Alif Industries Limited announcements
144 Dhaka Stock Exchange announcements for Alif Industries Limited (AIL) since 2017: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (29).
- Resumption after Record Date
Trading of the shares of the company will resume on 24.11.2024.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 21.11.2024.
- 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 19.11.2024 to 20.11.2024 and trading of the shares will remain suspended on record date i.e., 21.11.2024.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.77 for July-September 2024 as against Tk. 0.53 for July-September 2023; NOCFPS was Tk. 0.08 for July-September 2024 as against Tk. 0.09 for July-September 2023. NAV per share was Tk. 25.32 as on September 30, 2024 and Tk. 24.56 as on June 30, 2024. Reasons for deviation: EPS has increased due to increase of production as well as sales amount. NAVPS has increased due to increase in profit.
- 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 November 14, 2024 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- The Board of Directors has recommended 10\% Cash Dividend to all shareholders excluding Sponsors/Directors and 10\% Stoc
The Board of Directors has recommended 10\% Cash Dividend to all shareholders excluding Sponsors/Directors and 10\% Stock Dividend to all shareholders for the year ended June 30, 2024. The Sponsors and Directors hold 13,836,264 shares out of total 44,251,669 shares of the company and Cash Dividend payable to the General Shareholders is Tk. 30,415,405.00. Date of AGM: 30.12.2024, Time: 4:00 PM, Venue: Digital Platform. Record Date: 21.11.2024. (cont.1)
- (Cont. news of AIL): The Company has also reported EPS of Tk. 2.36, NAV per share of Tk. 24.56 and NOCFPS of Tk. (0.61)
(Cont. news of AIL): The Company has also reported EPS of Tk. 2.36, NAV per share of Tk. 24.56 and NOCFPS of Tk. (0.61) for the year ended June 30, 2024 as against Tk. 1.80, Tk. 23.20 and Tk. 2.42 respectively for the year ended June 30, 2023. Reasons for Stock Dividend declaration: i) Stock dividend has been recommended in view to utilize its retained amount as paid-up capital for business expansion. ii) Stock dividend has been declared out of accumulated profit. (cont.2)
The first part of this announcement is missing from the archive. - The company has informed that a review application has been filed to BSEC to reinstatement of AIL Convertible Bond worth
The company has informed that a review application has been filed to BSEC to reinstatement of AIL Convertible Bond worth of BDT 300 crore and Capital Raise of AIL worth of BDT 200 crore since these two are integral part of reviving C&A Textiles Ltd. as per the proposal of Alif Group approved by BSEC on October 07, 2021. The company also informed that the board has decided to take over Royal Denim LTD.(RDL), a public limited company (non-listed), (cont.1)
- (Cont. news of AIL): producing 100\% export oriented denim fabrics with the present capacity of 750,000 yard/month, loca
(Cont. news of AIL): producing 100\% export oriented denim fabrics with the present capacity of 750,000 yard/month, located at Comilla Export Processing Zone (EPZ). In this regard, the board has signed an MOU with Royal Denim Ltd. After successful takeover, RDL is expected to add BDT 216 crore in revenue and BDT 20 crore in net profit to AIL. The mode of financing shall be from own and bank financing. As per clause 3.08 of MOU, till the completion of takeover, (cont.2)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Cont. news of AIL): iii) Stock dividend has not been declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance. (end)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (29.10.2024) following its corporate declaration.
- Regarding amalgamation with Alif Manufacturing Company Ltd
Refer to the earlier news disseminated by DSE on 25.09.2023, the company has further informed that the execution of amalgamation of Alif Manufacturing Company Ltd with Alif Industries Ltd. as previously declared to be continued.
- Regarding scheme of amalgamation of C&A Textiles Ltd.
Refer to the earlier news disseminated by DSE on 23.07.2023, the company has further informed that execution of amalgamation of Alif Industries Ltd. and C&A Textiles Ltd. as previously declared shall be on hold.
- Regarding AIL Convertible Bond worth of BDT 300 and Others
(Cont. news of AIL): AIL shall run business operation and marketing of the company, adopt business strategy, take care and attend necessary all monthly overhead and payment from outstanding dues, if required. Revenue/cost/expenditure/direct and indirect expenses and all are financial transactions will be done through AIL, until the completion of the takeover. (end)
The first part of this announcement is missing from the archive. - 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 October 28, 2024 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- BSEC cancelled issuance of AIL Convertible Bond worth of BDT 300 crore
Refer to the earlier news disseminated by DSE on 29.05.2022 and 08.06.2023 regarding AIL Convertible Bond worth of BDT 300 crore, the company has further informed that Bangladesh Securities and Exchange Commission (BSEC) through its letter dated October 08, 2024 has cancelled the "AIL Convertible Bond" worth of BDT 300 crore, which was consented vide letter dated May 26, 2022.
