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Bata holds AGM, approves 335pc cash dividend

FE Online Desk | Published: June 21, 2018 14:19:37 | Updated: June 23, 2018 13:02:50


Bata Shoe Company (Bangladesh) Limited has organised its 46th Annual General Meeting (AGM) at its Tongi Factory Premises in Gazipur.

The board also approved the final dividend of 105 per cent and interim dividend of 230 per cent, which has already been paid in December 2017, at the meeting held on Thursday.

Mr. Rajeev Gopalakrishnan, the chairman of the company, presided over the meeting where a large number of shareholders were present.

The shareholders also approved the audited financial statements for the year 2017 at the AGM, says a media release.

Mr Rajeev, in his address to the shareholders, reported the future plan and challenges and expansion of the manufacturing company.

The shoe company contributed approximately Tk 2,414 million to the national exchequer in the form of corporate tax, VAT, custom duties and other taxes, he said.

Mr. Chitpan, managing director of Bata Shoe Co. (BD) Ltd, Mr. Sohail Aslam, finance director of the show maker, along with other directors of the company also attended the meeting.

The chairman conveyed his sincere thanks to all valued shareholders, customers, suppliers, employees and the government for their continuous support extended to the company.

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