The meeting will endorse a proposal of distributing 15 percent stock and 5 percent stock dividend to its shareholders.
Similarly, the meeting will endorse a proposal of issuing 100 percent right shares of the current paid-up capital.
Presently, the company has a paid-up capital of Rs 194.8 million that will reach Rs 224 million after the bonus share distribution which will further increase to Rs 448 million after the right issue.
In this regard, the company is closing its book from December 29, thus, the shareholders registered in its book till December 28 will be eligible to attend the AGM and obtain the announced dividend.
