Garima Bikas Bank 11th AGM on Poush 28; to endorse 15% bonus shares

Garima Bikas Bank Limited (GBBL) will be convening 11^th Annual General Meeting (AGM) on Poush 28, 2074. The AGM is going to be held at Hotel Grand Pokhara, Pokhara at 10:30 AM. The main agendas of the AGM are:

• To endorse 15% bonus shares from the net profit of FY 2073/74.
• To conduct election and determine the tenure of Board of Directors (BOD) and CEO.
• To change the promoter public capital structure into 51:49.
• To merge or acquire with other Bank and Financial Institutions (BFIs).
• To amend the Memorandum of Association (MOA) and Article of Association (AOA).

Other agendas of the AGM are major highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM has been set from Poush 14 to Poush 28, 2074.Thus, only those shareholders holding their shares till Poush 13, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM and proposed dividend. Its current paid up capital stands at Rs 2.20 arba. After adjustment of 15% bonus shares, it will reach to Rs 2.53 arba.  Announcement: