Shangrila Development Bank Approves 10.52% Dividend, Elects Six-Member Board
Fri, Oct 9, 2026 10:36 AM on Latest, Dividend, Bonus & Rights, AGM/Special AGM, Book Closure,
Shangrila Development Bank Limited (SADBL) has approved a 10.52% dividend for shareholders at its 22nd Annual General Meeting (AGM).
The dividend comprises a 6.52% cash dividend worth Rs. 24.37 crore and a 4% bonus share distribution worth Rs. 14.94 crore. Following the bonus share issuance, the bank’s paid-up capital will increase from Rs. 3.73 Arba to Rs. 3.88 Arba. The AGM also elected a six-member board of directors unopposed for a four-year term.
The newly elected board comprises Ujjwal Satyal, Sushil Kaji Baniya and Shyam Kumar Sharma as representatives of promoter shareholders, and Bishnu Prasad Dhakal, Krishna Prasad Regmi and Bhawana Agrawal as representatives of public shareholders.
The newly elected board subsequently re-elected Ujjwal Satyal as chairman. Satyal and Baniya have continued from the previous board, while the other members are new faces.
