GPH Ispat approves 5pc cash dividend at 19th AGM

The 19th Annual General Meeting (AGM) of GPH Ispat Limited was held on 31 December 2025 at 11:00am via a digital platform.

The meeting was presided over by Md Alamgir Kabir, Chairman of the company. Mohammed Jahangir Alam, Group Chairman and Managing Director; Mohammed Almas Shimul, Additional Managing Director; Directors Mohammad Ashrafuzzaman, Md Abdul Ahad and Md Azizul Hoque; Independent Director Safiul Alam Khan Chowdhury; Directors Sadman Syka Sefa, Salehin Musfique Sadaf, Ali Mohammad Sadi Sazzed and Saiham Sadik Pial; Mukter Hossain Talukder, FCA, Group Chief Executive Officer; Kamrul Islam, FCA, Executive Director (Finance and Business Development); H M Ashraf-Uz-Zaman, FCA, Group Chief Financial Officer; and senior officials of the company were present. A large number of shareholders, bankers and other stakeholders joined the AGM virtually. The meeting was conducted by Md Mosharraf Hossain, Company Secretary.

During the AGM, the audited financial statements for the year ended 30 June 2025, together with the auditors' report and the report of the Board of Directors, were unanimously approved. Shareholders also approved a 5 per cent cash dividend for general shareholders, excluding sponsors and directors, for the financial year 2024–2025. All other agenda items placed before the meeting were also approved.

In his welcome address, Chairman Md Alamgir Kabir noted that despite a challenging operating environment marked by economic volatility, rising bank interest rates and inflation during the 2024–2025 financial year, the company remained focused on improving production efficiency, controlling costs and maintaining product quality. He stated that GPH Ispat would continue to prioritise innovation, research and development, quality assurance and customer satisfaction to support sustainable growth and long-term value creation.

Group Chairman and Managing Director Mohammed Jahangir Alam stated that the slowdown in construction and infrastructure activities, alongside the closure of government projects, had reduced domestic demand for construction materials, particularly MS rods. Despite these challenges, he noted, the company continued efforts to enhance national construction standards and to create long-term value for stakeholders.

He highlighted the company's 600-grade rebar and bespoke cut-and-bend services under the GPH One brand, as well as its partnership with Leviat, a subsidiary of CRH, to supply mechanical couplers, precast accessories, post-tensioning systems and integrated glass façade accessories. He also noted ongoing work on seismic base isolation systems to enhance the earthquake resilience of critical infrastructure.

Additional Managing Director Mohammed Almas Shimul assured shareholders that safeguarding shareholder interests remains a priority, noting that management is working to improve factory efficiency and expand sales and marketing initiatives. Independent Director Safiul Alam Khan Chowdhury also addressed the shareholders.