Agrani Insurance PLC. announcements
367 Dhaka Stock Exchange announcements for Agrani Insurance PLC. (AGRANINS) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (33).
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.45 for July-September 2023 as against Tk. 0.41 for July-September 2022; EPS was Tk. 1.26 for January-September 2023 as against Tk. 1.08 for January-September 2022. NOCFPS was Tk. 0.13 for January-September 2023 as against Tk. (0.09) for January-September 2022. NAV per share was Tk. 19.32 as on September 30, 2023 and Tk. 20.17 as on December 31, 2022.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 22, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended December 31, 2022 to the respective shareholders' BO Accounts.
- Resumption after record date
Trading of the shares of the company will resume on 24.09.2023.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 21.09.2023.
- Spot for entitlement of 7% Stock Dividend
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 19.09.2023 to 20.09.2023 and trading of the shares will remain suspended on record date i.e., 21.09.2023.
- BSEC Consent and Record date for entitlement of 7% Stock Dividend
Refer to the earlier news disseminated by DSE on 29.05.2023 regarding consent of stock dividend from BSEC for the year ended December 31, 2022, the Company has further informed that BSEC has accorded its consent for raising paid-up capital through issuance of 7% Stock Dividend for the year ended December 31, 2022. The company has fixed the Record date on 21.09.2023 for entitlement of the aforesaid Bonus Shares.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2022 to the respective shareholders.
- (Q2 Un-audited): Consolidated EPS was Tk. 0.35 for April-June 2023 as against Tk. 0.29 for April-June 2022; Consolidated
(Q2 Un-audited): Consolidated EPS was Tk. 0.35 for April-June 2023 as against Tk. 0.29 for April-June 2022; Consolidated EPS was Tk. 0.87 for January-June 2023 as against Tk. 0.72 for January-June 2022. Consolidated NOCFPS was Tk. 0.78 for January-June 2023 as against Tk. (0.02) for January-June 2022. Consolidated NAV per share was Tk. 20.98 as on June 30, 2023 and Tk. 20.17 as on December 31, 2022. (cont.)
- Q2 Financials
(Continuation news of AGRANINS): Reasons for deviation in NOCFPS: Consolidated NOCFPS has been increased due to decrease in expenses and increase in total revenue. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 23, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
- Change of AGM Date
The Company has further informed that the 23rd AGM of the Company will be held on July 20, 2023 instead of earlier declared date July 12, 2023. The time and venue of the meeting shall remain unchanged.
- Resumption after record date
Trading of the shares of the company will resume on 01.06.2023.
- Suspension for Record date
Trading of the shares of the company will be suspended on record date i.e., 31.05.2023.
- Regarding consent of Stock Dividend from BSEC
Refer to their earlier news disseminated by DSE on 11.05.2023 regarding dividend declaration, the company has further informed that they have not received consent yet from BSEC against their declaration of 7% Stock dividend for the year ended December 31, 2022. Therefore, the record date as on 31.05.2023 will only be applicable for entitlement of 8% Cash dividend.
- The auditor of the Agrani Insurance Co. Ltd. has given the \"Emphasis of Matter\" paragraph in the Auditor\'s Report for
The auditor of the Agrani Insurance Co. Ltd. has given the \"Emphasis of Matter\" paragraph in the Auditor\'s Report for the year ended on December 31, 2022. \"Emphasis of Matter: 1. We draw attention to Note 2.21 (c) and 2.35 of the Financial Statements, which describes the reason for not establishing Workers\' Profit Participation Fund by the Company according to Bangladesh Labor Act 2006 (as amended in 2013) and also short paid-up capital and recovering policy issues respectively. (cont.1)
- (Continuation news of AGRANINS): Our opinion is not modified in respect of those matter. 2. During our audit we had veri
(Continuation news of AGRANINS): Our opinion is not modified in respect of those matter. 2. During our audit we had verified the settlement of Gratuity Fund during the year 2022 but we could not verify according to the audited report of Gratuity Fund because of unavailability of audited report 2021. Our opinion is not modified in respect of those matter.\" Note # 2.21(c): Workers Profit Participation and Welfare Fund: Section 234 of chapter 15 of Labor Law 2006 (as amended in 2013) (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of AGRANINS): requires every company to establish a workers\' Profit Participation Fund and Welfare F
(Continuation news of AGRANINS): requires every company to establish a workers\' Profit Participation Fund and Welfare Fund. However, Bangladesh Financial Institutions Division (BFID), on behalf of the financial institution sector, requested clarification from the Labor Ministry regarding the applicability of the provisions for the sector. Similarly, Bangladesh Insurance Association has corresponded with Finance Ministry through IDRA on this matter requesting for exemption for Insurance Companies. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of AGRANINS): In addition to the Bangladesh Insurance Association, the IDRA themselves have communica
