The Financial Express

Deshbandhu Polymer AGM approves 10pc dividend

FE Online Desk | Published: December 21, 2017 13:18:57 | Updated: December 22, 2017 10:40:02

Deshbandhu Polymer holds 11th AGM, approves 10pc dividend

Deshbandhu Polymer Limited has organised its 11th Annual General Meeting (AGM) at Charsindur in Narsingdi district.

The AGM on Thursday approved 10 per cent stock dividend for the year ended on June 30, 2017, says a press release.

Deshbandhu Polymer Company Secretary MD Liakot Ali khan presided over the meeting.

The Managing director of the company Golam Rahman, Independent Director Mofiz Uddin Chowdhury, Director Md Akheruzaman, also attended at the meeting.

Each share of the company closed at Tk 24.10 on Sunday at Dhaka Stock Exchange (DSE).

Paid-up capital of the company is Tk 557.87 million and its authorised capital is Tk 3.0 billion while total number of its securities is 55.78 million.

The sponsor-directors own 33.54 per cent stake of the company while institutional investors own 7.82 per cent and the general public 58.64 per cent as of November 30, 2017.

Deshbandhu Polymer is a manufacturer of the best quality PP woven bag in Bangladesh suitable for packing all types of food grain, wheat flour, Chemicals, Cattle feed, Fish feed, Sugar, Rice, Fertiliser and many more things that need packing.

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