Monno Ceramic sponsor director to transfer Tk 20cr shares

Afroza Khanam, a sponsor director of Monno Ceramic Industries, will transfer shares worth more than Tk 20 crore to her husband.

According to disclosures posted on the Dhaka Stock Exchange (DSE) website today, Khanam intends to transfer a combined 26 lakh shares of the company to her husband, Moynul Islam, a general shareholder, by way of gift outside the trading system of the exchange.

Based on Sunday's closing price of Tk 78.7 per share, the transaction is valued at Tk 20.46 crore. The transfer is expected to be completed by October 31.

Monno Ceramic, one of the country's leading ceramics producers, has faced earnings pressure in 2025 as higher finance costs eroded profitability.

The company reported a 43 percent year-on-year decline in profit for the financial year ending June 30, with earnings per share falling to Tk 0.22 from Tk 0.39 a year earlier.

As of September 30, sponsors and directors held 37.43 percent of the company's shares, institutions 14.29 percent, foreign investors 0.10 percent, and general shareholders 47.89 percent, according to DSE data.