Dhaka, Bangladesh (BBN)– The board of directors of Eastern Housing Limited has recommended cash dividend at 10 percent  and stock dividend at 5.0 percent for the year ended on July 31, 2011.

The board has also decided to increase authorized capital of the company to BDT 2.0 billion from BDT 1.0 billion and to change the face value of shares from BDT 100.00 to BDT 10.00 each and market lot from 20 to 100 shares.

Extraordinary general meeting (EGM) and annual general meeting (AGM) will be held at officers club in Dhaka on November 24 this year.

 Record date for EGM and AGM has been fixed on November 02, 2011.

The company has also reported EPS of BDT 40.43, NAV per share of BDT 190.29 and NOCFPS of BDT 46.66 for the year ended on July 31, 2011.

“There will be no price limit on the trading of the shares of the company on Wednesday following its corporate declaration,” an announcement said.

BBN/SSR/AD-26Oct11-1:11 pm (BST)