Today is the Last Day to Secure Garima Bikas Bank's Dividend

Today is the final day for shareholders to secure the proposed 10.53% dividend announced by Garima Bikas Bank Limited. The bank is offering a total dividend of 10.53% from the profit earned in the last fiscal year, which includes 6% bonus shares and 4.53% cash dividend (for tax purposes).

The bank has decided to close its shareholders book for one day, on Kartik 18 (approximately November 4/5, depending on the calendar), for the purpose of dividend distribution and the Annual General Meeting (AGM). Therefore, only the shareholders whose names are registered in the Nepal Stock Exchange (NEPSE) by today will be eligible to receive the proposed dividend and participate in the upcoming AGM.

To endorse the dividend, the bank is holding its 19th Annual General Meeting on Kartik 27 (approximately November 13) at Hotel Pokhara Grande in Pokhara, starting at 11 AM. The AGM will primarily focus on passing the special resolution to distribute the announced dividend to its shareholders.

Other significant agendas for the AGM include special resolutions to approve the relocation of the registered office, changing the bank's seal and logo, and granting the board of directors the full authority to proceed with the merger or acquisition of other suitable banks and financial institutions. Furthermore, the meeting will pass resolutions related to amending the memorandum and articles of association and appointing an auditor for the upcoming fiscal year.