Shangri-la Development Bank Announces 22nd Annual General Meeting
29th September 2026, Kathmandu
Shangri-la Development Bank Limited has issued an official notice convening its 22nd Annual General Meeting (AGM).
Shangri-la Bank 22nd AGM Announced
The meeting of the bank’s Board of Directors held on September 15, 2026 (Bhadra 30, 2083 BS) decided to host the annual general meeting to discuss and approve key financial reports, dividend distributions, and strategic proposals.
AGM Event Details
- Date: October 8, 2026 (Ashwin 22, 2083 BS), Thursday
- Venue: Alice Reception, Gairidhara, Kathmandu
- Time: 10:00 AM
Ordinary Agendas
Financial Approval: Discussion and adoption of the Board of Directors’ annual report, audited balance sheet, profit and loss account, cash flow statements, and financial reports for Fiscal Year 2082/083.
Auditor Appointment: Appointment of the statutory auditor for Fiscal Year 2083/084 and fixation of their remuneration.
Cash Dividend Endorsement: Approval of a 6.5263 percent cash dividend (totaling NPR 243,637,910.47, including tax applicable to both bonus shares and cash dividend) on the existing paid-up capital of NPR 3,734,068,505.53.
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Board Election: Election of six directors, including three directors representing promoter shareholders and three directors representing general public shareholders.
Special Agendas
Bonus Share Issue: Approval to issue 4 percent bonus shares valued at NPR 149,362,740.22 based on the current paid-up capital.
Capital Increment: Increase in the bank’s issued and paid-up capital to NPR 3,883,431,245.75 following the bonus share distribution.
Memorandum Amendment: Granting full authority to the Board of Directors to amend the bank’s Memorandum and Articles of Association as needed, and to incorporate any modifications directed by regulatory authorities including Nepal Rastra Bank, the Office of the Company Registrar, and the Securities Board of Nepal.
Merger and Acquisition Mandate: Authorizing the Board of Directors to identify potential target institutions, execute Memorandums of Understanding (MoU), conduct Due Diligence Audits (DDA), obtain regulatory approvals, and complete all required legal processes for potential mergers or acquisitions.
For More: Shangri-la Bank 22nd AGM Announced
