The meeting is supposed to endorse a proposal of distributing 17 percent stock and 0.8947 percent cash dividend to its shareholders.
The company will distribute Rs 110.3 million in bonus share plus cash dividend worth Rs 122.4 million for tax purpose. After the bonus share distribution, its paid-up capital will reach Rs 800.7 million.
The company is closing its book on October 1 for the AGM, thus, the shareholders registered in its book till September 30 will be eligible to attend the AGM and obtain the announced dividend.
