Previously, the company was supposed to conduct 19th AGM on May 16, however, it got postponed due to the implication of prohibitory orders in Kathmandu and other cities.
The meeting will approve a proposal of distributing 8 percent stock and 0.42 percent cash dividend to its shareholders.
Similarly, the meeting will restructure its promoter and ordinary shareholders’ ratio to 51:49 from the current 60:40.
In this regard, the company closed its book on May 2, thus, the shareholders registered in its book till May 1 are eligible to attend the AGM and obtain the announced dividend.
