Garima Bikas Bank Unveils Book Closure Date for its 20% Dividend; Calls AGM on Ashwin 26

Garima Bikas Bank Limited (GBBL) has called its 20th AGM on 26th Ashwin, 2083. The meeting will be held at Hotel Pokhara Grande, Pokhara, Kaski, starting at 10:30 am that day.

Among the other agendas, the AGM will endorse the 20% dividend for the fiscal year 2082/83. The bank’s 351st Board of Directors meeting, held on Thursday, decided to distribute a 10% bonus share and 10% cash dividend, including applicable taxes, based on the bank’s current paid-up capital of Rs. 6.02 Arba.

Furthermore, an agenda is to endorse the auditor's report with PL statements, financial reports, and cash flow reports, and appoint an auditor for the fiscal year 2083/84. Additionally, there is also an agenda item to identify a suitable development bank for a merger and acquisition with Garima Bikas Bank Limited.

The book closure date is Ashwin 14. Thus, shareholders who held their shares before that date are entitled to the dividend payout and can also attend the AGM.