Marico Bangladesh holds 22nd AGM

The 22nd Annual General Meeting (AGM) of Marico Bangladesh Limited (Marico) was held virtually on Monday.

During the AGM, a final cash dividend of 200 percent (equivalent to Tk. 20 per share) was confirmed and approved. This was preceded by three interim cash dividend of 600 percent (equivalent to Tk. 60 per share) declared and paid by the Company quarterly in this financial year - bringing the total cash dividend to 800 percent (equivalent to Tk. 80 per share) for the year ended March 31, 2022.

Mr. Saugata Gupta, Chairman of the Board of Directors of Marico, presided over the meeting. The Managing Director of Marico - Mr. Ashish Goupal, together with the members of the Board, Independent Directors-Ms. Parveen Mahmud (Chair of the Audit Committee), Mr. Zakir Ahmad Khan (Chair of the Nomination & Remuneration Committee) and Non-Executive Director- Mr.and Mr. Pawan Agrawal - along with other management officials of the Company were present at the AGM.

The AGM welcomed new Directors on the Board of Marico Bangladesh, namely, Mr. Rajat Diwaker as Managing Director and Ms. Sheela Rahman as Independent Director while Mr. Ashish Goupal resigned as Managing Director and was appointed as Non-Executive/Nominee Director.

Speaking about the performance of the Company, Mr. Saugata Gupta said that the Company's net profit after tax stood at BDT 355 crores with a topline of BDT 1303 crores. Consequently, the earnings per share (EPS) stood at BDT 112.82.

Mr. Gupta also updated the shareholders that in the last financial year, the Company has contributed BDT 4.15 billion to the national exchequer in taxes, VAT and duties.