BSEC rejects Kay & Que's 6% stock dividend proposal
The Bangladesh Securities and Exchange Commission (BSEC) has rejected a 6% stock dividend proposal announced by Kay & Que (Bangladesh) for the financial year that ended in June 2025.
On 10 October last year, the engineering sector firm recommended a 4% cash and 6% stock dividend for its shareholders for FY25. The stock dividend component was subject to the approval by the BSEC.
According to its annual disclosure, the company had reported 1,316% growth in its earnings per share (EPS) for FY25, reaching Tk9.49 from Tk0.67 in the previous fiscal year.
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The firm highlighted strong profitability growth in FY25, along with continued improvement in the first quarter of the current fiscal year. During the first quarter, its EPS rose 137% to Tk2.75, compared with Tk1.15 in the same period of the prior year, driven by higher sales turnover.
Today, Kay & Que's shares closed at Tk367.10 each, which was 0.43% lower than the previous trading sessions.
The company has recently made an "A2P Aggregator Agreement" with Robi Axiata, under which KAY & QUE will act as an A2P (Application-to-Person) Aggregator for Robi Axiata, providing services related to the delivery of SMS and notifications from various applications and digital platforms to end users. The company expects this partnership to positively influence its future revenue growth.
