Previously, the AGM was scheduled to convene on June 26, however, the meeting was postponed due to short of a quorum. As per a provision on Article of Association of the company, a quorum of at least 67 percent of ordinary shareholders is required to convene the AGM, but, only 51 percent of promoters and 56 percent of ordinary shareholders were presented for the AGM on the day.
The meeting will endorse its financial reports, appoint an auditor for the current FY, elect four directors from ordinary shareholders, approve CSR amount and amend subsection 1 and 2 of Section 5 of its article of association.
In this regard, the company closed its book on June 4, thus, the shareholders registered in its book till June 3 will be eligible to attend the AGM.
