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The board of directors of Sonali Aansh Industries Limited has recommended 10 per cent cash dividend for the year ended on June 30, 2018.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 31, 2019 in Dhaka, said an official disclosure on Tuesday.
The record date for entitlement of dividend is December 26.
The company has also reported earnings per share (EPS) of Tk 1.71, net asset value (NAV) per share of Tk. 225.90 and net operating cash flow per share (NOCFPS) of Tk 51.64 in the negative for the year ended on June 30, 2018 as against Tk 1.65, Tk 225.19 and Tk 31.06 respectively for the same period of the previous year.
The board has also informed that they will add two object clauses (provision to issue corporate guarantee & all types of jute diversified product/leather product items to be added) and all articles of association of the company as per Companies Act, 1994 as under to be changed which will be placed before the AGM for approval of the shareholders of the company.
Each share of the company, which was listed on the Dhaka Stock Exchange in 1985, closed at Tk 573 on Monday.
In the last one year, its share traded between Tk 184.10 and Tk 639.
The company also disbursed 10 per cent cash dividend in 2017.
The company’s paid-up capital is Tk 27.12 million and authorised capital is Tk 100 million, while the number of securities is 2.71 million.
The sponsor-directors own 52.48 per cent stake in the company, while institutional investors own 5.63 per cent and the general public 41.89 per cent as on October 31, 2018.