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 Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
