately NPR 48.75 crore in cash distribution.
Bonus Shares: A 3 percent bonus share is proposed. This bonus share issuance, worth approximately NPR 14.62 crore, will increase the bank’s paid-up capital upon approval and distribution, directly rewarding shareholders while enhancing the bank’s capital base.
The dividend proposal is subject to approval from the Nepal Rastra Bank (NRB) before it can be formally endorsed by the shareholders at the AGM.
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Strategic Merger and Corporate Governance
Beyond the dividend, the AGM holds several critical agendas related to the bank’s future strategic direction and corporate compliance, specifically concerning merger and acquisition (M&A) activities.
Merger Authorization: The AGM will table a crucial special resolution to authorize the Board of Directors (BoD) to move forward with potential merger or acquisition processes with any suitable banks and financial institutions (BFIs). This move aligns with the banking sector’s trend of consolidation and is intended to upgrade the bank’s size, reach, and financial strength. The BoD will be empowered to handle all necessary procedures, including identifying partners, negotiating the merger/acquisition ratio (swap ratio), and signing the final agreement.
Charter Amendments: To accommodate the M&A process and the issuance of bonus shares, the AGM will further empower the board to amend the bank’s charter (Memorandum and Articles of Association) and other regulations as required. This ensures the bank can swiftly incorporate any directives or suggestions received from regulatory bodies like the NRB and the Securities Board of Nepal (SEBON) without needing to call separate general meetings.
Financial and Auditor Approval: The meeting will also fulfill mandatory compliance by passing the annual report, the auditor’s report, and the financial reports (including the Profit and Loss statement and cash flow reports) for the previous fiscal year. Additionally, the shareholders will appoint an auditor for the current fiscal year and determine their remuneration.
Book Closure Details for Eligibility
To determine the eligibility of shareholders for the dividend and meeting participation, the bank has announced a specific book closure date.
Book Closure Date: The bank has set November 28, 2025 (Mangsir 12, 2082), as the book closure date.
Eligibility Cut-off: Shareholders whose names are recorded in the Nepal Stock Exchange (NEPSE) register before November 28, 2025 (Mangsir 12, 2082), will be eligible. This means that investors must have purchased the shares and ensured they are registered in their DEMAT account by the end of the trading day on Mangsir 11 to receive the proposed 13 percent dividend and be entitled to attend and vote at the 17th AGM.
This AGM solidifies Shine Resunga Development Bank’s position as a national-level development bank committed to both rewarding its shareholders and strategically expanding its footprint through M&A opportunities.
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