January 5, 2023

Aamra Networks, Aamra Technologies get nod to issue stock dividends

The Bangladesh Securities and Exchange Commission (BSEC) has consented to Aamra Networks Limited and Aamra Technologies Limited’s decision to issue stock dividends for the last fiscal year but rejected a similar move by Tosrifa Industries Limited.

In a filing on the Dhaka Stock Exchange today, Aamra Networks said the BSEC had accorded its consent for raising the paid-up capital through the issuance of a 5 per cent stock dividend for the year that ended on June 30.

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Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock.

Similarly, Aamra Technologies received the regulatory nod to increase its paid-up capital by providing a 6 per cent stock dividend for 2021-22.

Tosrifa Industries said its decision to raise the paid-up capital by issuing a 2 per cent stock dividend for the last financial year had been rejected by the stock market regulator.

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