- Bangladesh Securities and Exchange Commission (BSEC) has issued a letter to the company dated September 10, 2024 which r
Bangladesh Securities and Exchange Commission (BSEC) has issued a letter to the company dated September 10, 2024 which reads, among others, as follows: \"The Commission does not approve your application for extension of time regarding raising of capital of Tk. 200,00,00,000/- (Taka two hundred crore) only through issuance of 9,09,09,091 ordinary shares of Tk. 22/- each (including a premium of Tk. 12 per share) (cont.)
- BSEC declines application regarding extension of time for raising capital
(Cont. news of AIL): only to the existing Board of Directors of the company in cash consideration. Since, Alif Industries Limited has failed to raise capital within the stipulated time, the consent letter no. BSEC/CI/CPLC-1022/2022/101 dated 08 April 2024 is hereby cancelled."(end)
The first part of this announcement is missing from the archive. - (Q3 Un-audited): EPS was Tk. 0.79 for January-March 2024 as against Tk. 0.42 for January-March 2023; EPS was Tk. 1.87 fo
(Q3 Un-audited): EPS was Tk. 0.79 for January-March 2024 as against Tk. 0.42 for January-March 2023; EPS was Tk. 1.87 for July 2023-March 2024 as against Tk. 1.20 for July 2022-March 2023. NOCFPS was Tk. 0.64 for July 2023-March 2024 as against Tk. 1.74 for July 2022-March 2023. NAV per share was Tk. 23.93 as on March 31, 2024 and Tk. 23.20 as on June 30, 2023. Reasons for deviation in EPS, NOCFPS and NAVPS: (cont.)
- Q3 Financials
(Cont. news of AIL): EPS has increased mainly due to increase of sales revenue as well as net profit. NOCFPS has decreased as significant amount of supplies payment increased compared to previous period. NAVPS has increased due to increase of profit. (end)
The first part of this announcement is missing from the archive. - Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.
- 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 28, 2024 at 05:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- Query Response
In response to the DSE query, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
- The company has informed that the Board of Directors of the company has taken the following decisions: The board has aut
The company has informed that the Board of Directors of the company has taken the following decisions: The board has authorized Mr. Md. Azimul Islam, Managing Director of Alif Industries Ltd., to initiate takeover process of Royal Denim Ltd., a public limited company (non-listed), producing 100\% export-oriented denim fabrics with the present capacity of 750,000 yard/month, located at Cumilla Export Processing Zone (EPZ) after proper due diligence with complying relevant laws. (cont.1)
- (Cont. news of AIL): The board has also authorized Mr. Md. Azimul Islam, Managing Director of Alif Industries Ltd., to i
(Cont. news of AIL): The board has also authorized Mr. Md. Azimul Islam, Managing Director of Alif Industries Ltd., to initiate takeover process of Diamond Dredging Ltd., a public limited company (non-listed) involved in dredging activities after proper due diligence with complying relevant laws. (cont.2)
The first part of this announcement is missing from the archive. - Regarding takeover process of Royal Denim Ltd. and Diamond Dredging Ltd.
(Cont. news of AIL): The board has further directed Mr. Md. Azimul Islam to submit all relevant documents along with the detailed feasibility report, estimated cost of purchase and mode of financing within 30 working days to the board for taking further decision. (end)
The first part of this announcement is missing from the archive. - (Q2 Un-audited): EPS was Tk. 0.55 for October-December 2023 as against Tk. 0.39 for October-December 2022; EPS was Tk. 1
(Q2 Un-audited): EPS was Tk. 0.55 for October-December 2023 as against Tk. 0.39 for October-December 2022; EPS was Tk. 1.08 for July-December 2023 as against Tk. 0.78 for July-December 2022. NOCFPS was Tk. 0.13 for July-December 2023 as against Tk. 1.35 for July-December 2022. NAV per share was Tk. 24.27 as on December 31, 2023 and Tk. 23.20 as on June 30, 2023. Reasons for deviation EPS and NAVPS: (cont.)
- Q2 Financials
(Cont. news of AIL): EPS has been increased mainly due to increase in exchange rate of US Dollar. NAVPS has been increased due to increased profit. (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 January 30, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.