Shangri-la Development Bank Limited has called its 22nd Annual General Meeting to endorse the proposed 10.5263 percent dividend for the fiscal year 2082/83.
Shangri-la Development Bank is going to organize its 22nd Annual General Meeting (AGM) on Ashoj 22. In this meeting, the bank will approve proposal of distributing 10.5263 percent dividend to its shareholders from the accumulated profit of fiscal year 2082/83.
According to bank, the 400th meeting of the Board of Directors held on Bhadra 30 decided to hold the AGM on Ashoj 22, Thursday. To distribute the dividend and for AGM purpose, the book closure date is set from Ashoj 8 to Ashoj 22. This means only shareholders who holds shares until Ashoj 7 will be allowed to participate in AGM and receive the dividend.
Details of the Dividend
The bank has proposed 4 percent bonus shares based on its current paid-up capital of Rs. 3 arba 73 crore 40 lakh 68 thousand 505 and 53 paisa. This bonus share amount is worth Rs. 14 crore 93 lakh 62 thousand 740 and 22 paisa.
Along with bonus shares, the bank also proposed to distribute 6.5263 percent cash dividend. The total cash dividend amount is Rs. 24 crore 36 lakh 97 thousand 102 and 47 paisa. This includes the tax required for both bonus shares and cash dividend.
The total dividend amount, combining both bonus and cash, is Rs. 39 crore 30 lakh 59 thousand 842 and 69 paisa. This proposed dividend will be distributed to shareholders after it gets approved by the upcoming AGM.
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