Mahalaxmi Bikas Bank Distributes 5% Bonus Shares, Urges Shareholders to Dematerialize

Kathmandu. Mahalaxmi Bikas Bank Limited has announced the distribution of 5% bonus shares to its shareholders. The bank stated that the bonus shares approved by its 24th Annual General Meeting have already been credited to the DEMAT accounts of eligible shareholders.According to the bank, shareholders who held their shares in dematerialized (DEMAT) form as of the book closure date have received their bonus shares directly into their respective accounts from Chaitra 18, 2082. This ensures a seamless and automatic distribution process for investors already using electronic shareholding systems.However, the bank has urged shareholders who still hold physical share certificates to convert their holdings into DEMAT form as soon as possible. The bank clarified that bonus shares related to physical holdings will only be credited after the shares are dematerialized, encouraging investors to complete the process without delay.The share registrar for the bank, Siddhartha Capital Limited, is managing the distribution and dematerialization process. Shareholders can coordinate with the registrar to complete necessary procedures.The bank emphasized that the shift toward dematerialization will help improve transparency, efficiency, and security in Nepal’s capital market. Shareholders are advised to take timely action to ensure smooth access to their bonus shares.