ADN Telecom Limited successfully conducts 21st Annual General Meeting

ADN Telecom Limited successfully conducted its 21st Annual General Meeting (AGM) at Lakeshore Hotel, Dhaka.

Marking a significant milestone, this was the company’s first hybrid AGM since its stock exchange listing, offering both in-person attendance and virtual participation via a dedicated online portal, according to a media release. 

The meeting was presided over by Mr. Asif Mahmood, Chairman of the Board of Directors. Also in attendance were Directors Mr. Md. Moinul Islam, Mr. Md. Mahfuz Ali Sohail, and Mr. Waqar Ahmad Choudhury; Independent Director Mr. Md. Maruf; Managing Director Mr. Henry Hilton; Honorable Advisors Mr. Md. Ziaul haque Khondker and Mr. Shahriar Akbar Chowdhury; and Chief Financial Officer Mr. Mohammad Nazim Uddin, FCA.

Company Secretary Mr. Md. Monir Hossain, FCS, conducted the proceedings, while Managing Director Mr. Henry Hilton delivered the welcome speech.

The AGM featured an in-depth discussion of the company’s activities and the audited financial statements for the fiscal year 2023-24. During the session, the Chairman, Managing Director, and Chief Financial Officer addressed shareholders' various queries and provided insights into the company’s performance.

Chairman Mr. Asif Mahmood highlighted the company’s significant profit growth, which facilitated the declaration of an attractive cash dividend. He expressed confidence in ADN Telecom’s continued profitability and reaffirmed its commitment to enhancing shareholder value in the future.

The meeting saw active participation from numerous shareholders, guests, well-wishers, and senior officials, both in-person and virtually. Shareholders offered valuable suggestions and positive feedback, commending the company’s ongoing initiatives and overall performance.

Key agenda items, including the approval of the audited financial statements for 2023-24 and a 10 per cent cash dividend payment, were approved by the shareholders.

In his closing remarks, Company Secretary Mr. Md. Monir Hossain extended heartfelt gratitude to all shareholders, stakeholders, regulatory bodies, well-wishers, and guests for their enthusiastic participation and unwavering support, which contributed to the meeting's success.