BSEC fines Fortune Shoes officials over unpaid dividends
Dhaka, May 13 -- The Bangladesh Securities and Exchange Commission (BSEC) has fined top officials of Fortune Shoes Limited over unpaid cash dividends and listing fees, while also taking several policy decisions at its 1,013th commission meeting.
The meeting was held on Tuesday at the commission's headquarters with BSEC Chairman Khondoker Rashed Maqsood in the chair, according to a press release issued on Wednesday.
The commission said Fortune Shoes had declared a 10 percent cash dividend and a 5 percent bonus dividend for the financial year ended June 30, 2022.
However, the listed company failed to disburse Tk 3.98 crore out of its total cash dividend payout of Tk 16.25 crore.
The company also failed to pay Tk 18.29 lakh in listing fe...
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