Elhim-Iskra JSC (BUL:ELHM) said on March 27, 2024 that it is proposing to its shareholders to skip dividend distribution for 2023 and raise its capital by up to BGN 110 million ($61.1 million/EUR 56.2 million). The company plans to cover its net loss of BGN 688,476 reported for 2023 using its undistributed profit from previous years, Elhim Iskra said in a stock exchange filing. Additionally, Elhim Iskra intends to increase its capital by issuing new shares over five years.

The proposals will be put to the vote at a general meeting of shareholders scheduled for June 13.