KDS Accessories declares 15 percent dividend

The board of directors of KDS Accessories Limited has approved a 15 percent dividend for its shareholders for the last financial year ending on June 30. 

The company will give 10 percent cash dividend, and five percent stock dividend. 

The decision came during the 28th Annual General Meeting of the company held on Thursday at a convention centre in Chattogram.

Khalilur Rahman, chairman of the company, was in the chair at the meeting while Selim Rahman, managing director, Kamrul Hasan, director, Jamal Uddin, independent director, Devasish Dash Paul, chief executive officer, Manjur-e-Khoda, company secretary, and many shareholders were also there.

"We face multifaceted challenges due to local competition and the price fall in international markets. Amid this situation, the company's export receipts rose by Tk23.13 crores last year," Khalilur said while hoping that the company would continue the momentum this year.

"We are exporting our accessories to the United States, Egypt, India, Oman, Sri Lanka, and Middle East countries. To expand our business, we are taking initiatives," he added.

The appointment of directors and external auditors and the audited financial statement for the last concluded financial year were also approved in the meeting.