NEPSE Lists Bonus Shares of Three Companies
18th February 2026, Kathmandu
The Nepal Stock Exchange (NEPSE) reached a significant administrative milestone on Tuesday, February 17, 2026 (Falgun 6, 2082), as it officially integrated the bonus shares of three prominent companies into its trading system. The listing includes bonus units from Shivam Cements Limited, Agricultural Development Bank Limited, and Asha Laghubitta Bittiya Sanstha Limited. This corporate action follows the formal approval of dividend proposals during the respective annual general meetings of these institutions held earlier in the 2081/82 fiscal cycle. The addition of these millions of units into the secondary market is expected to enhance market liquidity while providing a significant update to the portfolios of thousands of retail and institutional investors across the country.
NEPSE Lists Bonus Shares
The first major listing involves Shivam Cements Limited (SHIVM), one of the leading manufacturing companies in Nepal. NEPSE has listed 1,364,202.125 units of bonus shares for Shivam Cements, representing a 2.5 percent dividend distribution from the previous fiscal year’s profits. For investors in the manufacturing and processing sector, this listing is a welcome development as it reflects the company’s commitment to returning value to shareholders despite the recent slowdown in the construction industry. Shivam Cements has a history of robust dividend payouts, and the current addition of these units to the trading floor will allow existing shareholders to either increase their holdings or liquidate their bonus portions at the current market price, which has seen some volatility in recent months.
The second and largest volume of shares added to the exchange comes from the Agricultural Development Bank Limited (ADBL). A total of 4,502,947.8975 units of bonus shares have been listed for this Class A commercial bank, corresponding to a 3.25 percent bonus dividend. As a government-majority-owned institution, Agricultural Development Bank plays a critical role in the country’s rural and agricultural credit framework. The listing of these shares is part of the bank’s broader strategy to strengthen its core capital and meet the regulatory requirements set by Nepal Rastra Bank. For ADBL shareholders, the credit of these shares into their demat accounts signifies a formal increase in their ownership stake in one of Nepal’s largest financial institutions by asset size.
The third company included in Tuesday’s listing is Asha Laghubitta Bittiya Sanstha Limited (ALBSL), a microfinance institution that has consistently performed well in terms of growth and reach. NEPSE has added 696,393.97 units of bonus shares for Asha Laghubitta, representing a 9.5 percent bonus share distribution. This high percentage of bonus shares reflects the strong earnings capacity of the microfinance sector during the last fiscal year. The listing of nearly seven hundred thousand units is expected to improve the free float of the company’s shares on the stock exchange, making it easier for investors to buy and sell the stock without causing excessive price spikes or drops.
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From a technical perspective, the listing of bonus shares on NEPSE is only the first half of the process for the investor. While the shares are now officially part of the exchange’s tradable supply, individual shareholders cannot trade them until they are credited to their respective demat accounts by the CDS and Clearing Limited (CDSC). This process typically takes a few additional working days after the NEPSE listing announcement. Once the shares appear in the Mero Share portal or the user’s mobile banking app under the investment section, the owner can place sell orders through their registered broker. It is important for investors to note that bonus shares are issued from the company’s reserves, which means the paid up capital of the company increases while the net worth per share and earnings per share (EPS) are mathematically adjusted to reflect the higher number of outstanding units.
The market implications of these listings are multifaceted. In the short term, the influx of millions of new shares can lead to a slight downward pressure on the share price as the total supply in the secondary market increases. This is a standard phenomenon known as price adjustment. However, long term investors often view bonus shares as a sign of a healthy and profitable company that chooses to reinvest its earnings back into its capital base rather than just paying out cash. For Shivam Cements, ADBL, and Asha Laghubitta, the successful listing of these shares enhances their market capitalization and provides them with more room for future credit expansion and operational scaling.
In conclusion, the listing of bonus shares for Shivam Cements, Agricultural Development Bank, and Asha Laghubitta on the Nepal Stock Exchange marks the completion of the 2081/82 dividend cycle for these entities. This move reinforces the transparency and efficiency of Nepal’s capital market, ensuring that corporate actions are translated into tradable assets for the public in a timely manner. As the 2082 fiscal year progresses, investors are encouraged to monitor their demat accounts for the credit of these units and to consult with financial advisors to understand how these additional shares impact their overall investment strategy and portfolio diversification.
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