ACI Formulations Limited has declared a 20% cash dividend for its shareholders for the financial year that ended on 30 June 2020.
The declaration came from the 24th Annual General Meeting of ACI Formulations Limited virtually held at 10:00am on Thursday, reads a press release.
M Anis Ud Dowla, chairman of the company, presided over the meeting, it added.
The Audited Financial Statements for the year ended 30 June 2020 together with Reports of the Directors and Auditors of the company were approved by the shareowners in the meeting, reads a press release.
Shusmita Anis, managing director of the company, highlighted a few of the salient features of the business and addressed the issues raised by the shareholders.
She also expressed gratitude towards all stakeholders and acknowledged their co-operation.
She further mentioned the contribution and efforts of the employees of the company.