Sangrila Development Bank Limited has started crediting the 5 percent bonus shares approved by its 21st Annual General Meeting into shareholders’ beneficiary (demat) accounts after their listing on the Nepal Stock Exchange (NEPSE) and CDS and Clearing Limited (CDSC). The bank stated that shareholders who had completed dematerialization of their shares by Mangsir 22 have already received the bonus shares in their respective demat accounts.
According to the bank, bonus shares have been credited only to those shareholders who completed the dematerialization process within the specified deadline. Shares of shareholders who have taken loans by pledging their shares will remain locked in the name of the bank until further clearance is completed. The bank has also requested all shareholders who have not yet dematerialized their shares to complete the process as soon as possible in order to receive their bonus shares without delay.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
