Shangrila Development Bank’s 14th AGM to be held on 30th Poush; approval of 9.45% dividend among other agendas

Shangrila Development Bank (SADBL) will be convening its 14^th AGM on 30^th Poush 2075 at Amritbhog, Kalikasthan from 9:30 AM.

The agendas of the AGM includes:

1. Endorsement of audited financial report of FY 74/75.
2. To approve 5.45% cash dividend (Including tax).
3. To appoint 3 directors each from promoter shareholder group and ordinary shareholders group.
4. To approve 4% bonus shares worth Rs.10.02 Crore to be distributed for the shareholders and make necessary adjustments in the issued and paid up capital.
5. Appointment of statutory auditor for the FY 75/76.
6. To make necessary adjustments related to merger and acquisition process.

For this puspose, the books of the bank will remain closed from 17th Poush to 30th Poush.

After the adjustment of bonus shares, the paid up capital of the development bank will reach Rs.2.60 Arba.