Sana Kisan Bikas Microfinance Urges Shareholders to Claim Unclaimed Dividend Over 5 Years Old
14th October 2026, Kathmandu
Sana Kisan Bikas Microfinance Financial Institution Limited has issued a public notice urging its shareholders to collect cash dividends that have remained unclaimed for over five years.
Sana Kisan Urges Shareholders
Unclaimed Dividend Collection Procedure and Capital Dematerialization Directives
The microfinance institution outlined the necessary compliance steps and documentation required for shareholders to collect pending dividend payouts before funds are transferred under legal provisions.
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- Unclaimed Dividend Notice: Notice targets shareholders who have not collected cash dividend allocations approved during previous annual general meetings spanning over five years.
- Share Registrar Details: Claimants must contact the designated share registrar, Laxmi Sunrise Capital Limited, located in Kamalpokhari, Kathmandu, to receive their pending cash dividend amounts.
- Dematerialization Requirement: Shareholders retaining physical share certificates are advised to submit their certificates for dematerialization (DEMAT) through their designated Depository Participant (DP) offices.
- Bank Account Update Instruction: Shareholders with unlinked or outdated banking records must update their bank account details in their respective Beneficiary Owner (BOID) accounts to enable direct electronic credit of dividend funds.
- Pledged Share Release Clearance: Shareholders with pledged or frozen equity shares must submit an official release letter or No Objection Certificate (NOC) issued by the relevant lending bank or financial institution to the share registrar.
Transfer to Investor Protection Fund
Under Section 182 Sub-section (9) and Section 183 Sub-section (1) of the Companies Act, 2063 (2006), cash dividends remaining unclaimed beyond the mandatory five-year period will be transferred into the Investor Protection Fund.
For More: Sana Kisan Urges Shareholders
