Garima Bikas Bank Limited Successfully Concludes Its 20th Annual General Meeting

The 20th Annual General Meeting (AGM) of Garima Bikas Bank Limited was successfully held on Monday, Ashoj 26, 2083, at Hotel Pokhara Grande, Pokhara Metropolitan City, Kaski District.

The Annual General Meeting approved all the proposals presented, including the distribution of a total dividend of 20 percent, comprising 10 percent bonus shares and 10 percent cash dividend (including applicable taxes on the proposed bonus shares and cash dividend) to shareholders based on the Bank's existing paid-up capital.

The Annual General Meeting also approved the Bank's Annual Report for the Fiscal Year 2082/83, the Balance Sheet as of Ashadh End 2083, along with the Auditor's Report, Profit and Loss Account for FY 2082/83, Cash Flow Statement, Profit and Loss Appropriation Account, Statement of Changes in Equity, and other related schedules. Furthermore, the meeting approved proposals including the appointment of an auditor to conduct the audit for the Fiscal Year 2083/84.

Currently, the Bank's paid-up capital stands at Rs. 6 Arba 2 Crore 13 Lakh 48 Thousand 367 and Paisa 22. Following the distribution of the 10 percent bonus shares approved by the Annual General Meeting, the Bank's issued and paid-up capital will increase to Rs. 6 Arba 62 Crore 34 Lakh 83 Thousand 203 and Paisa 94.