The meeting will endorse a proposal of distributing 10.45% stock and 0.54% cash dividend for tax purpose. The AGM will also approve a proposal of decreasing its promoter shareholdings to 51 percent from existing 70 percent.
Moreover, the meeting will amend its article of association and policies and delegate authority to BOD to forward merger or acquisition process.
In this regard, the company is closing its book on March 25, thus, the shareholders registered in its book till March 24 will be eligible to attend the AGM and obtain the announced dividend.