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.
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.