The board of directors of Berger Paint has recommended 525 per cent cash dividend for the year ended March 31, 2025. The AGM of the company will be held on August 25 online at berger.bdvirtualagm.com. The record date is July 24.
The company will invest Tk聽5 crore and 10 lakh (51 per cent equity share) for establishment of a new subsidiary company named Jenson & Nicholson Packaging Limited (JNPL), according to DSE website.
Jenson & Nicholson (Bangladesh) Limited, a wholly owned subsidiary of Berger Paints Bangladesh Limited, will invest Tk 4 crore and 90 lakh to subscribe to remaining 49 per cent equity in JNPL. The company will manufacture different packaging products at National Special Economic Zone.
The board of directors also decided to amend the land lease agreement with Bangladesh Economic Zones Authority for bifurcation of the use of 39.41 acre land between Berger Paints Bangladesh Limited (38.25 acre) and JNPL (1.16 acre) where JNPL will establish its plant.
Berger Paint has requested the shareholders to update their mobile number, address, bank details, email and 12-digit Taxpayer鈥簊 Identification Number (e-TIN) through depository participant before the record date.
The company has also requested the Brokerage Houses/DPs to provide the statement of dividend entitlements with details of their margin loan holders within seven days of record date by email to [email protected] followed by hard copy letter.
The statement should include the shareholder鈥簊 name, BO ID number, e-TIN, client-wise shareholding position, gross dividend receivable, applicable tax rate and net dividend receivable, bank account number, routing number, contact number and others.