Padma Oil approves 50pc cash, 200pc stock dividends
Thursday, 11 February 2010
FE Report
Padma Oil Company Limited has approved 50 per cent cash dividend and 200 per cent stock dividend for the year 2008-2009, according to a press release.
The company at its 40th annual general meeting (AGM) on February 6 also approved an increase of authorised capital to Tk 1.0 billion and raise the number of directors to eight.
The AGM was held its main site in Guptakhal under Patenga in Chittagong.
Padma Oil Company Limited Chairman Anwarul Karim presided over the meeting while directors of the company Md Fariduddin, Kazi Shafiqul Azam, Mohammed Abdul Awal, Md Showkat Hossain, among others, Managing Director Md Abul Khair were also present on the occasion.
The shareholders expressed their keen interest in and deep satisfaction with the company. Chairman and Managing Director of the company replied to the queries from the shareholders.
Padma Oil Company Limited has approved 50 per cent cash dividend and 200 per cent stock dividend for the year 2008-2009, according to a press release.
The company at its 40th annual general meeting (AGM) on February 6 also approved an increase of authorised capital to Tk 1.0 billion and raise the number of directors to eight.
The AGM was held its main site in Guptakhal under Patenga in Chittagong.
Padma Oil Company Limited Chairman Anwarul Karim presided over the meeting while directors of the company Md Fariduddin, Kazi Shafiqul Azam, Mohammed Abdul Awal, Md Showkat Hossain, among others, Managing Director Md Abul Khair were also present on the occasion.
The shareholders expressed their keen interest in and deep satisfaction with the company. Chairman and Managing Director of the company replied to the queries from the shareholders.