Envoy Textiles holds 28th AGM

Tanvir re-elected MD

FE Team | Published: March 30, 2024 22:23:36

Kutubuddin Ahmed, founder and chairman of Envoy Textiles Limited, presided over the 28th AGM of the company at Gulshan Shooting Club in Dhaka on Thursday.

Envoy Textiles Limited held its 28th Annual General Meeting (AGM) on Thursday with critical outcomes for its leadership and board structure, says a statement.
At the meeting, Tanvir Ahmed was re-elected Managing Director (MD) for another term of five years.
The AGM, held in a hybrid format at Gulshan Shooting Club in Dhaka, was chaired by Kutubuddin Ahmed, the founder and chairman of Envoy Textiles Limited. A major reshuffling of the board took place at this meeting. An overwhelming 99.97 per cent of shareholders opposed the re-election of Shehrin Salam Oishee as a director, leading to her removal from the board.
She was replaced by Sunil Daulatram Daryanani, who was nominated by Epic Garments and elected a new director.
The AGM also unanimously re-elected Kutubuddin Ahmed and Sumayyah Ahmed as directors.
Adding to the backdrop of these decisions, in a previous Extra-ordinary General Meeting (EGM) held on March 2, Shehrin Salam Oishee was also not elected as Deputy Managing Director (DMD), indicating a significant shift in the company's executive leadership dynamics.