The Annual General Meeting of Bangladesh Steel Re-Rolling Mills Limited and BSRM Steels Limited

The Annual General Meeting of Bangladesh Steel Re-Rolling Mills Limited and BSRM Steels Limited was held on 24 December at 10:30 AM by using Digital Platform. The meeting was presided over by Mr. Alihussain Akberali FCA, Chairman of the Company. Chairman welcomed all shareholders to the 18th Annual General Meeting. In his welcoming speech, he stated that the company could not achieve expected profit due to COVID 19 pandemic. However, the Company could avoid major losses by efficient operational and financial management. He also praised various government initiates like sanction of stimulus packages @4.5% for corporate houses which supported them in this adverse situation.

Audited Accounts for the financial year 2019-20 along with the Report of the Board of Directors were approved in the meeting. Shareholders of the company attended virtually the meeting, approved the appointment of Directors, Professional Accountant & Auditors for the year 2020-21. The honorable Managing Director of the company presented the Report of the Board of Directors and discussed various important issues of the Company. Fifteen percent (15%) cash dividend and intercompany loan have been approved unanimously by the shareholders in the meeting.

A number of shareholders joined in the meeting, expressed their confidence, trust, and reliance on the board of directors of the company.