ACI Formulations Limited has announced a 20 percent cash dividend for the year that ended on June 30, 2024.

The announcement came at the company's 28th annual general meeting (AGM), which was held virtually recently, ACI Formulations said in a press release.

M Anis Ud Dowla, chairman of the company, presided over the meeting.

The audited financial statements together with reports of the directors and auditors of the company were also approved by the shareowners at the meeting.

Shusmita Anis, managing director of the company, highlighted a few of the salient features of the business and addressed the issues raised by the shareholders.

She expressed gratitude and acknowledged the cooperation of all stakeholders.

Shusmita particularly acknowledged the contribution and efforts of employees of the company and thanked them.