Kathmandu. Sarbottam Paints Industries has called its fifth Annual General Meeting.
Today’s meeting of the Board of Directors of the company has decided to hold the AGM on July 9. The meeting will begin at 1:00 pm at Hotel Jungle Spa in Godavari, Attariya, Kailali.
The meeting will also approve a proposal to distribute bonus shares worth Rs 3,40,000,000 to 10 per cent of the current paid-up capital of Rs 34 crore for FY83. The meeting will also approve a cash dividend of Rs 17,89,474 allocated by the company for tax purposes for bonus shares.
For the purpose of the meeting, the company has decided to close the book on September 3. This means that only shareholders who have remained in power as of September 28 will be eligible to receive the dividend of the company and attend the meeting.
