The Board of Directors has recommended stock dividend @ 10% for the year ended on June 30, 2013. The Board has also recommended for raising paid up capital from Tk. 72,02,76,480.00 to Tk. 144,05,52,960.00 by issuing 7,20,27,648 Rights Shares @ 1R:1 (i.e. one Rights share against one ordinary share held) of Tk. 10.00 each to be issued at Tk. 15.00 each (including a premium of Tk. 5.00 per share) on paid up capital subject to the approval at AGM and also by the regulatory authorities. The purpose of the Rights issue is procurement of a spinning mill for uninterrupted supply of yarn as the backward linkage, expansion of weaving dept. and procurement of machinery for dyeing, printing and finishing dept. for ensuring the production quality (cont.)