The company is conducting its AGM in Darcy’s International Hotel, Butwal at 11:00 AM.
The meeting will endorse a proposal of distributing 24 percent stock and 1.27 percent cash dividend to its shareholders. Similarly, the meeting will approve a proposal of issuing 3:1 right shares to its existing shareholders.
Moreover, the meeting will elect two board members, appoint one freelance director and delegate authority to BOD to forward merger/acquisition process with a suitable partner.
For the AGM, the company is closing its book from January 10, thus, the shareholders registered in its book till January 9 will be eligible to attend the AGM and obtain the announced dividend.
Presently, the company has a paid-up capital of Rs 61.8 million that will reach Rs 76.7 million after the bonus share distribution.
