The 133rd board of directors meeting of the company held on June 5 decided to close the book for one day on June 17.
Thus, the shareholders registered in its book till June 16 will be eligible to apply for the right shares.
The company is issuing 288,000 units of right shares worth Rs 28.8 million. The company has appointed Siddhartha Capital as its issue manager.
The company is also distributing 10 percent stock dividend of the paid-up capital maintained after right issue.
Presently, the company has a paid-up capital of Rs 28.8 million that will reach Rs 63.3 million after the bonus share and right issue.
