The AGM will endorse a proposal of distributing 22.20 percent dividend including 21.09 percent stock and 1.11 percent cash dividend for tax purposes.
Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process with suitable partners and issue 100 percent right shares of the paid-up capital maintained after the right issue.
In this regard, the company is closing its book from January 1, thus, the shareholders registered in its book till December 31 will be eligible to attend the AGM and obtain the announced dividend.
Presently, the company has a paid-up capital of Rs 210 million that will reach Rs 254.3 million after the bonus share distribution.
