Stocks
Over 12 yrs, No Dividends Paid by Zafrullah’s Tulip Diary
Dhaka Stock Exchange, Over the Counter (OTC), Tulip Diary & Food Products Limited has been cheating the investors for over 12 years.
The company has registered its name on DSE 30 years ago. But from the past 12 years, the company is not paying any dividends to its shareholders. Gonoshasthaya Nagar Hospital Trustee Dr. Zafrullah Chowdhury’s company is Tulip Diary. The given address of the company are the same as the Tulip Diary, this information is affirmed from their related sources.
The employee of the Gonoshasthaya Nagar Hospital told that for long time Dr. Zafrullah’s Tulip Diary office was here. Recently the office of the company has been shifted to the address of Gonoshasthayanagar Hospital in Savar. Sandhya Roy is the current chairman of the company.
Regarding this issue, Sandhya Roy told Orthosongbad, the office is located in Savar. But the firm is closed from the last 12 years, as Orthosongbad asks before closing the firm, were they declare any dividends, she replied that ‘maybe before it declares slight diivdends and I am not so sure’. Regarding another question, Roy said Tulip Diary will leave DSE future soon, and give back the invest to the investors.
An anonymous person from Tulip Diary said that the previous board of directors had looted the company. The company is trying to stand back around after the chairman and other posts were reshuffled. arriving at the office of Tulip Dairy, it was seen that the company’s activities are going on. But the company’s production has been stopped – claimed by the employee.
From another question, if Dr. Zafrullah still the owner of Tulip Diary, another anonymous employee replied, he is not in direct ownership of the company, since Tulip Dairy is a subsidiary of Gonoshasthayanagar Hospital, he is indirectly in ownership.
It is known from 1990 Tulip Diary was registered on DSE and the company share price was last traded 28 taka. And when the last time they declared dividends, there is no trace of it on the DSE website. Even the chairman of the company does not know about it.
According to DSE sources, the paid-up capital of Tulip Dairy and Foods Products Limited is Tk 2 crore 39 lakh. The total number of shares of the company is 2 lakh 39 thousand. About half of these are ordinary investors.
In 2018, it earned Tk 3.82 paisa. This was known from DSE Website. The company earned over 9 lakh taka that year. However, Tulip Dairy and Foods Products has not paid any dividends to the investors. Apart from the 2018 data, there is no data on the company’s earnings on DSE.
In 1990, no data has been found that it has paid dividends to investors since its listing on DSE. While common investors have 49.17pc shares in the company. The remaining 50.83pc shares are held by the founders and directors of Tulip Dairy and Foods Products. Ordinary investors, who own about half of the company’s shares, have been deprived for ages. Tulip Dairy, which has deprived investors for a long time, is now looking to exit the DSE.
Dhaka Stock Exchange DSE, Bourses on the last working day of the week, March 23, ended with price index hikes & turnover drops.
This information is known from DSE sources.
286 crores 97 lakh shares were traded in DSE on this day. 41 crores 51 lakhs less trading was done in DSE today compared to the previous workday, 22 March, Shares worth Tk 328 crores 48 lakh shares were traded in DSE last time, Wednesday.
The benchmark index DSEX hiked 8.66 points or 6,206. The Shariah-based index DSES rose 0.75 points or 1,353, and the blue-chip index DS30 gained 2.58 points or 2,218.
Of the issues traded, 74 advanced, 24 declined, and 205 remained unchanged.
Legacy Footwear Limited ranked top gainer on DSE, the share price increased by Tk 5.1 paisa or 9.98 percent. On this day, the share was last traded at Tk 56.20 paisa.
On the other hand, Bengal Windsor Thermoplastics Ltd ranked top loser on the DSE, the share price dropped by Tk 0.5 paisa or 1.68 percent. On this day, the share was last traded at Tk 29.20 paisa.
DSE topped on trade Eastern Housing Limited 34 crores 22 lakh 70 thousand takas of shares of the company have been traded.
A total of 49 companies’ shares were traded in the Block on Dhaka Stock Exchange, 79 lakh 23 thousand 878 shares of the companies were traded. The financial value of which is 37 crore 27 lakh taka.
Dhaka Stock Exchange DSE, Bourses on the fourth working day of the week, March 22, ended with price index & turnover drops.
This information is known from DSE sources.
328 crores 48 lakh shares were traded in DSE on this day. 21 crores 12 lakhs less trading was done in DSE today compared to the previous workday, 21 March, Shares worth Tk 349 crores 61 lakh shares were traded in DSE last time, Tuesday.
The benchmark index DSEX dropped 16.26 points or 6,206. The Shariah-based index DSES lost 3.34 points or 1,352, and the blue-chip index DS30 shed 5.18 points or 2,215.
Of the issues traded, 17 advanced, 82 declined, and 213 remained unchanged.
Legacy Footwear Limited ranked top gainer on DSE, the share price increased by Tk 3.8 paisa or 8.03 percent. On this day, the share was last traded at Tk 51.10 paisa.
On the other hand, Bengal Windsor Thermoplastics Ltd ranked top loser on the DSE, the share price dropped by Tk 2.4 paisa or 7.48 percent. On this day, the share was last traded at Tk 29.70 paisa.
DSE topped on trade Eastern Housing Limited 19 crores 14 lakh 10 thousand takas of shares of the company have been traded.
A total of 53 companies’ shares were traded in the Block on Dhaka Stock Exchange, 73 lakh 24 thousand 180 shares of the companies were traded. The financial value of which is 55 crore 76 lakh taka.
Dhaka Stock Exchange DSE, Bourses on the third working day of the week, March 21, ended with price index & turnover hikes.
This information is known from DSE sources.
349 crores 61 lakh shares were traded in DSE on this day. 4 crores 95 lakhs less trading was done in DSE today compared to the previous workday, 20 March, Shares worth Tk 344 crores 66 lakh shares were traded in DSE last time, Monday.
The benchmark index DSEX hiked 18.72 points or 6,222. The Shariah-based index DSES rose 5.90 points or 1,355, and the blue-chip index DS30 gained 4.80 points or 2,220.
Of the issues traded, 87 advanced, 14 declined, and 224 remained unchanged.
Legacy Footwear Limited ranked top gainer on DSE, the share price increased by Tk 4.3 paisa or 10.00 percent. On this day, the share was last traded at Tk 47.30 paisa.
On the other hand,Renwick Jagneswar & Co (Bd) Ltd ranked top loser on the DSE, the share price dropped by Tk 15.7 paisa or 2.05 percent. On this day, the share was last traded at Tk 750.10 paisa.
DSE topped on trade Sea Pearl Beach Resort & Spa Limited 30 crores 78 lakh 18 thousand takas of shares of the company have been traded.
A total of 51 companies’ shares were traded in the Block on Dhaka Stock Exchange, 45 lakh 77 thousand 172 shares of the companies were traded. The financial value of which is 36 crore 90 lakh taka.
