IBN SINA Pharmaceutical holds 38th AGM

The 38th annual general meeting (AGM) of The IBN SINA Pharmaceutical Industry PLC was held on a virtual platform on Sunday.
The company's Chairman Kazi Harun or Rashid presided over the meeting, said a press release.
A large number of shareholders and the organisation's Managing Director Prof Dr A K M Sadrul Islam, among others, attended the virtual AGM, where directors' report, auditors' report and audited financial statements for the financial year 2021-22 were presented.
The AGM approved a 60 per cent cash dividend for the FY 2021-22.
Kazi Harun or Rashid and Prof Dr AKM Sadrul Islam were re-elected as director by rotation.
The company had made a significant contribution in the year under review by paying the national exchequer Tk 1,78,95,84,826 in income tax, VAT and other applicable taxes.
As per Bangladesh Labour Laws, the company has transferred 5 per cent of the profit to the Workers' Profit Partici-pation Fund.