Published:  12:31 AM, 18 July 2017

Marico holds 17th AGM

Marico Bangladesh Limited (MBL) held its 17th annual general meeting (AGM) on Monday at Radisson Blu Dhaka in the city.

Chairman of the board of directors of Marico Bangladesh Limited Saugata Gupta presided over the meeting. Managing Director Naveen Pandey, Independent Directors Rokia Afzal Rahman, Masud Khan, Chair of the audit committee Ashraful Hadi and Directors Sanjay Mishra and Vivek Karve along with other management officials of the company attended the program.

A large number of shareholders were also present in the meeting wherein all proposed agenda were unanimously passed as per notice.  The major activities of the AGM were adoption of the director's report and auditor's report along with the audited financials of 2016-17, re-election and appointment of the Chairman and appointment of independent auditors.

During the AGM, a final cash dividend of 50 percent (equivalent to Tk 5 per share) was confirmed and approved. This was preceded by an interim cash dividend of 450 percent (equivalent to Tk 45 per share) declared and paid by the company for the first three quarters of the financial year bringing the total cash dividend to 500 percent (equivalent to Tk 50 per share)  for the year ended March 31, 2017, said an official statement.

The company's net profit after tax stood at Tk 144 crore with a top-line of Tk 692 crore. Conse-quently, the earnings per share (EPS) stood at Tk 45.72, said the company statement.

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