The 47th Annual General Meeting (AGM) of Berger Paints Bangladesh Limited was held on July 28, 2020, through the digital platform. Rupali Chowdhury, Managing Director, Berger Paints Bangladesh Limited presided over the meeting.
Chairman of the Board Gerald K Adams along with other directors Anil Bhalla, Jean-Claude Loutreuil, Anis A. Khan, Masud Khan, Rishma Kaur, Kanwardip Singh Dhingra, Sunil Sharma, Parveen Mahmud, and Abdul Khalek also attended the meeting.
Rupali Chowdhury presented the Directors’ Report, Auditors’ Report, and Audited Financial Statements for the year ended March 31, 2020, before the shareholders. Rupali Chowdhury replied to the shareholders’ queries.
295% Cash Dividend was declared for 2019-2020 in the meeting. During the year ended March 31, 2020, net profit growth was 16.72% whereas sales growth was 6.13%. This was the result of continuous efforts to optimize costs while remaining competitive in the market.
Moreover, during the year, Berger Paints Bangladesh Limited received Top VAT Payer Award under the manufacturing category from the Government of Bangladesh.
Berger Paints Bangladesh Limited also received the ‘ICMAB Best Corporate Award 2018’ in the category of multinational manufacturing industries for its sales & financial performance, contribution to the national exchequer, HR management, corporate governance, shareholders’ return, investment growth, and CSR activities.
Berger Paints has won auspicious “Best Brand Award” in the paint category for the 8th consecutive year.
Berger Paints Bangladesh Limited
Berger Paints Bangladesh Limited started its journey long back in 1970. It is headquartered in Dhaka, with 14 strategically located sales depots, 14 Home Décor outlets across the nation, and two factories in Dhaka and Chattogram. With an employee strength of about 1000 and a countrywide distribution network of above 3000 dealers, Berger is admired as a forerunner in the sector with a vibrant portfolio of paints.
With more than 250 years of rich heritage, Berger has evolved and transformed itself into becoming the leading paint solution provider in the country with a diversified product range that caters to all painting needs and also provides unparalleled services. This heritage is the guarantee of excellence and trustworthiness and is carried proudly by all Berger products.
Berger Paints has awarded 8 years in a row as the best paint brand of Bangladesh, is one of the oldest names in the paint industry, yet, it is one of the most technologically progressive companies in the country. Berger Paints Bangladesh Limited is constantly determined towards revolutionizing superior quality products and services with a steadfast track record of being one of the fastest developing paint companies in the country. ♦
