For this, the company has proposed to issue FPO worth Rs 104.8 million in its upcoming 17th AGM.
Presently, the company has a paid-up capital of Rs 503.1 million. The meeting is endorsing a proposal of distributing 25 percent stock and 11.8421 percent cash dividend to its shareholders.
After the bonus share distribution, the paid-up capital will reach Rs 628.8 million. The company is conducting its AGM on January 10 in Amrapali Banquet.
The company is closing its book on December 25 to January 10, thus, the shareholders registered in its book till December 24 will be eligible to attend the AGM and obtained announced dividend.
