Bismillahir Rahmanir Rahim

Assalamu Alaikum

Dear Shareholders,

It is indeed a great honor and privilege for me to work for you all who wholeheartedly own the company from the very beginning of the journey since 1984 and onwards. It’s a matter of greater responsibility to oversee the affairs and activities of the company, whether it is driven in the right & meaningful direction or not. Throughout my tenure, I do always prioritize the stakeholders’ interest considering both short and long term perspectives.

 You are much aware of the facts and circumstances that the company had been experiencing since basically after listing with the stock exchanges. As we believe in quality, so our business performance was quite satisfactory and eventually we led the market of Carbon Rod. Consequently, the Board of Directors (BOD) of your company regularly declared cash dividends. Besides this, the notable success of Carbon rob, inspired us to start the business of Coal Tar in 2002. However, due to some direct and indirect market factors, we were not able to make that particular business unit a profitable one. In addition, the pesticides unit (another business unit) was also turned into a less profitable one, then which eventually hit the overall business performance of the company. Keeping all of the constraints in mind, The BOD was not less generous to consider the stakeholders’ interest through stock dividend payment for consecutive four years from 2007 to 2010. Though after that we were unable to declare dividends further, we have returned to the track to pay dividend from the year 2017-2018.

However, considering the market mechanics and their impact over the demand-supply curve, the BOD didn’t stop to fix the problems and find out better alternatives available based on present and future market scenarios. As a result, your Board decided to start and run a CNG filling and re-fuelling station (2009) which is still running with a considerable profit margin. Besides, we were reluctant to miss the opportunity to lease out the unused factory premises to a joint-venture Company registered in Bangladesh. We do believe that once we are able to make the amalgamation scheme of Kay & Que (Bangladesh) Limited with Multi Sourcing Limited, our company’s business performance will experience a positive growth in the near future and onwards as well.

 On a different and important note, please be informed that Your Board of Directors adopted the Corporate Governance Code 2018 issued by the Bangladesh Securities and Exchange Commission (BSEC). The Board reviews and updates the Terms of References (ToR) of the Audit Committee and the Nomination & Remuneration Committee of the Board in line with the Corporate Governance Code- 2018 with an objective of ensuring good governance practice in the Company.

Your company’s Board is constituted by qualified and professional representatives of different sectors and diverse backgrounds. We do believe not only in quality, but also in diversity. We aspire for a continuous and constant growth in all business parameters so that we may make you happy through fulfillment of expectations best possible. We do nurture the feeling that it’s not a journey of a few people rather, it’s a journey, whether we all are aligned shoulder by shoulder to achieve common goals.

Aspiring for your progress and peace to the Almighty.