Today marks the last day to be eligible for the dividend proposed by Shangrila Development Bank Limited (SADBL). The bank's 21st Annual General Meeting (AGM) is scheduled for December 22, 2025 (7th Poush, 2082), where shareholders will endorse the dividend distribution for the fiscal year 2081/82.
Dividend Details:
- Total Payout: 10.3583% of the paid-up capital, amounting to Rs. 36.83 crores.
- Breakdown:
- 5% Bonus Shares: Valued at approximately Rs. 17.78 crores. This increases shareholders' stock holdings without additional investment.
- 5.3583% Cash Dividend: Worth Rs. 19.05 crores. Designated as a "cash dividend for tax purposes," which may have specific tax implications for recipients.
- Paid-up Capital: Rs. 3.55 Arba (355 Crore).
Key Dates & Eligibility:
- Record Date (Book Closure): From December 9 to December 22, 2025 (23rd Mangsir to 7th Poush, 2082). Shareholders registered in the company's books as of this period are entitled to the dividend and can attend the AGM.
- AGM Details:
- Date: December 22, 2025 (7th Poush, 2082)
- Time: 10:30 AM
- Venue: Amritbhog Caters, Kalikasthan, Kathmandu
Implications for Shareholders:
- Eligibility: Investors must have purchased and held the shares before the book closure period began to receive the dividend and voting rights.
- Wealth Effect: The bonus issue increases liquidity and the number of shares held, while the cash dividend provides immediate income.
- AGM Participation: Eligible shareholders can attend the meeting to vote on the dividend and other agenda items.
Banking Sector Context:
The proposed dividend reflects the bank's profitability and capital adequacy, allowing it to reward shareholders while retaining a portion of earnings (via bonus shares) to strengthen its capital base for future growth.
Bottom Line:
Shangrila Development Bank's combined dividend of bonus shares and cash is a positive signal of financial health and shareholder value orientation. Investors who held shares prior to the record date will benefit from both an increase in their shareholding and a direct cash return. The AGM will formalize this distribution and provide a platform for shareholder engagement on the bank's performance and strategy.