Kalinchowk Darshan Limited (KDL) has formally announced the expiration of the lock-in period of shares held by its promoters, project-affected local residents and employees, marking a significant milestone in the company’s post-IPO phase. The lock-in period will officially end on Magh 17, 2082 (January 31, 2026), in accordance with the latest regulatory provisions issued by the Securities Board of Nepal (SEBON).
The company issued a public notice informing its shareholders, potential investors and the broader capital market that the restricted shares will become eligible for trading following the completion of the mandatory three-year lock-in period that was imposed at the time of the initial public offering (IPO) allotment.
More Than 6.3 Million Shares Listed on NEPSE
Kalinchowk Darshan Limited currently has a total of 6.3 million shares listed on the Nepal Stock Exchange (NEPSE). Among these, 4.8 million units are held by promoters, 120,000 units are owned by residents of the project-affected area, and 21,600 units belong to the company’s employees. These shares have remained under lock-in since the IPO allotment three years ago, in line with capital market regulations aimed at ensuring price stability and protecting public investors during the initial trading phase.
With the expiry of the lock-in period, a substantial portion of these shares will become tradable in the secondary market, potentially increasing liquidity and trading volume of KDL shares on NEPSE.
Key Restriction on Board and Senior Management Shares
Despite the expiry of the lock-in period, KDL clarified that shares held by members of the Board of Directors and employees in higher management positions will continue to remain non-tradable. This restriction has been imposed in line with regulatory requirements to maintain corporate governance standards and prevent possible conflicts of interest in trading activities.
The company emphasized that the ongoing restriction on senior management share trading reflects its commitment to transparency, ethical practices and long-term shareholder value.
Market Implications
The release of promoter, local and employee shares into the secondary market is considered an important development for investors, as it can lead to enhanced share liquidity and more accurate price discovery. However, market analysts note that such releases can also influence short-term price movements depending on selling pressure and overall market sentiment.
On the latest trading day, Kalinchowk Darshan Limited closed at Rs. 835 per share on NEPSE, indicating continued investor interest in the company’s performance and future prospects.
Strengthening Investor Awareness
By issuing an official notice well ahead of the lock-in expiry date, KDL aims to keep its stakeholders fully informed and prepared for possible changes in share trading patterns. The company has urged investors to make informed decisions by closely monitoring disclosures, financial performance and broader market conditions.
With the completion of the lock-in period, Kalinchowk Darshan Limited is expected to enter a new phase of trading dynamics, contributing to greater participation and maturity in Nepal’s growing capital market.
