The meeting will endorse a proposal of distributing 51 percent dividend including 31 percent stock and 20 percent cash dividend to its shareholders.
Moreover, the meeting will approve a proposal of stock split i.e. to reduce the face value of the stock at Rs 50 from the existing Rs 100.
In this regard, the company will close its book on January 27, thus, the shareholders registered in its book till January 26 will be eligible to attend the AGM and obtain the announced dividend.
