NEPSE adjusted the stock price at Rs 949.19 after adjusting 24 percent stock dividend. 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 the merger/acquisition process with a suitable partner.
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.
