One of the Listed Companies, IDLC Finance Limited has recommended 15 percent cash Dividend to its investors for the Financial Year ending December 31, 2022.
This source is known from DSE.
The Company has reported consolidated EPS of Tk 4.61 paisa, consolidated NAV per share of Tk 43.56 for the year ended December 31, 2022, as against consolidasted EPS of Tk 5.09 paisa.
The Annual General Meeting (AGM) of the company will be held on May 25 through the digital platform. The record date for this has been fixed at May 2.
It is also known from the DSE source that the company has also informed that recently the company has received an order from ADR office of National Board of Revenue (NBR) regarding resolution of various pending income tax cases between National Board of Revenue and IDLC Finance Limited.
The agreement among NBR, IDLC Finance Limited & Facilitator has been signed duly. All three parties have agreed upon various long pending grounds from the year 2002 to 2020, which have been resolved through Alternative Dispute Resolution (ADR). In this regard, the company is able to release excess tax provisions from the previous years and the amount will be finalized after the final assessment by the Deputy Commissioner of Taxes (DCT) in accordance with the decision specified in the agreement among three parties.
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