Crown Cement approves 20pc cash dividend

The shareholders of Crown Cement PLC (former M I Cement Factory Limited) have approved 20 per cent cash dividend, which was recommended by the board of directors for the year ended on June 30, 2023.

The approval came at the 29^th Annual General Meeting (AGM) of the company, held through a digital platform at 3:00 PM on Wednesday (December 20), according to a media release.

The Financial Statements for the year ended on June 30, 2023 and Auditors’ Report thereon, Report of the Board of Directors; Election of the Board of Directors; Appointment of the Statutory Auditors and the Corporate Governance Compliance Auditors for the year ending June 30, 2024 as well as the fixation of their remuneration were approved at the AGM.

Mohammed Jahangir Alam, Chairman of Crown Cement PLC, presided over the AGM.

The meeting was also attended by Vice-Chairman Md Alamgir Kabir, Managing Director Mollah Mohammad Majnu, Additional Managing Director Md Mizanur Rahman Mollah, Director Mohammed Almas Shimul, Independent Director Prof Dr M Abu Eusuf, Chief Adviser of the Board Masud Khan, FCA, FCMA.

The Sponsor Shareholders Md Ashrafuzzaman and Md Abdul Ahad, Chief Financial Officer Mohammad Ahasan Ullah, FCA and other high officials of the company joined the meeting, the release says.  

The meeting was conducted by Md Mozharul Islam, FCS, Senior General Manager and Company Secretary.