The upcoming AGM of the company is set to approve a proposal of reviewing its name and address. The AGM is subjected to endorse a proposal of distributing 6.6666 percent stock and 7.3684 percent cash dividend of the paid-up capital maintained after the recently issued 50 percent right shares.
Moreover, the meeting will approve a proposal of issuing 200 percent right shares of the paid-up capital of Rs 60.6 million maintained after the recently issued right shares.
Furthermore, the meeting is supposed to endorse financial reports including BOD report, balance sheet, profit and loss account and cash flow, appoint auditor for the current FY and amend its Article of Assciation (AoA) and policies.
For the AGM, the company is closing its book from November 28 till December 13, thus, the shareholders registered in its book till November 27 will be eligible to attend the AGM and obtain the announced dividend.
