Kumari Bank Announces 35-Day Founder Share Sale Notice for 2,30,417 Shares
2nd June 2026, Kathmandu
Kumari Bank Limited has issued a 35-day public notice inviting applications for the sale of founder shares held by its existing promoter shareholders.
Kumari Bank Founder Share
The notice follows requests from founder shareholders to divest a total of 2,30,417 shares currently registered under their ownership.
The process is being conducted in accordance with directives issued by Nepal Rastra Bank, which requires that founder shares must first be offered to existing founder shareholders before being made available to external buyers.
First Right of Purchase for Existing Founder Shareholders
As per the notice, the first priority to purchase these shares will be given to existing founder shareholders of Kumari Bank Limited.
Interested buyers must submit their applications within 35 days from the date of publication of the notice. Applications must be submitted either to the Share Registrar Office at Kumari Capital Limited located in Naxal, Nagpokhari, Kathmandu, or directly to the Head Office of Kumari Bank Limited situated in Tangal, Kathmandu.
The shares will be sold at a price determined by the selling shareholders.
What Happens If Shares Are Not Sold Within Deadline
If no applications are received from existing founder shareholders within the 35-day period, the bank has stated that the process will move forward to allow the sale to non-founder investors.
This step ensures compliance with regulatory provisions while also providing liquidity options for promoter shareholders.
Role of Share Registrar in the Process
The share sale process will be managed by Kumari Capital Limited, which serves as the official share registrar.
The registrars responsibilities include receiving share purchase applications and verifying the eligibility of applicants. They will also facilitate the share transfer process and coordinate directly with the bank and relevant regulatory authorities.
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The registrar acts as an intermediary to ensure that the transaction process remains transparent and compliant with regulatory requirements.
Regulatory Framework for Founder Share Transactions
Founder share transfers in Nepals banking sector are regulated under guidelines issued by Nepal Rastra Bank. These rules are designed to maintain stability in the bank ownership structure and ensure absolute transparency in share transactions. They also work to prevent unauthorized share transfers and protect the long-term interests of existing shareholders.
Under these rules, founder shares cannot be freely traded in the open market like ordinary shares and must follow a structured transfer process.
Importance of Founder Share Transactions
Founder share transactions are significant for several reasons. Primarily, they allow changes in promoter ownership while maintaining regulatory compliance. They also give founder shareholders a structured opportunity to liquidate part of their holdings when needed.
Furthermore, such transactions may reflect internal restructuring or long-term strategic planning. Since founder shares are not directly traded in the stock market, their transfer is carefully regulated to avoid any market disruption.
About Kumari Bank
Kumari Bank Limited is a Class A commercial bank licensed by Nepal Rastra Bank. It operates across Nepal, providing a wide range of financial services including retail banking, corporate banking, and digital banking solutions.
The bank has a strong presence in both urban and semi-urban regions and continues to expand its service offerings in line with Nepals evolving financial sector.
Conclusion
The 35-day founder share sale notice issued by Kumari Bank Limited provides an opportunity for existing promoter shareholders to trade 2,30,417 founder shares under regulated procedures. Managed through Kumari Capital Limited and governed by guidelines from Nepal Rastra Bank, the process ensures transparency and regulatory compliance.
If no internal buyers emerge within the stipulated timeframe, the shares may be opened to external investors, marking the next phase of the transaction process.
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