{"id":105305,"date":"2026-08-17T16:45:10","date_gmt":"2026-08-17T16:45:10","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/105305\/"},"modified":"2026-08-17T16:45:10","modified_gmt":"2026-08-17T16:45:10","slug":"bsec-extends-reckitts-foreign-shareholders-dividend-payout","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/105305\/","title":{"rendered":"BSEC extends Reckitt’s foreign shareholders dividend payout"},"content":{"rendered":"

The regulator grants an extension until 30 September for dividend disbursement. <\/p>\n

\n Rafiqul Islam\n <\/p>\n

\n 17 August, 2026, 09:40 pm <\/p>\n

\n Last modified: 17 August, 2026, 09:45 pm <\/p>\n

\n BSEC chairman unveils sweeping reforms to restore confidence in Bangladesh’s capital market.<\/p>\n

“> <\/p>\n

\"BSEC<\/p>\n

\n BSEC chairman unveils sweeping reforms to restore confidence in Bangladesh’s capital market. <\/p>\n

\u00a0Highlights:\u00a0<\/p>\n

A 1,730% cash dividend for 2025
\nDividend payout: Tk173 per share
\nTotal dividend payout: Tk81.74cr
\nThe parent company, Reckitt Benckiser UK, holds an 82.96% stake
\nIt will receive Tk67.81cr as a dividend<\/p>\n

Amid delays in tax clearance, the Bangladesh Securities and Exchange Commission (BSEC) has extended the deadline until September for Reckitt Benckiser (Bangladesh) to disburse dividends to its foreign shareholders.<\/p>\n

The regulator also granted the multinational a waiver from a May 2024 directive requiring listed companies to disburse at least 80% of approved dividends within a stipulated timeframe or face a downgrade to the “Z” category.<\/p>\n


\n \"The
\n Keep updated, follow The Business Standard’s Google news channel
\n <\/a><\/p>\n

The stock market regulator notified Reckitt Benckiser (Bangladesh) PLC of the decision in a letter dated 10 August, also informing the two stock exchanges.<\/p>\n

When asked about the matter, Md Nazmul Arefin told The Business Standard, “We need to obtain a certificate from the National Board of Revenue (NBR) to remit dividends to the company’s foreign shareholders.”<\/p>\n

“We applied to the NBR, but have yet to receive the certificate. That is why we applied to the commission for a time extension to pay the dividends,” he added.<\/p>\n

Reckitt Benckiser, for the 2025 fiscal year, approved a massive 1,730% cash dividend \u2014equivalent to Tk173 per share\u2014 amounting to a total payout of Tk81.74 crore.<\/p>\n

However, the dividend repatriation has stalled because its majority shareholder, UK-based Reckitt Benckiser PLC, holds an 82.96% stake in the Bangladesh subsidiary and is entitled to Tk67.81 crore of the total dividend.<\/p>\n

Under capital market rules, listed companies must complete dividend disbursements within 30 days of shareholder approval. Reckitt secured shareholder approval at its annual general meeting on 21 May.<\/p>\n

Failure to disburse at least 80% of the declared dividend within the stipulated period constitutes regulatory non-compliance and triggers an automatic downgrade to the junk “Z” category.<\/p>\n

Amid administrative delays at the tax authority, Reckitt applied to the stock market regulator on 29 July for an extension and exemption from the category-transfer directive.<\/p>\n

In response, the BSEC relaxed its enforcement rules, granting the company relief from the non-compliance and extending the final compliance deadline to 30 September.<\/p>\n

\u00a0The BSEC letter said the company must complete the 2025 dividend disbursement process by 30 September.<\/p>\n

\u00a0According to central bank guidelines, foreign dividend repatriation must be processed through a nominated authorised dealer bank based on auditor-certified applications.<\/p>\n

Before approving the transfer, banks must verify that the profits arose from regular operations and that all prior losses, tax liabilities and government subsidies have been fully adjusted.<\/p>\n

To avail of reduced withholding tax rates under Double Taxation Avoidance treaties, companies must obtain an official clearance certificate from the NBR under Section 119 of the Income Tax Act 2023.<\/p>\n

In 2025, Reckitt Benckiser reported Tk566.44 crore revenue, and Tk81.70 crore profit.\u00a0\u00a0\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The regulator grants an extension until 30 September for dividend disbursement. Rafiqul Islam 17 August, 2026, 09:40 pm…\n","protected":false},"author":2,"featured_media":105306,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21355],"tags":[21376],"class_list":["post-105305","post","type-post","status-publish","format-standard","has-post-thumbnail","category-reckitt-benckiser","tag-reckitt-benckiser"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117111863614404590","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/105305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=105305"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/105305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/105306"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=105305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=105305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=105305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}