BSEC approves 10% stock dividend for Quasem Industries
Board fixes 7 January 2026 as record date
The Bangladesh Securities and Exchange Commission (BSEC) has approved a 10% stock dividend proposed by Quasem Industries Limited for the year ended 30 June 2025, allowing the company to move ahead with its plan to strengthen paid-up capital through bonus shares.
Quasem Industries disclosed the regulatory approval in a price-sensitive statement filed with the Dhaka Stock Exchange yesterday. Following the approval, the company's board of directors, in a meeting held on 17 December, fixed 7 January 2026 as the record date to determine shareholders' entitlement to the bonus shares.
The board had earlier recommended the 10% stock dividend in October, subject to BSEC consent, as part of its annual financial decisions for FY25.
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With the regulator's clearance now in place, shareholders holding the company's shares on the record date will be eligible to receive one bonus share for every ten shares held.
For the year ended 30 June 2025, Quasem Industries reported earnings per share of Tk1.04, up from Tk0.42 in the previous year.
The company's net asset value per share also rose to Tk29.06 from Tk28.33, while net operating cash flow per share declined to Tk0.88 from Tk1.39 year-on-year, reflecting changes in working capital dynamics.
The company's performance showed further improvement in the July–September quarter of FY26, when earnings per share stood at Tk0.32, compared to Tk0.10 in the corresponding quarter of the previous year.
Net operating cash flow per share increased to Tk0.46 from Tk0.23, while net asset value per share edged up to Tk29.39 as of 30 September 2025.
Quasem Industries attributed the higher quarterly earnings to significant cost benefits received from Sunstone LLC, which boosted other income, alongside a reduction in selling and distribution expenses. These factors helped offset lower revenue during the period.
Meanwhile, the company recently rescheduled its 44th annual general meeting from 18 December to 24 December 2025 due to unavoidable circumstances.
Quasem Industries' shares closed 0.73% lower at Tk40.90 yesterday at the Dhaka Stock Exchange.
