The meeting will endorse a proposal of distributing 10 percent stock and 7.5 percent cash dividend to its shareholders.
Similarly, the meeting will delegate authority to BOD to forward the merger/acquisition process with suitable partners and amend the article of association to carry out remittance services.
In this regard, the company is closing its book on March 17, thus, the shareholders registered in its book till March 16 will be eligible to attend the AGM and obtain the announced dividend.
Currently, the company has a paid-up capital of Rs 121 million that will reach Rs 133.1 million after the 10 percent stock dividend distribution.
