Shares Deposited to Demat Accounts: Bonus Shares of SADBL and NUBL
Wed, Jul 14, 2021 10:51 AM on Latest, Dividend, Bonus & Rights,
Shangri-la Development Bank Limited has distributed 5% bonus shares directly to Demat accounts of its shareholders and has also urged investors to dematerialize their shares.
The company called its 16th AGM to endorse the dividend for the fiscal year 2076/77: 5% bonus shares and 0.2632% cash dividend. The bonus shares were worth Rs. 13,03,32,020 and the cash dividend was worth Rs. 68,59,580.
The same bonus shares are now deposited to Demat accounts. Note that the shares are already listed in NEPSE. As of writing, the company has an LTP of Rs. 427.
Nirdhan Utthan Laghubitta Bittiya Sanstha Limited has also distributed 13% bonus shares directly to Demat accounts of its shareholders.
Nirdhan Utthan Laghubitta convened its 22nd AGM for the FY 2076-77 under the leadership of its chairman Mr. Sharad Nidhi Tiwari on Falgun 25, 2077. The AGM endorsed the proposal to provide 13% bonus shares worth Rs 19.50 crore and 0.68% cash dividend worth Rs 1.02 crore for taxation purposes.
The same bonus shares are now deposited to Demat accounts. Note that the shares are already listed. The ordinary shares of the company closed at Rs. 1,596 in the secondary market yesterday.
Investors who still hold physical shares of the companies should dematerialize their shares as early as possible to claim their dividend. Furthermore, if eligible investors had taken a loan against the shares of the companies before the book closure date, they should present a No Objection Letter from their lending institution in order to receive the dividend.
