Genex Infosys director to transfer 30 lakh shares to City Bank
The transfer will be executed outside the trading system of the exchange and is scheduled to be completed within the next 30 working days
The Dhaka Stock Exchange (DSE) has approved the transfer of 30 lakh shares of Genex Infosys PLC held by its director Nilofar Imam to City Bank PLC, according to a disclosure issued by the bourse.
The transfer will be executed outside the trading system of the exchange and is scheduled to be completed within the next 30 working days, effective from 3 February.
The share transfer will take place under Regulation 47(1)(d) of the Dhaka Stock Exchange (Listing) Regulations, 2015, which allows certain transactions to be conducted outside the trading platform. The provision permits off-market transfers in specific circumstances, including cases related to confiscation or loan default, subject to compliance with applicable laws and regulatory approval.
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Genex Infosys' share price edged down slightly following the announcement. Today, the company's shares closed 0.38% lower at Tk26.20 on the DSE.
This is not the first instance of sponsor-level share transfers involving Genex Infosys in recent weeks. Earlier, on 18 January, another director of the company, Chowdhury Fazle Imam, transferred 8.07 lakh shares, while a corporate director Oracle Services Limited transferred 9.92 lakh shares to Dhaka Bank, also under the same regulatory provision.
Meanwhile, Genex Infosys' financial performance showed mixed trends in the first half of the ongoing fiscal year. For the July–December period of FY26, the company's consolidated revenue declined by 6% year-on-year to Tk96.96 crore.
However, its consolidated net profit rose by 16% to Tk17.59 crore, supported by improved cost management and operational efficiency. As a result, consolidated earnings per share stood at Tk1.46 at the end of the first half of the fiscal year.
According to the latest shareholding structure, sponsors and directors collectively hold 30.05% of Genex Infosys' shares, while institutional investors own 18.71%. Foreign investors account for 0.09%, and the remaining 51.15% shares are held by general public investors.
Earlier, the company recommended a 1% cash dividend for the fiscal year 2024–25, payable only to general shareholders, excluding sponsors and directors.
