Unnati Sahakarya Share Structure change notice
6th February 2026, Kathmandu
Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) has issued a vital public notice regarding a mandatory restructuring of its shareholding ownership. In accordance with the directives from the Nepal Rastra Bank (NRB), the national-level microfinance institution is required to adjust its promoter-to-public share ratio to a 51:49 balance. This process involves converting a portion of the existing founder shares into public shares to enhance market liquidity and corporate transparency.
Unnati Sahakarya Share Structure
The institution, headquartered in Siddharthanagar, Rupandehi, has officially set a 35-day deadline for founder shareholders to comply with this conversion.
Details of the Share Conversion Process
The restructuring is a direct response to the unified directives issued by the central bank for microfinance institutions. Currently, the promoter group holds a dominant stake that exceeds the permissible threshold for publicly listed financial entities in this category.
Current Founder Holding: Approximately 64.91 percent.
Mandated Founder Holding: Maximum 51.00 percent.
Conversion Target: Approximately 13.91 percent of the total issued capital (equivalent to approximately 343,383 units of shares based on the current listed units).
Deadline for Application: 35 days from the notice publication date of Magh 23, 2082 (closing on Falgun 27, 2082).
Founder shareholders who wish to maintain their stake within the allowed 51 percent limit or those who must divest to reach the target ratio are required to submit their formal consent and applications to the company’s central office or through its designated share registrar, Siddhartha Capital Limited.
Strategic Purpose of Ownership Restructuring
The conversion of promoter shares into the “General Public” category serves several strategic functions for both the institution and the broader capital market.
Regulatory Alignment: Ensuring the microfinance institution adheres to the Bank and Financial Institution Act (BAFIA) and NRB’s micro-prudential regulations.
Enhanced Liquidity: By moving nearly 14 percent of the company’s total shares into the public category, the float available for trading on the Nepal Stock Exchange (NEPSE) increases, potentially reducing price volatility and improving price discovery.
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Governance and Accountability: A larger public shareholding base typically leads to stricter oversight and increased pressure on the board of directors to maintain high standards of financial reporting.
Capital Base Stability: Following the merger between the former Unnati Microfinance and Sahakarya Laghubitta, the consolidated entity requires a standardized share structure to support future growth and potential further consolidations.
Financial Health and Dividend Status 2082
As the share restructuring progresses, the bank’s financial performance remains a key point of interest for investors. In the second quarter of the fiscal year 2082/83, Unnati Sahakarya reported a challenging operational environment.
Dividend Update: On Magh 6, 2082, the 226th Board Meeting of USLB decided not to distribute any dividends for the fiscal year 2081/82. This conservative approach aims to strengthen the company’s internal reserves and capital adequacy ratio.
Profitability: The company’s Q1 report for 2082/83 showed a decrease in net profit, primarily due to higher provision for loan losses reflecting the broader stress in the microfinance sector.
Market Valuation: As of early February 2026, USLB shares were trading near 1,466 rupees on NEPSE, with a 52-week range between 1,407 and 2,750 rupees.
Instructions for Founder Shareholders
Founder shareholders are urged to take the following steps before the Falgun 27, 2082 deadline:
Verify current holdings: Confirm the exact number of units held in the “Promoter” category via the Mero Share portal or the share registrar.
Submit Application: Complete the prescribed form for share category conversion and submit it to the central office in Siddharthanagar or the Siddhartha Capital office in Naxal, Kathmandu.
Automatic Conversion Warning: The notice explicitly states that shares belonging to promoters who do not respond within the 35-day window may be subject to automatic reclassification or other regulatory actions as determined by the board and the central bank.
Conclusion
The “Unnati Sahakarya Share Structure” update is a significant milestone in the institution’s evolution. By shifting toward a 49 percent public ownership model, the company is positioning itself as a more transparent and investor-friendly entity. While the current lack of dividends and sector-wide challenges may weigh on short-term sentiment, the completion of this restructuring is expected to provide a healthier capital framework for the institution’s long-term sustainability in the micro-credit market.
For More: Unnati Sahakarya Share Structure
