The meeting will endorse a proposal of distributing 8.13 percent stock and 0.428233 percent cash dividend. Similarly, it will approve a proposal of issuing further public offering (FPO) to the general public and rename the company as per NRB directive.
Moreover, the meeting will delegate authority to BOD to amend its article and memorandum of association as per the changes taken place after dividend distribution and FPO issue, to forward merger/acquisition process with suitable partners and to carry out necessary procedure as per the direction of authorities.
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.
