The meeting will endorse a proposal of distributing 13 percent stock and 0.68 percent cash dividend for tax propose to its shareholders. After the bonus share distribution, the paid-up capital of the company will reach Rs 186.4 million.
The meeting will also approve a proposal of issuing 1:1 right shares of the paid-up capital maintained after bonus share distribution.
Similarly, the meeting will delegate authority to BOD to forward merger/acquisition procedure with suitable partners.
In this regard, the company will close its book on November 21, thus, the shareholders registered in its book till November 22 will be eligible to attend the AGM and obtain the announced dividend.
