Shangri-la Development Bank Passes 10.52 Percent Dividend and Elects Ujjwal Satyal as Chairman
9th October 2026, Kathmandu
Shangri-la Development Bank Limited has successfully concluded its 22nd Annual General Meeting (AGM)
Shangri-la Bank Passes Dividend
The AGM concluded approving a total dividend distribution of 10.5263 percent and electing a new Board of Directors.
Advertisement
Dividend Approval and Capital Base Expansion
The Annual General Meeting formally endorsed the Board of Directors’ proposal to distribute a total dividend of 10.5263 percent to shareholders based on Fiscal Year 2082/83 financial results.
- Cash Dividend Component: Approved a 6.5263 percent cash dividend, inclusive of applicable tax obligations.
- Bonus Share Component: Endorsed a 4 percent bonus share issuance.
- Paid-Up Capital Growth: The issuance of bonus shares increases the bank’s total paid-up capital to NPR 3.88 billion.
- Meeting Schedule and Location: The assembly was held on Thursday, Ashwin 22, 2083 (October 8, 2026), at Alice Reception in Gairidhara, Kathmandu.
Board Election and Leadership Appointments
The AGM unanimously elected a six-member Board of Directors to serve a four-year term, representing both founder and public shareholder groups.
- Founder Shareholder Directors: Elected Ujjwal Satyal, Sushil Kaji Baniya, and Shyam Kumar Sharma.
- Public Shareholder Directors: Elected Bishnu Prasad Dhakal, Krishna Prasad Regmi, and Bhawana Agrawal.
- Board Chairman Appointment: A subsequent meeting of the newly elected Board of Directors appointed Ujjwal Satyal as the Chairman of the Board.
- Key Resolutions Passed: Approved audited financial statements for FY 2082/83, statutory auditor appointments, Memorandum of Association (MOA) amendments, and authorizations for potential merger and acquisition processes.
- Operational Presence: Shangri-la Development Bank delivers services across Nepal through a network of 109 branch offices and 30 ATMs.
For More: Shangri-la Bank Passes Dividend
