Garima Development Bank Limited approved a total 20 percent dividend for its shareholders at its 20th Annual General Meeting on Monday at Hotel Pokhara Grand in Pokhara Metropolitan City. The approved distribution comprises 10 percent bonus shares and a 10 percent cash dividend, both calculated on the bank’s current paid-up capital. Shareholders also passed all other proposals presented at the meeting, including the annual report for fiscal year 2082/83.
Dividend approved by shareholders
The AGM endorsed a combined dividend of 20 percent, made up of two equal components: bonus shares equivalent to 10 percent of current paid-up capital and a cash dividend equivalent to a further 10 percent. The approval establishes the distribution shareholders accepted at the meeting; the two components together make up the announced total.
The resolution is based on the bank’s current paid-up capital. The AGM’s approval of the proposal is the confirmed outcome reported from the meeting. The available information does not specify a distribution date or other implementation details.
- Total approved dividend: 20 percent of current paid-up capital
- Bonus shares: 10 percent
- Cash dividend: 10 percent
Annual report and other proposals passed
The bank’s annual report for fiscal year 2082/83 was among the proposals approved at the AGM. The meeting passed all proposals presented, giving shareholder approval to the annual report as well as the dividend plan.
The reported resolutions provide the main outcomes of the bank’s 20th AGM: approval of the dividend and passage of the meeting’s other proposals. No additional details about individual agenda items or the contents of the annual report were provided.
Meeting held in Pokhara
Garima Development Bank convened the annual meeting on Monday at Hotel Pokhara Grand, located in Pokhara Metropolitan City. The gathering marked the bank’s 20th Annual General Meeting and brought the dividend proposal and annual report before shareholders for approval.
With the meeting’s proposals passed, the bank has secured shareholder approval for the 20 percent dividend split between bonus shares and cash, alongside its annual report for fiscal year 2082/83. The announced decision gives shareholders a clear breakdown of the approved distribution, while further details on the timing of the dividend were not included in the information released.
