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IDCOL holds 27th AGM

Published : Monday, 11 November, 2024 at 12:00 AM  Count : 285
Business Correspondent
 
The 27th Annual General Meeting (AGM) of Infrastructure Development Company Limited (IDCOL) was held at Board Room (Level-1), InterContinental Hotel, 1 Minto Road, Dhaka recently, says a press release. 

Md. Shahriar Kader Siddiky, Chairman, IDCOL and Secretary, Economic Relations Division presided over the meeting.
 
During the FY 2023 Company's profit before tax and provision was Tk. 553.13 crore. 

The AGM declared the dividends for a total amount of Tk. 100 crore from the profit made by the Company during FY 2023. The dividends are as follows:

1. An amount of Tk. 50 crore to be paid to the Government as cash dividend; and 2. An amount of Tk. 50 crore be used for increasing the Company's paid-up capital to Tk. 888 crore from the existing Tk. 838 crore by way of issuing bonus shares.



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