People's Leasing And Financial Services Limited

Annual General Meeting



The 23rd, 24th, 25th and 26th Annual General Meeting (AGM) of the People's Leasing And Financial Services Limited was held on Sunday, October 29, 2023 at 10.30 a.m. on Zoom Platform. Mr. Hasan Shaheed Ferdous, Chairman of the Company presided over the meeting. The Directors, guests and a large number of distinguished shareholders both sponsors and Public Shareholders attended the meeting online.

The Chairman welcomed the distinguished shareholders & guests to the 23rd, 24th, 25th and 26th Annual General Meeting. The Chairman informed the shareholders in his speech that amid different economic parameters like- diversification of investment, development of the Capital market, tight money market situation- the company tried hard to run its business operation on proper track for sustainable development during the year 2021.

Thereafter the Chairman presented agenda-wise topics to the shareholders like- Audit reports & Audited financial statements for years 2018, 2019, 2020 and 2021, Directors retirement & re-election etc and also placed the Annual Reports for 2018, 2019, 2020 and 2021 including Director's Report. The shareholders also expressed their valuable views and advice on different issues online to improve the company and finally approved all agendas of the AGM.  

The Chairman assured the shareholders that the Board of Directors shall continue to work relentlessly to produce a better scenario in the upcoming years.

In conclusion, the Chairman of the company thanked the honorable Shareholders, Clients, Bankers, Regulatory authorities, the Press & electronic media, online media, Law enforcement agencies. He also thanked the Board members, Managing Director & all officials and staff of the company for their dedication, loyalty and untiring efforts to keep the company's goodwill high.

The 21st Annual General Meeting (AGM) of the People's Leasing and Financial Services Limited was held on Tuesday September 19, 2017 at 09.30 a.m. at "RAOWA CONVENTION HALL, ANCHOR, 3rd Floor, VIP Road, Mohakhali, Dhaka -1206". Mr Uzzal Kumar Nandi,FCA, Chairman of the Company presided over the meeting. The Directors, guests and a large number of distinguished shareholders both sponsors and Public Shareholders attended in the meeting.

The Chairman welcomed the distinguished shareholders & guest to the 21st Annual General Meeting. The Chairman informed the shareholders in his speech that amid different economic parameters like- diversification of investment, development of Capital market, tight money market situation- the company tried hard to run in its business operation in proper track for sustainable development during the year 2016. The Chairman highlighted that the company has shifted policy decision to mop up private deposits instead of being dependent on overnight borrowing deposits and term borrowings from Commercial Banks and Financial institutions. The company also took actions to increase investments and reduce impaired assets.

Thereafter the Chairman presented agenda wise topics to the shareholders like- Audit report & Audited financial statements for year 2016, Directors retirement & re-election etc and also placed the Annual Report-2016 including Director's Report. The shareholders also expressed their valuable view and advice on different issues to improve the company and finally approved all agenda of the AGM.  

The Chairman assured the shareholders that the Board of Directors shall continue to work relentlessly to produce a better scenario in the upcoming years.

In conclusion, the Chairman of the company thanked the honorable Shareholders, Clients, Bankers, Regulatory authorities, the Press & electronic media men, online media, Law enforcing agencies and management of RAOWA Convention Hall for their kind support & co-operations. He also thanked the Board members, Managing Director & all officials and staffs of the company for their dedication, loyalty and untiring efforts to keep the company goodwill at high.

The 20th Annual General Meeting of the People's Leasing and Financial Services Limited was held on Thursday September 22, 2016 at 09.30 a.m. at "RAOWA CONVENTION HALL, ANCHOR, 3rd Floor, VIP Road, Mohakhali, Dhaka -1206". Mr Uzzal Kumar Nandi FCA, Chairman of the Company presided over the meeting. The Directors, guests and a large number of distinguished shareholders both sponsors and Public Shareholders attended in the meeting.

The Chairman welcomed the distinguished shareholders & guest to the 20th Annual General Meeting. The Chairman informed the shareholders in his speech that amid different barriers of economic parameters like- slowdown in investment, rising inflation in the economy, stagnation in the Capital market, tight money market situation- the company tried hard to run in its business operation in proper track for sustainable development during the year 2015. The Chairman highlighted that the company has shifted policy decision to mop up private deposits instead of being dependent on overnight borrowing deposits and term borrowings from Commercial Banks and Financial institutions. The company also took actions to increase investments and reduce impaired assets.

Thereafter the Chairman presented agenda wise topics to the shareholders like- Audit report & Audited financial statements for year 2015, Directors retirement & re-appointment etc and also placed the Annual Report-2015 including Director's Report. The shareholders also expressed their opinion on different issues and finally approved all agenda of the AGM.  

The Chairman assured the shareholders that the Board of Directors shall continue to work relentlessly to produce a better scenario in the upcoming years.

In conclusion, the Chairman thanked the honorable Shareholders, Clients, Bankers, Regulatory authorities, the Press & electronic media, online media, Law enforcing agencies, RAOWA Convention Hall management for their kind support & co-operations. He also thanked the Board members, Managing Director & all officials and staffs for their dedication, loyalty and untiring efforts to keep the company goodwill at high.

The 19th Annual General Meeting of the People's Leasing and Financial Services Limited was held on Thursday June 25, 2015 at 11.00 AM at " RAOWA CONVENTION HELMET, Hall # 01, 1st Floor, VIP Road, Mohakhali, Dhaka - 1206". Capt. M. Moazzam Hossain, Chairman of the Company preside over the meeting. The directors and a large number of shareholders both sponsors and Public Shareholders attended the meeting.

The Chairman welcomed the distinguished shareholders to the 19th Annual General Meeting and placed before them the Annual Report-2014 which includes Director's Report, Auditor's Report and Audited Financial statements for the year ended December 31, 2014. The Chairman informed the shareholders that despite the slowdown in investment, rising inflation in the economy, stagnation in the Capital market, tight money market, political agitations, the company has achieved a profit of BDT 197.70 million in 2014. Operating income was BDT 2419.07 million which showed 27.28% growth from previous year. The Chairman highlighted that the company has shifted policy decision to mop up private deposits instead of being dependent on overnight borrowing deposits and term borrowings from Commercial Banks and Financial institutions. The company also took actions to increase investments and reduce impaired assets.

Considering overall performance, current financial strength of the company and to meet the expectation of the shareholders the Board of Directors has recommended 10% Stock Dividend for the year 2014 and placed the agenda before the shareholders and the same was passed by voice voting.

The Chairman assured the shareholders that the Board of Directors shall continue to work relentlessly to produce a better picture in Balance sheet for the year - 2015.

Finally, the Chairman thanked the Shareholders, Clients, Bankers, Regulatory bodies, the Press & electronic media, Law enforcing agencies, the management of RAOWA CONVENTION HALL for their kind support. He also thanked the Managing Director and the members of the Staff for their dedication, loyalty and untiring efforts to keep the flag of PLFS high.