Shangri-la Development Bank Holds AGM Today, Dividend to Be Approved

22nd December 2025, Kathmandu

Shangri la Development Bank Limited is officially convening its twenty first Annual General Meeting today December 22 at the Amritbhog Caterers in Kalikasthan Kathmandu. The session which commenced at 10:30 in the morning represents a pivotal moment for the shareholders and the management as they reflect on the achievements of the past fiscal year and chart the course for the future of the institution. As a prominent national level development bank in Nepal the outcomes of this meeting are closely watched by market analysts and retail investors who seek stability and growth in the B class financial sector.

Shangri-la Bank Holds AGM

The primary highlight of today assembly is the formal endorsement of the dividend proposal recommended by the Board of Directors for the fiscal year 2081/82. The bank has proposed a balanced return to its investors consisting of both bonus shares and a cash component. This dual approach is designed to reward the loyalty of the shareholders while ensuring that the bank remains well capitalized to meet the expanding regulatory requirements of Nepal Rastra Bank.

BREAKDOWN OF THE PROPOSED DIVIDEND AND CAPITAL IMPACT

The dividend package being approved today includes a 5 percent bonus share distribution and a 5.3583 percent cash dividend. The cash portion is specifically structured to include the amount required for dividend tax ensuring that the net payout to shareholders is handled seamlessly. Based on the current paid up capital of the bank which stands at approximately 3.43 billion Nepalese rupees the 5 percent bonus share issuance will add roughly 171.5 million rupees to the capital base.

By increasing its paid up capital through bonus shares Shangri la Development Bank enhances its internal strength and its capacity to extend larger credit facilities to its customers. For the shareholders receiving bonus shares means an increase in the number of units they hold in their Demat accounts which can lead to higher total dividends in subsequent years. The cash component provides immediate liquidity to the investors allowing them to realize a tangible return on their investment for the year 2081/82.

STRATEGIC AGENDA AND MERGER AUTHORIZATION

Beyond the distribution of profits the twenty first Annual General Meeting is addressing several strategic resolutions that will define the future identity of the bank. A key item on the agenda is the proposal to authorize the Board of Directors to initiate and carry out necessary procedures for a potential merger or acquisition with other suitable banks or financial institutions. In the current banking environment of Nepal the central bank has been encouraging consolidation to create larger and more resilient financial entities.

This authorization gives the management the flexibility to explore partnerships that could lead to a wider branch network a larger customer base and improved technological capabilities. Furthermore the meeting will pass proposals to amend the Memorandum and Articles of Association of the company as required by regulatory authorities. The agenda also includes a discussion on increasing the allowances for the directors to align their remuneration with industry standards and the increased responsibilities of oversight in a modern banking environment.

FINANCIAL REPORTING AND ACCOUNTABILITY

The assembly today serves as the final step in the financial reporting cycle for the previous fiscal year. Shareholders are reviewing and approving the annual report the auditor report and the complete set of financial statements including the balance sheet profit and loss account and the cash flow statement. These documents provide a transparent view of how the bank managed its deposits and loans during a period of fluctuating interest rates and economic shifts in Nepal.

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The bank has also included the appointment of a statutory auditor for the current fiscal year 2082 2083 in its agenda. The determination of the remuneration for the auditor is a standard but essential part of maintaining independent financial oversight. By ensuring that its accounts are audited by a reputable firm the bank reinforces the trust of its depositors and the investing public.

ELIGIBILITY AND BOOK CLOSURE DETAILS

It is important for investors to note the eligibility criteria for today meeting and the dividend distribution. For the purpose of the twenty first AGM the bank had announced a book closure date starting from Mangsir 23 2082. This means that only those shareholders who were officially recorded with the Nepal Stock Exchange as of Mangsir 22 2082 are eligible to attend the meeting at Amritbhog Caterers and receive the proposed 10.3583 percent total dividend.

For eligible shareholders the cash dividend will be credited directly to their bank accounts linked with their Demat accounts through the electronic clearing system once the final approval is granted today. Similarly the 5 percent bonus shares will be credited to the respective Demat accounts following the completion of the necessary listing formalities with the Nepal Stock Exchange and the Office of the Company Registrar.

OPERATIONAL FOOTPRINT AND MARKET STANDING

Shangri la Development Bank has built a strong reputation over the years as a customer friendly institution with a wide reach across the country. With its head office in Baluwatar Kathmandu the bank operates through a network of 112 branches and 32 ATMs serving thousands of customers. The bank has been a pioneer in offering various social and environmental initiatives often integrating its corporate social responsibility with its core banking activities.

In 2082 the bank has focused on expanding its digital services including mobile banking and internet banking to cater to the growing number of tech savvy customers in Nepal. The performance discussed in today meeting is expected to show a steady growth in premium income and a manageable non performing loan ratio which are key indicators of the health of a development bank.

CONCLUSION AND FUTURE OUTLOOK

In conclusion the holding of the twenty first Annual General Meeting today marks a successful milestone for Shangri la Development Bank Limited. By approving a double digit total dividend and seeking authorization for future mergers the bank is positioning itself for a period of strategic growth and stability. Shareholders can look forward to a more robust institution that is ready to face the challenges of the Nepalese financial market in the years to come.

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