The 55th Annual General Meeting (AGM) and 10th Special General Meeting of Eastern Lubricants Blenders Limited (ELBL) has approved 60% cash and 10% stock dividend i.e. total 70% dividend.
The meeting was held through a virtual platform on Saturday morning. Meanwhile, a special proposal to change the name of the company from "Eastern Lubricants Blenders Limited" to "Eastern Lubricants Blenders PLC" was approved by the shareholders subject to the approval of the regulatory bodies as per the Companies Act 1994 (2nd Amendment 2020).
Bangladesh Petroleum Corporation Chairman (Secretary) and ELBL Board of Directors Chairman ABM Azad, NDC presided over the meeting.
Company Directors Khalid Ahmed, Anupam Barua, Muhammad Ashraf Hossain, Independent Directors Advocate Munsi Golam Mostafa and Md. Kamrul Hasan, Shareholder Director Nusrat Sultana, Managing Director Mohammad Shahidul Alam, CFO Md. Rezaul Karim Siddique, Company Secretary Abu Mohammad Saifuddin and BPC officers of the companywere present in the meeting among others.
The general shareholders expressed their opinion online on the company's audited financial statements and board of directors' report for the financial year ended 30 June 2023 and expressed their satisfaction with the overall performance of the company.
