Dhaka, Bangladesh (BBN) - Keya Cosmetics Ltd, one of the leading cosmetics manufacturing company in Bangladesh, recommended 20 percent stock dividend, said an office disclosure on Wednesday.
The board of directors of Keya proposed the dividend for the year ended on June 30 this year.
The board has also decided to increase the authorised capital of the company from BDT 6500 million to BDT 7500 million by amending the Clause - V (Uma) of the Memorandum of Association and Clause - 5 of the Articles of Association subject to approval of shareholders.
The approval will come during the annual general meeting (AGM) of the cosmetics company, the disclosure added.
Meanwhile, the final nod of the dividend will also come during the AGM scheduled to be held on February 18 next year.
The AGM will be held at factory premises at Jarun in Konabari of Gazipur at 11:00am.
The record date of the company is December 30.
The company has also reported consolidated earnings per share (EPS) of BDT 0.29, consolidated net asset value (NAV) per share of BDT 16.67 and consolidated net operating cash flow per share (NOCFPS) of BDT 1.87 for the year ended on June 30, 2015.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
BBN/SS/AI