Market Digest

IDCOL holds AGM

Staff Correspondent

7 July, 2021 12:00 AM printer

Infrastructure Development Company Limited (IDCOL) has organised the 24th annual general meeting (AGM) through virtual platform recently.

 IDCOL Chairman and Secretary of Economic Relations Division Fatima Yasmin presided over the meeting, said a press release.

According to a financial statement, the company has reported Tk 3.18 billion as profit before tax and provision in 2020.

Out of Tk 460 million dividends, Tk 230 million to be paid to the government as cash dividend and Tk 230 million to be used for increasing the company’s paid-up capital to Tk 7.38 billion from the existing Tk 7.15 billion by issuing bonus shares. IDCOL Shareholder and Principal Secretary to the HPM, Prime Minister’s Office Dr Ahmad Kaikaus, National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem, IDCOL Director and Shareholder and Senior Secretary of Finance Division Abdur Rouf Talukder, IDCOL Director and Shareholder and Secretary to Prime Minister’s Office M Tofazzel Hossain Miah, IDCOL Director and Shareholder and Secretary of Power Division Md Habibur Rahman, IDCOL Shareholder and Secretary of Ministry of Commerce Tapan Kanti Ghosh, IDCOL Shareholder and Additional Secretary of Economic Relations Division Abdul Baki, IDCOL Director and Shareholder Nihad Kabir, IDCOL Director and Shareholder Abdul Haque, IDCOL Director and Shareholder AKM Nurul Fazal Bulbul and IDCOL Executive Director and CEO Mahmood Malik attended the meeting.


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