Lovello approves 20% dividend
The 13th annual general meeting (AGM) of Taufika Foods & Lovello Ice-Cream PLC, a listed food and allied sector company, was held on Monday at 11:30am via hybrid platform at Hotel Amari, Dhaka.
The meeting was presided over by Datin' Shamima Nargis Haque, chairman of the Board of Directors of the company.
At the meeting, the company's managing director, Dato' Engr Md Ekramul Haque, presented the meeting's report and informed the shareholders about the company's important issues and future plans.
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Ekramul Haque also expressed hope that the company's success and progress will continue in the coming days.
Shareholders, both physically and virtually, expressed their opinions at the AGM and approved other agendas, including the recommended 20% dividend (10% cash and 10% stock dividend) for the 2023-2024 financial year.
Investors thanked the management for the company's significant progress in the past years and provided valuable suggestions for improving business operations.
Director Muhsinina Taufika Ekram, Director Muhsinina Sharika Ekram, Independent Director Ruhul Ameen FCMA, Company Secretary Md Moheuddin Sarder, CFO Mustaque Ahmed, and Head of Internal Audit and Compliance Md Mahfuzur Rahman, were also present at the AGM.
