Shangrila Development Bank Approves 10.52% Dividend, Elects Six-Member Board
Summary
Shangrila Development Bank Limited has approved a 10.52% dividend for shareholders at its 22nd Annual General Meeting. The AGM also elected a six-member board of directors and re-elected Ujjwal Satyal as chairman.
Key Points
- Shangrila Development Bank Limited approved a 10.52% dividend at its 22nd Annual General Meeting.
- The payout includes a 6.52% cash dividend worth Rs. 24.37 crore and a 4% bonus share issue worth Rs. 14.94 crore.
- The bank’s paid-up capital will rise from Rs. 3.73 Arba to Rs. 3.88 Arba after the bonus share distribution.
- The AGM elected a six-member board unopposed, and Ujjwal Satyal was re-elected as chairman.
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