The company will distribute Rs 223.1 million as bonus share and Rs 11.7 million as cash dividend for tax purpose.
The proposed dividend is subjected to approval from the SGM called on 24 September. Given that the endorsement of the proposed dividend from AGM of the company may take long time due to unmet minimum paid-up capital required as per IB directive, the company is endorsing the dividend proposal from SGM.
After the dividend distribution, the paid-up capital of the company will reach the minimum requirement of IB.
For the SGM, the company is closing its book on September 17, thus, the shareholders registered in its book till September 16 will be eligible to attend the SGM and obtain the announced dividend.
