The meeting will endorse a proposal of distributing 15.34 percent stock and 0.80 percent stock dividend to its shareholders. Moreover, the meeting will approve proposal of issuing further public offering (FPO) to proportionate ordinary and promoter shareholders ratio to 70:30 and delegate authority to BOD to forward merger/acquisition.
In this regard, the company will close its book from April 1, thus, the shareholders registered in its book till March 31 will be eligible to attend the AGM and obtain the announced dividend.
Currently, the company has paid-up capital of Rs 215 million that will reach Rs 248 million after the bonus share distribution.
