Kalinchowk Darshan Limited Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Magh 17

Kalinchowk Darshan Limited (KDL) published a notice regarding the expiration of the lock-in period of its promoters, local residents of the project-affected area, and employee shares, and the lock-in period will expire on 17th Magh, 2082.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Kalinchowk Darshan Limited (KDL) has officially notified its investors and stakeholders of the conclusion of the lock-in period for the shares held by its promoters, residents of the project-affected area, and employee shares. In the next month of the 17th Magh, 2082, the lock-in period will end.

KDL now has 6,300,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Of these, the promoters held 48,00,000 units, the residents of the project-affected area 1,20,000 units, and the company's employees 21,600 units. These shares have been subject to a lock-in period since the IPO allotment three years ago.

As outlined in the official notice, the shares held by the Board of Directors and employees at higher management won't be tradable after the lock-in period.

KDL closed at Rs. 835.00.