Shangri-la Development Bank Endorses 10.5263 Percent Dividend at 22nd AGM
11th October 2026, Kathmandu
Shangri-la Development Bank Limited has successfully concluded its 22nd Annual General Meeting (AGM) at Alice Reception in Gairidhara, Kathmandu.
Shangri-la Bank 22nd AGM
The AGM concluded formally approving a 10.5263 percent total dividend for its shareholders.
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Dividend Distribution and Capital Adjustment Details
The general meeting approved the financial statements for Fiscal Year 2082/83 alongside key special resolutions regarding paid-up capital expansion and corporate restructuring.
- Total Dividend Approval: The AGM endorsed a total dividend of 10.5263 percent based on the current paid-up capital of NPR 3,734,068,505.53.
- Breakdown of Dividend Components: Distribution includes a 4 percent bonus share issuance alongside a 6.5263 percent cash dividend, including tax allocations.
- Paid-Up Capital Expansion: Following the issuance and allotment of bonus shares, the bank’s total paid-up capital will increase to NPR 3,883,431,245.75.
- Articles of Association Amendments: Approved necessary modifications to the bank’s Memorandum and Articles of Association to reflect the expanded capital base, authorizing the Board of Directors to make regulatory adjustments if instructed.
- Merger and Acquisition Mandate: The assembly granted full authority to the Board of Directors to initiate, negotiate, and finalize potential merger or acquisition processes with suitable financial institutions.
- Statutory Auditor Appointment: Endorsed the Board’s annual report, audited financial statements for FY 2082/83, and approved the appointment and remuneration of statutory auditors for FY 2083/84.
- Institutional Network: Shangri-la Development Bank currently provides financial services across Nepal through an extensive network of 109 branch offices and 30 ATMs.
- Notice Date: Published on Ashwin 24, 2083 (October 10, 2026).
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