The local bourse has adjusted the stock price at Rs 537.50 after the announcement of 20 percent stock dividend.
The company is conducting its 5th AGM on December 2 in the conference hall of Hotel Pathivara, Itahari at 11:00 AM.
The meeting will endorse a proposal of distributing 15 percent cash and 20 percent stock dividend to its shareholders.
Similarly, the AGM will approve a proposal of issuing 25 percent right shares of the paid-up capital maintained after the bonus share distribution.
The meeting will also amend its article of association and memorandum of association as per the revised paid-up capital.
Moreover, the meeting will delegate authority to BOD to forward the merger/acquisition process with a suitable partner.
