Shangri-la Development Bank and Snow Rivers Set Book Closure Date for Dividend Eligibility

23rd September 2026, Kathmandu 

Ashwin 7 marks the final trading day for investors to qualify for dividends and participate in the upcoming Annual General Meetings of Shangrila Development Bank Limited and Snow Rivers Limited.

Shangri-la, Snow Rivers Dividend 

Both companies have designated Ashwin 8 as their official book closure date. Shareholders maintaining active equity positions on the Nepal Stock Exchange up to Ashwin 7 will remain eligible for dividend distributions and general meeting representation.

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Shangrila Development Bank AGM and Dividend Breakdown

Shangrila Development Bank Limited has scheduled its 22nd Annual General Meeting for Ashwin 22 at Alice Reception in Gairidhara, Kathmandu, commencing at 10:00 AM.

• Total Proposed Dividend: The board has submitted a total dividend payout of 10.5263 percent based on its current paid-up capital of 3.73 billion rupees (3,73,40,68,505.53 rupees).
• Bonus Share Allocation: The proposed return includes 4.00 percent in bonus shares to expand capital reserves.
• Cash Dividend Allocation: The proposal includes a 6.5263 percent cash dividend (inclusive of tax obligations).

Snow Rivers AGM and Dividend Breakdown

Snow Rivers Limited will convene its 5th Annual General Meeting on Ashwin 21 at Lisara Receptions in Naxal, Kathmandu, starting at 8:30 AM.

• Proposed Bonus Shares: The board has recommended a 10.00 percent bonus share distribution derived from profits accumulated during the fiscal year 2082/83.
• Proposed Cash Dividend: The assembly will consider a 0.5263 percent cash dividend intended to cover shareholder tax liabilities.
• Final Qualification Window: Investors acquiring shares after Ashwin 7 will not be entitled to the proposed capitalization benefits or cash payouts.

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