The AGM will endorse a proposal of distributing 12 percent of stock dividend and 2.5 percent bonus share to its shareholders. Moreover, the meeting will approve a cash dividend worth Rs 3.9 million for tax purposes.
The meeting will also amend its promoter and ordinary shareholders’ ratio to 49:51 from the existing 35:65 and delegate authority to BOD to amend the article of association and policies as per the directives of regulatory bodies.
For the AGM, the company will close its book from October 27 to November 10, thus, the shareholders registered in its book till October 26 will be eligible to attend the AGM and obtain the announced dividend.
