Alif Industries has been placed in ‘A’ category from existing ‘Z’ category with effect from today (Monday) as the company has reported disbursement of 10 per cent cash and 25 per cent stock dividend for the year ended on June 30, 2017.
The company has informed that it has disbursed cash dividend warrants for the year ended on June 30, 2017 to the respective shareholders’ address through courier service.
“The stockbrokers and merchant bankers are requested to abstain from providing loan facilities to purchase security of Alif Industries in between 1st to 30th trading day after change of categorization, with effect from Monday as per securities regulator’s directive in this regards,” said a disclosure posted the Dhaka Stock Exchange (DSE) website on Sunday.
Share trading of Alif Industries, which was in the OTC market for last eight years, will commence on the DSE main market on December 28, 2017 as the company complied with all the regulations required for beginning trade in the main board.
The company’s share price closed at Tk 99.40 on Sunday at the Dhaka bourse, shedding 4.05 per cent over the previous session.
The company held its annual general meeting (AGM) on December 31, 2017.
Alif Industries, previously known as Sajib Knitwear, was listed on the capital market in 1995. The company was sent to OTC market in 2009.
The company’s paid-up capital is Tk 375.97 million and authorised capital is Tk 500 million while total number of securities is more than 37.59 million.
