AGM delay sinks Sikder Insurance shares over 6%
In a regulatory filing with the Dhaka Stock Exchange (DSE), the company cited “unavoidable circumstances” for the delay, without elaborating further.
Shares of Sikder Insurance Company Limited tumbled today (6 September) after its board postponed the company's 13th Annual General Meeting (AGM), originally scheduled for 27 September.
In a regulatory filing with the Dhaka Stock Exchange (DSE), the company cited "unavoidable circumstances" for the delay, without elaborating further.
The announcement triggered a sharp sell-off on the trading floor, with the stock plunging 6.28% to close at Tk37.30.
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The general insurer said a revised date, time, and venue for the AGM would be notified to shareholders in due course.
The postponement comes at a sensitive time for investors, who were awaiting approval of a 10% cash dividend recommended for the 2025 financial year. Notably, the board had proposed the dividend exclusively for general shareholders, with sponsors and directors, who together hold 2.40 crore shares, opting out of the payout to help strengthen the company's financial position.
Despite the administrative delay, the company's latest financial disclosures reveal a robust growth trajectory. For the first half of 2026 (January–June), Sikder Insurance reported a significant jump in its consolidated earnings per share (EPS) to Tk1.05, up from Tk0.35 in the corresponding period of 2025. In the second quarter (April-June) alone, its EPS stood at Tk0.19.
The company's Net Asset Value (NAV) per share also improved to Tk14.87 as of 30 June, compared to Tk13.94 in December 2025. However, its net operating cash flow per share (NOCFPS) saw a decline to Tk0.12 during the first half of the year.
For the full year ended 31 December 2025, the company reported an EPS of Tk1.36 and an NAV per share of Tk14.15. Listed on the stock exchanges in 2024, the insurer is currently traded under the "B" category.
Sikder Insurance is a concern of the prominent business conglomerate Sikder Group, with group members and sponsors holding a 50.40% stake in the company. Institutional investors hold 7.03%, while the remaining 42.57% is held by the general public.
Market analysts suggest that while the earnings growth is a positive signal, the sudden postponement of the annual meeting has created a temporary wave of uncertainty among retail investors.
