Garima Bikas Bank (GBBL) Urges Shareholders to Pay Tax on 16% Bonus Shares

Garima Bikas Bank Limited (GBBL) has urged its shareholders to pay the tax amount for 16% bonus shares.

The 15th AGM of the company held on 18th Chaitra, 2078 endorsed a 16% dividend for the fiscal year 2077/78. The 270th meeting of the board of directors held on Poush 22, 2078 decided to distribute the entirety of the dividend in bonus shares. The paid-up capital of the company during dividend distribution was Rs. 3.94 arba Thus, the bonus shares were worth slightly over Rs. 63.17 crores.

Shareholders maintained before joint operation after the acquisition of Sahara Bikas Bank Limited had received tax exemption on bonus shares. However, shareholders who bought the shares after the commencement of joint operation (28th Kartik, 2078) will have to pay the tax amount on the dividend proposed.

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.

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

Bank: Garima Bikas Bank Limited, Lazimpat, Kathmandu
Name: NIBL ACE Capital - GBBL Bonus Tax 2077-078
Account Number: 04000101013893000001

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