Kathmandu. Shangrila Development Bank Limited is going to hold its 21st Annual General Meeting (AGM) on Monday, December 22. The meeting will begin at 10:30 am at Amritbhog Caterers, Kalikasthan, Kathmandu.
The AGM will endorse a special proposal of distributing 5 percent bonus shares and 5.3583 percent cash dividend on its current paid-up capital.
The meeting will also endorse the proposal to amend the Memorandum of Association and Articles of Association and delegate authority to Board of Directors to carry out merger/acquisition with other appropriate banks and financial institutions, among others.
The bank is closing its book from December 9 to December 23 for the purpose of AGM and dividend distribution. Accordingly, the shareholders who have been traded in NEPSE till December 22 will be able to participate in the AGM and receive the proposed dividend.
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