A May 22 general meeting of shareholders of Pazardjik-based Elhim Iskra will vote on a proposal to raise the capital of the starters and traction batteries plant from BGN 836,000 to BGN 12.55m. The proposal for the increase which will be done with retained earnings, comes from one of the major shareholders-Stara Planina Hold. If voted Elhim Iskra will distribute 11.7m new shares or 14 per shareholder. Elhim Iskra posted revenues of BGN 20.7m in 2006, up from BGN 16.6m a year ago. Profits rose to 578,000 versus 369,000 levs a year earlier.