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Marico Bangladesh Limited has approved 200 per cent final cash dividend.
The dividend was conformed at its 22nd Annual General Meeting (AGM) held virtually on Monday, according to a statement.
The dividend was preceded by three interim cash dividend of 600 percent (equivalent to Tk 60 per share) declared and paid by the company quarterly in this financial year – bringing the total cash dividend to 800 percent (equivalent to Tk 80 per share) for the year ended March 31, 2022, it said.
Saugata Gupta, Chairman of the Board of Directors of Marico, presided over the meeting. The Managing Director of Marico Ashish Goupal, together with the members of the Board, Independent Directors Parveen Mahmud (Chair of the Audit Committee), Zakir Ahmad Khan (Chair of the Nomination & Remuneration Committee) and Non-Executive Director and Pawan Agrawal along with other management officials of the company were present at the AGM, according to the statement.
A large number of shareholders attended virtually at the meeting wherein all proposed agenda were unanimously passed as per notice.
The major agenda of the AGM were: adoption of the Director’s Report and Auditor’s Report along with the Audited Financials of 2021-22, declaration of Final Dividend for the year ended March 31, 2022, re-election & appointment of the Directors, appointment of Statutory Auditors and approval of Related Party Transactions.
Speaking about the performance of the company, Saugata Gupta said that the company’s net profit after tax stood at Tk 355 crore with a topline of Tk 1,303 crore. Consequently, the earnings per share (EPS) stood at Tk 112.82.
