Agricultural Development Bank and Shangrila Development Bank to distribute dividend directly to the accounts of shareholders; both urge shareholders to dematerialize their shares

Agricultural Development Bank Limited (ADBL) and Shangrila Development Bank Limited (SADBL) have published notice regarding the distribution of dividends of respective companies.

ADBL will be distributing 15.053% cash dividend (including tax) from the profits of FY 74/75 as endorsed in the 12^th AGM of the commercial bank. The dividend amount will be directly transferred to the bank accounts of the respective shareholders. For this purpose, the bank has urged its shareholders to dematerialize their shares and link their demat account with their bank account.

Similarly, SADBL will be distributing 4% bonus shares from the profits of FY 74/75 as endorsed in the 14^th AGM of the development bank. The bonus shares will be directly transferred to the demat accounts of the respective shareholders in chronological order. The bank has urged the shareholders to dematerialize their shares to receive the dividend directly to their accounts.