The 47th Annual General Meeting (AGM) of Berger Paints Bangladesh Limited was held recently through digital platform.
Rupali Chowdhury, Managing Director of Berger Paints Bangladesh Limited, presided over the meeting while Chairman of the Board Gerald K Adams along with other directors Anil Bhalla, Jean-Claude Loutreuil, Anis A. Khan, Masud Khan, Rishma Kaur, Kanwardip Singh Dhingra, Sunil Sharma, Parveen Mahmud,Abdul Khalek and Chief Financial officer Sazzad Rahim Chowdhury attended the meeting said a press release issued by Berger Paints on Wednesday.
Rupali Chowdhury presented the Directors' Report, Auditors' Report and Audited Financial Statements for the year, which ended on March 31, 2020, before the shareholders the release added.
Rupali Chowdhury also replied to the shareholders' queries during the meeting.
295 percent Cash Dividend was declared for 2019-2020 in the meeting. As the year ended on March 31, 2020, net profit growth was 16.72 percent whereas sales growth was 6.13 percent.
This was the result of continuous efforts to optimize cost while remaining competitive in the market.
Moreover, during the year, Berger Paints Bangladesh Limited received Top VAT Payer Award under manufacturing category from the Government of Bangladesh.
Berger Paints Bangladesh Limited also received 'ICMAB Best Corporate Award 2018' in the category of multinational manufacturing industries for its sales and financial performance, contribution to national exchequer, HR management, corporate governance, shareholders' return, investment growth and CSR activities.
Berger Paints has also won the auspicious "Best Brand Award" in paint category for the 8th consecutive year.