The meeting is supposed to endorse a proposal of distributing 6 percent stock and cash dividend worth Rs 3.2 million.
Moreover, the meeting will approve a proposal of maintaining promoter and general shareholders ratio at 60:40 in its article of association and elect 4 directors from promoter shareholders and 6 directors from general shareholders.
In this regard, the company will close its book from February 24, thus, the shareholders registered in its book till February 23 will be eligible to attend the AGM and obtain the announced dividend.
The company has appointed Global IME Capital as its issue manager. Presently, the company has a paid-up capital of Rs 1.02 billion that will reach Rs 1.08 billion after the bonus share distribution.
