Bhagawati Composite Industries Limited Approves 10% Divident at AGM
Summary
Bhagawati Composite Industries Limited approved a 10% bonus share and a 20% rights issue at its 2nd Annual General Meeting in Bharatpur. The company also plans to raise its issued capital and move ahead with an IPO after completing legal and regulatory requirements.
Key Points
- Bhagawati Composite Industries Limited held its 2nd Annual General Meeting at Hotel Pauwa in Krishnapur, Bharatpur-7, Chitwan.
- The AGM approved a 10% bonus share distribution and a 20% rights issue after the bonus allotment.
- The company plans to increase its issued capital from Rs 420 million to Rs 750 million and proceed toward an IPO.
- The meeting endorsed the annual report and financial statements for FY 2082/83 and appointed an auditor and board members.
