The Bangladesh Securities and Substitute Price (BSEC) has reduced Monno Agro & Total Equipment’s stock dividend fee to 22% from 25%.
In a designate-soft knowledge disclosure, Monno Agro acknowledged the price on 12 December authorized a 22% stock dividend for One year 2023-24 ended on 30 June 2024 even if the company’s board of directors had proposed a 25% stock dividend.
The yarn date for entitlement to the regulator-authorized dividend has been mounted for 22 December.
The dividend is area to approval by shareholders at the upcoming annual long-established meeting (AGM) scheduled for 28 December.
Fixed with disclosures printed in November, Monno Agro had suggested a 25% stock dividend to utilise the retained amount as capital, with the dividend declared from its accrued profits.
Beforehand, the company paid a 3% money and a 32% stock dividends for FY23. Then, the 32% stock dividend modified into issued to fulfill the regulator’s requirement, because the company’s paid-up capital modified into under Tk30 crore.
For the time being, its paid-up capital is Tk3.60 crore with 36.06 lakh shares, per the Dhaka Inventory Substitute (DSE).
FY24 income
Fixed with price-soft knowledge, Monno Agro’s bag income for FY24 a shrimp bit declined by 2.19%.
On the quit of FY24, its bag income after tax fell to Tk77.37 lakh, when when compared with Tk79.11 lakh in the outdated fiscal One year.
Its earnings per fragment stood at Tk2.15, down from Tk2.19 in FY23.
Monno Agro is a subsidiary of Monno Community of Industries. The company modified into listed on the DSE in 1982.
Sponsor-directors again 32%, institutions 7.34%, international investors 0.09%, and the long-established public 60.57% of the company’s shares.
Its fragment designate closed at Tk419 every on the DSE on Sunday.