The meeting will endorse a proposal of distributing 26 percent stock and 1.368 percent cash dividend for tax propose. Moreover, the meeting will also issue 4:1 right share of the paid-up capital maintained after bonus share distribution and restructure its share ownership to 51:49 of promoter and ordinary shares following NRB directive.
Similarly, the AGM will also delegate authority to BOD to forward merger/acquisition process after its failed attempt to merge with Kisan and Mirmire Laghubitta.
In this regard the company will close its book on January 27. Given that the company was previously in merger process with Kisan and Mirmire Laghubitta, stock trading of all three companies has been suspended since May 13.
