After the proposed stock dividend, the company is planning to issue 100 percent right shares to its existing shareholders.
The 174th board of directors meeting of the company held on December 23 proposed of distributing bonus share worth Rs 1 billion and cash dividend worth Rs 21 million for tax purpose.
The company is conducting its AGM on January 14 in Nepal Pragya Pratisthan, Kamaladi, Kathmandu at 11:00 AM.
For the AGM, the company is closing its book on January 1, thus, the shareholders registered in its book till December 31 will be eligible to attend the AGM and obtain the announced dividend.
After the bonus and right issue, the current paid-up capital of Rs 10 billion will increase d to Rs 22 billion.