The meeting will endorse a proposal of distributing 15 percent stock and 0.789 percent cash dividend to its shareholders.
The meeting will approve a proposal of electing one board of directors, increasing paid-up capital, revise promoter and ordinary shareholder ratio and others. Moreover, the meeting will delegate authority to BOD to forward the merger/acquisition with suitable partners.
In this regard, the company is closing its book on December 31, thus, the shareholders registered in its book till December 30 will be eligible to attend the AGM and obtain the announced dividend.
Presently, the company has a paid-up capital of Rs 105.8 million that will each Rs 121.7 million after the bonus share distribution.