(Continuation news of AGRANINS): In addition to the Bangladesh Insurance Association, the IDRA themselves have communicated to the ministry of Finance through a latter issued on June 2, 2021 (#5303.0000.075.22.29.2021.30) requesting the ministry to consider Insurance Companies as similar to financial institutions and provide exemption from payment related to worker\'s Profit Participation Fund. In light of the on-going discussions between regulators, government ministries (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of AGRANINS): and existing industry practices, the company did not make any provisions for WPPF and n
(Continuation news of AGRANINS): and existing industry practices, the company did not make any provisions for WPPF and no funds were set aside as contribution. The company is closely monitoring the current situation and if there are any further clarification regarding this matter, the company will act accordingly. Note # 2.35: As per Insurance Act 2010, Schedule-1, Section-21, Para (b), Paid-up Capital of Non-Life Insurance Business, \"In the case of companies incorporated in Bangladesh: (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of AGRANINS): at least Tk. 40(Forty) Crore of which 60 (Sixty) percent shall be subscribed by the spo
(Continuation news of AGRANINS): at least Tk. 40(Forty) Crore of which 60 (Sixty) percent shall be subscribed by the sponsors and the remaining 40 (Forty) Percent shall remain open for public subscription.\"To fulfill the compliance our management took decision to raise the capital by increasing right share and according to that we put-up the application to Bangladesh Securities and Exchange Commission (BSEC) through complaining the all issues on AICL/HO/SHARE/2773 Dated: September 22, 2022. (cont.6)
The first part of this announcement is missing from the archive. - Emphasis of Matter
(Continuation news of AGRANINS): However, our management declared 7% Bonus share to raise the paid up capital. Now our paid up capital has stood Tk. 339.79 Million. We are hopeful to comply this matter within shortest period. (end)
The first part of this announcement is missing from the archive. - Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 29.05.2023 to 30.05.2023 and trading of the shares will be suspended on record date i.e., 31.05.2023.
- The Board of Directors has recommended 8\% Cash and 7\% Stock Dividend for the year ended December 31, 2022. The Stock D
The Board of Directors has recommended 8\% Cash and 7\% Stock Dividend for the year ended December 31, 2022. The Stock Dividend is subject to the approval of BSEC. Date of AGM: 12.07.2023, Time: 11:00 AM, Venue: Digital Platform. Record Date: 31.05.2023. The Company has also reported Consolidated EPS of Tk. 1.99, Consolidated NAV per share of Tk. 20.17 and Consolidated NOCFPS of Tk. 0.54 for the year ended December 31, 2022 as against Tk. 1.68, Tk. 19.84 and Tk. 1.37 respectively (cont.)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (11.05.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration
(Continuation news of AGRANINS): for the year ended December 31, 2021. Disclosures regarding declaration of Stock Dividend: Stock Dividend has been declared to increase the paid up capital for requirement of regulatory bodies. (end)
The first part of this announcement is missing from the archive. - Dividend Declaration (Additional Information)
The company has further informed the disclosures regarding declaration of Stock Dividend: 1. The company has declared stock dividend out of the accumulated profit or retained earnings. 2. The company assured that the such stock dividend will not be paid from any kind of Capital reserve or revaluation reserve or any unrealized gain or any such an event which reduces paid-up capital.
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the company has informed that a meeting of the Board of Directors will be held on May 10, 2023 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
- BSEC rejecting Rights Issue of the Company
Refer to their earlier news disseminated by DSE on 29.06.2021 regarding EGM for Rights Issue, the Board of the Company recommended to issue 1R:3 rights share (1 rights share for every 3 shares) subject to obtaining approval from Bangladesh Securities and Exchange Commission. The company has informed that BSEC has not approved the aforementioned rights issue as CIB report of the company is not clear.
- (Q1 Un-audited): Consolidated EPS was Tk. 0.36 for January-March 2023; Consolidated NOCFPS was Tk. 0.26 for January-Marc
(Q1 Un-audited): Consolidated EPS was Tk. 0.36 for January-March 2023; Consolidated NOCFPS was Tk. 0.26 for January-March 2023; Consolidated NAV per share was Tk. 20.69 as on March 31, 2023 and Tk. 20.17 as on December 31, 2022. The company has also informed that Solo EPS was Tk. 0.48 for January-March 2023 as against Tk. 0.46 for January-March 2022; Solo NOCFPS was Tk. 0.18 for January-March 2023 as against Tk. 0.20 for January-March 2022; (cont.)
- Q1 Financials
(Continuation news of AGRANINS): Solo NAV per share was Tk. 19.96 as on March 31, 2023 and Tk. 19.48 as on December 31, 2022. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 11, 2023 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- WASO Credit Rating Company (BD) Ltd. has rated the Company as \"AA2\" for long term and \"ST-2\" for short term along wi
WASO Credit Rating Company (BD) Ltd. has rated the Company as \"AA2\" for long term and \"ST-2\" for short term along with Stable outlook based on audited financial statement of 2021 and other relevant qualitative and quantitative information up to the date of rating issuance.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.