The 12th Annual General Meeting of Baraka Patenga Power Limited (the second private power plant of Baraka Group) was held on digital platform on December 15, 2022, at 11:45 am moderated by the Company Secretary Mr. Mohammad Rana. After recitation from the Holy Quran, Company Secretary started the main event of the ceremony by welcoming honorable Board of Directors and Shareholders present there.
Honorable Chairman Mr. Gulam Rabbani Chowdhury in his welcome speech mentioned that the Company has been listed in capital market since 2021. The company invested 51% of total shares of each of Baraka Shikalbaha Power Limited and Karnaphuli Power Limited. Apart from this, the
Company also invested in 51% of total shares in a newly established securities house namely Baraka Securities Limited. In future, Baraka Patenga Power Limited will invest in other profitable projects, he added.
The Honorable Managing Director of the Company Mr. Monzur Kadir Shafi has also expressed his sincere gratitude to the board of directors and shareholders for their true cooperation. He indicated that during the financial year of 2021-22 the consolidated profit of Baraka Patenga Power Limited was Taka 21.52 Crore. EPS of Baraka Patenga Power Ltd was at Tk 1.25 and the net assets value per share stood at Tk. 28.92 as on 30th June 2022.
Declaration of 10% Cash dividend for fiscal year 2021-2022 along with other agendas have been approved with the vote of the shareholders in the 12th Annual General Meeting.