Sindhu Bikas Bank distributes 11.4851% bonus shares; urges shareholders to dematerialize shares

Wed, Jul 8, 2020 1:13 PM on Dividend, Bonus & Rights, Latest,
Sindhu Bik...
Sindhu Bikas Bank Limited (SINDU) is distributing 11.4851% bonus shares directly to DEMAT accounts of its shareholders and has urged to dematerialize their shares.

The distribution of bonus shares was approved by the 10th Annual General Meeting held on Poush 29, 2076 B.S.

Investors who have dematerialized their shares before Poush 15, 2076 B.S. will receive bonus shares directly in their account. Those who have dematerialized after that will also get their bonus shares in their account at respective dates soon. The bank has urged other investors who haven't dematerialized their shares to do so as early as possible.

Importantly, investors who have taken a margin loan via the pledging shares of Sindu Bikas Bank before Poush 15, 2076 B.S. will have their bonus shares frozen with the respective BFI's until clearance.