The meeting will endorse a proposal of distributing 12 percent stock and 0.632 percent cash dividend of the paid-up capital maintained after right issue. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process with suitable partners and appoint an auditor for the current FY.
In this regard, the company is closing its book from March 23, thus, the shareholders registered in its book till March 22 will be eligible to attend the AGM and obtain the announced dividend.
Presently, the company has a paid-up capital of Rs 405 million that will reach Rs 453.6 million after the bonus share distribution.
