The company's board of directors meeting, held on November 26, proposed a 5 percent stock dividend and 0.2632 percent cash dividend for tax purposes to its shareholders.
Moreover, the meeting also decided to issue 100 percent right shares of the paid-up capital maintained after bonus share distribution.
The proposed dividend is subjected to approval from its upcoming AGM.
The company has called out its 12th AGM on December 27 in Amrapali Banquet, Thirbam Sadak, Kathmandu at 9 am.
In this regard, the company is closing its book on December 6, thus, the shareholders registered in its book till December 5 will be eligible to attend the AGM and obtain the announced dividend.
