News Briefs (2022-05-23)

Disbursement of dividend
Indo-Bangla Pharma-ceuticals Ltd: The company has disbursed the cash and stock dividend for the year ended June 30, 2021 to the respective shareholders.
Board meetings
Berger Paints Bangladesh Ltd: A board meeting of the company will be held on May 30, 2022 at 4:45 PM to consider, among others, audited financial statements of the company for the year ended March 31, 2022.
Islami Insurance Bangladesh Limited: A meeting of the board of directors will be held on May 29, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the company for the first quarter period ended March 31, 2022.
Decision to
hold EGM
Pioneer Insurance Company Ltd: The company has informed that the board of directors has decided to hold an EGM for the amendment of the article No.123 of the Articles of Association of the company. The EGM will be held on June 27, 2022 at 10:45 am on a digital platform. The record date is May 25, 2022.
Credit rating
Mercantile Bank: Credit Rating Information and Services Ltd. (CRISL) has informed that the rating committee of CRISL has assigned rating of Mercantile Bank Limited as "AA" in the long term and "ST-2" in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2021, unaudited financials up to March 31, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Global Heavy Chemicals: ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of Global Heavy Chemicals Ltd as "A+" for long term and "ST-2" for short term along with stable outlook based on audited financials of the company up to June 30, 2021 and unaudited financial statements ending March 31, 2022.
— DSE/CSE Online