Dividend Distribution Policy
This Policy will be applicable to Samorita Hospital Ltd.
This Policy is for payment of dividend to shareholders of the Company.
Future dividend payment will depend on a variety of factors including Samorita Hospital
Ltd’s earnings, financial condition, solvency requirements and the general economic
environment. The dividend proposed by the Board of Directors in any particular year may
vary depending on a variety of factors (as noted above).
The Board of Directors recommend/declare and distribute dividend as per the provisions
of Companies Act, Articles of Association of the company and BSEC’s guidelines and
Interim dividend will be paid to the entitled Shareholders within 30 days of
Final dividend will be paid within 30 days of approval of Shareholders at the
The Company shall ensure that the amount of cash dividend shall be deposited
in a scheduled bank in a separate account within the stipulated time specified
by the regulators and pay directly to the bank account of entitled shareholders
as available in BO account maintained with Depository Participant (DP), or
the bank account as provided by shareholders in paper form, through
Bangladesh Electronic Funds Transfer Network (BEFTN). In case of margin
loan, cash dividend will be paid off to Consolidated Customers Bank Account
(CCBA) as provided by the merchant banker or portfolio manager within
stipulated time through BEFTN.
Undistributed/unclaimed cash dividend shall be deposited in a scheduled bank
in a separate account and dividend including interest thereon for a period of 3
years from the date of declaration or approval shall be transferred to the fund
as directed or prescribed by BSEC.
The Company shall credit stock dividend directly to the BO account or issue
bonus share certificate of the entitled shareholder, as applicable, within 30
days of declaration or approval, as the case may be, subject to clearance of the
Dhaka and Chittagong Stock Exchange Ltd. and Central Depository
Bangladesh Ltd. (CDBL).
Undistributed bonus shares shall be held in a Suspense BO account under
Block Module with CDBL and unclaimed bonus shares for a period of 3 years
from date of declaration or approval shall be transferred in dematerialized
form to the BO account as directed by BSEC
The Company shall submit a compliance report to the Bangladesh Securities
and Exchange Commission (BSEC) in a specific format, within 07 (seven)
working days of completion of dividend distribution. Provided that the
Company will also publish the compliance report in its website.
The Company shall not forfeit any unclaimed cash dividend or stock dividend
till the claim becomes barred by the law of land in force.
The Board shall review this policy on annual basis or as and when required by the law.
The Board is authorised to change/amend this policy from time to time at its sole
discretion and/or in pursuance of any amendments made in the companies Act and
BSEC’s Regulations/Notifications or guidelines etc. The Company shall make
appropriate disclosures as required under BSEC’s directive dated 14 January, 2021.