GPH Ispat declares 5% cash dividend

GPH Ispat Limited yesterday declared a 5 percent cash dividend for the financial year (FY) that ended on June 30, 2025.

The declaration was made at the company's 19th annual general meeting (AGM), held virtually, according to a press release.

Md Alamgir Kabir, chairman of GPH Ispat Limited, presided over the meeting as the chief guest.

In his address, Kabir said that despite a challenging operating environment marked by economic volatility, rising bank interest rates, and inflation during FY2024-25, GPH Ispat remained focused on improving production efficiency, controlling costs, and maintaining the highest standards of product quality.

He added that the company would continue to prioritise innovation, research and development, quality assurance, and customer satisfaction to support sustainable growth and long-term value creation for shareholders.

Md Mosharraf Hossain, company secretary, conducted the meeting.

Outlining the company's performance for FY2024-25, Mohammed Jahangir Alam, group chairman and managing director, said the closure of government projects and a slowdown in construction and infrastructure activities in the private and semi-government sectors had significantly reduced domestic demand for construction materials, particularly MS rods, posing challenges for manufacturers across the industry.

Mohammed Almas Shimul, additional managing director; Mohammad Ashrafuzzaman, Md Abdul Ahad, Md Azizul Hoque, Sadman Syka Sefa, Salehin Musfique Sadaf, Ali Mohammad Sadi Sazzed, and Saiham Sadik Pial, directors; and Safiul Alam Khan Chowdhury, independent director, attended the event.

Mukter Hossain Talukder, group chief executive officer; Kamrul Islam, executive director (finance and business development); and HM Ashraf-Uz-Zaman, group chief financial officer, among others, were also present.