Two independent directors appointed at Keya Cosmetics

The Bangladesh Securities and Exchange Commission (BSEC) has appointed two independent directors at Keya Cosmetics for improving corporate governance.

The newly appointed independent directors are Associate Professor at Department of Finance, University of Dhaka Pallabi Siddiqua and Associate Professor at Department of Management, University of Dhaka Md Mesbah Uddin, according to a notice sent by the securities regulator to the company on April 19.

The appointment was made in response to the company’s application.

Of the company’s total stake, the sponsors or directors hold 46.27 per cent, institutional investors 8.76 per cent, and general public 44.97 per cent as of March 31, 2022.

On Sunday, Keya Cosmetic’s share price gained 1.33 per cent to Tk 7.6 on the Dhaka Stock Exchange.

The company’s net asset value (NAV) per share was Tk 0.23 as of June 31, 2020.

Listed in 2001 in the pharmaceuticals and chemicals sector, the company’s paid-up capital is Tk 1,102 crore and authorised capital Tk 1,500 crore.