The meeting will endorse a proposal of distributing 10 percent stock and 0.53 percent cash dividend for tax purpose. Moreover, the meeting will delegate authority to BOD to forward the merger/acquisition process and amend article and memorandum of association.
In this regard, the company will close its book on April 23, thus, the shareholders registered in its book till April 22 will be eligible to attend the AGM and obtain the announced dividend.
Presently, the company has a paid-up capital of Rs 832.4 million that will reach Rs 915.6 million after the bonus share distribution.
