The Dhaka Stock Exchange (DSE) has uncovered numerous irregularities in Imam Button Industries’ practices, including failure to adjust loan expenses in profit calculations and improper dividend payments. The company owes Tk4.83 crore to Prime Finance Investment and paid dividends without considering loan expenses, which would result in negative net profit. Additionally, the firm did not maintain a separate bank account for unpaid dividends and failed to transfer unclaimed dividends to the Capital Market Stabilization Fund. Despite challenges, the new management aims to improve compliance and business operations. Since its revival in August 2022, the company has returned to profitability, paying a 1% interim cash dividend to shareholders.
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