Meghna Cement Mills Limited (MCML), a unit of Bashundhara Group, approved 10 percent dividends for its shareholders in the capital market.

Board of Directors approved the dividends with consent from the shareholders who participated in the 30th annual general meeting (AGM) held virtually on Thursday (Dec 29).

Of the 10 percent dividends, 5 percent are cash dividends and other 5 percent are bonus shares.

Chaired by Bashundhara Group advisor Maynal Hossain Chowdhury, the meeting was also attended by MCML independent director Nurul Karim, and chief operating officer Md Fakhruddin virtually at the Bashundhara Industrial Headquarters in the capital.

Maynal Hossain Chowdhury said the Meghna Cement Mills overcame the pandemic situation successfully through the collective efforts of the customers, company staff and shareholders.

“We are trying to utilise the production capacity to increase the returns of investment of the shareholders."

According to company officials, the declaration of share dividends to the shareholders is a positive reflection of the company's success despite the global financial crisis and hundreds of adversities.

BDST: 1535 HRS, Dec 29, 2022
MSK/SMS