Garima Bikas Bank Distributed 13% Bonus Shares to Demat Accounts

Garima Bikas Bank Limited (GBBL) has distributed 13% bonus shares directly to the DEMAT account of its shareholders respectively and urged them to dematerialize their shares.

The bank convened its 16th AGM on Poush 22 and endorsed a 14.5% dividend worth Rs. 66.56 Crores for the fiscal year 2078/79. The board of directors meeting on Kartik 24, 2079 decided to distribute a 14.5% dividend on the paid-up capital of Rs. 4.59 Arba. 13% bonus shares worth Rs. 59.68 crores and 1.50% cash dividend (including tax) worth Rs 6.88 Crores were proposed. Note that the bonus shares are already listed in NEPSE.

Also, the bank has urged its shareholders to pay the tax amount for the 16% bonus shares proposed for FY 2077/2078. The details of the tax amount that a shareholder has to pay can be found on the website of the share registrar NIBL Ace Capital Limited.

The tax amount should be paid to the following account while mentioning the shareholder's account number, name, and phone number/ email:

Bank Name: Garima Bikas Bank Limited
Account Name: NIBL ACE Capital - GBBL Bonus Tax 2077-78
Account Number: 04000101013893000001

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