Shangrila Development Bank Concludes 20th Annual General Meeting

Shangrila Development Bank Limited held its 20th AGM, approving a 3.6516% bonus share of NPR 12.52 crore and a 0.1922% cash dividend of NPR 65.93 lakhs, increasing its paid-up capital to NPR 3.55 Arba.

Key resolutions included endorsing financial statements for FY 2080/81, appointing auditors, amending articles of association, and addressing mergers and acquisitions.

Operating 112 branches and 30 ATMs nationwide, the bank attributed its growth to customer trust and emphasized its commitment to governance, risk management, and internal controls, reaffirming its focus on sustainable financial services.