Craftsman Footwear & Accessories Ltd. holds 5th Annual General Meeting Announces 10% Cash Dividend

The 5th Annual General Meeting (AGM) of Craftsman Footwear & Accessories Ltd. was held on Sunday, 29 December 2024, at the Police Convention Hall, Eskaton Garden Road, Ramna, Dhaka. At the AGM, the company, listed in the SME sector of the stock market, announced a 10% cash dividend for investors for the financial year ending June 30, 2024.

The AGM was presided over by the Board Chairman, Dr. Rezina Begum, and attended by key figures including Managing Director Sadat Hossain Salim; Directors Rumana Begum, Sara Hossain, Sabrina Zaman, Mahe Alam, Dr. Md. Zahirul Islam, Dr. Md. Abu Syed Tito; and Chief Financial Officer (CFO) Md. Ferdous Hossain, along with other shareholders.

By the fiscal year ended on June 30, the company’s Earnings Per Share (EPS) stood at BDT 2.28. The Net Asset Value Per Share (NAVPS) increased to BDT 17.09, up from BDT 16.72 in the previous year.

Expressing gratitude to the Board of Directors and all investors, the Board Chairman of Craftsman Footwear and Accessories Ltd, Dr. Rezina Begum, stated, “We have faced numerous challenges, including the COVID-19 pandemic, the Ukraine war, and national and international adversities this year. Despite facing market competition, inflation, and supply chain disruptions, we have sustained our performance and strengthened our sustainability. As a result, we are pleased to announce a 10% cash dividend for our valued investors. Our vision is to foster a sustainable and long-term business environment while ensuring financial stability and environmental stewardship. We hope to maintain the trust and confidence of our investors as we continue to grow.”

The Managing Director of Craftsman Footwear and Accessories Ltd, Sadat Hossain Salim said, “The dividend announcement reflects our resilience and dedication to our investors despite challenges such as COVID-19, the 2022 Ukraine war, and the political changes of 2024. With the unwavering support of our investors and stakeholders, we are expanding our market reach. While our journey began in Europe, we are now making efforts to establish a presence in Japan, Korea, the United States, and North America. We are also collaborating with renowned brands like Hush Puppies and others.”

He further emphasized the potential of the leather industry, saying, “Leather and leather-based products hold immense growth potential. The government’s various initiatives to promote this sector have opened up new opportunities that we aim to seize.”

Craftsman Footwear & Accessories Ltd. began operations in 2018 with support from the Bangladesh Investment Development Authority (BIDA). Since then, it has emerged as a trusted name in the footwear industry, committed to quality and sustainability. The company currently employs over 700 skilled professionals and remains dedicated to enhancing skills and creating employment opportunities for a sustainable future.