Apex Spinning & Knitting Mills Limited announcements
271 Dhaka Stock Exchange announcements for Apex Spinning & Knitting Mills Limited (APEXSPINN) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (25).
- Credit Rating Agency of Bangladesh Limited (CRAB) has assigned Surveillance entity rating of the Company as \"AA3\" and
Credit Rating Agency of Bangladesh Limited (CRAB) has assigned Surveillance entity rating of the Company as \"AA3\" and \"ST-2\" in the short term along with a Stable outlook based on audited financial statements up to June 30, 2022; bank liability position as on October 31, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.62 for July-September 2022 as against Tk. 0.65 for July-September 2021; NOCFPS was Tk. 9.20 for July-September 2022 as against Tk. 2.64 for July-September 2021. NAV per share was Tk. 59.73 as on September 30, 2022 and Tk. 58.38 as on June 30, 2022. NOCFPS increased due to mainly decrease of payment for cost and expenses as compare to last year's first quarter.
- Resumption after record date
Trading of the shares of the Company will resume on 08.11.2022 after record date
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 07.11.2022.
- 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 November 06, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- 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 03.11.2022 to 06.11.2022 and trading of the shares will remain suspended on record date i.e., 07.11.2022.
- The auditor of the Apex Spinning & Knitting Mills Limited has given the \"Emphasis of Matter\" paragraphs in the auditor
The auditor of the Apex Spinning & Knitting Mills Limited has given the \"Emphasis of Matter\" paragraphs in the auditor\'s report for the year ended June 30, 2022. Emphasis of matter: We draw attention to the note nos. 40-41 wherein the basis for restatement has been described in respect of opening balance as on July 01, 2021 for the forfeited amount of the employer\'s contribution to the provident fund in its annual financial statements. (cont.1)
- (Continuation news of APEXSPINN): Our Opinion is not modified in respect of the matter emphasized. Note-40. PRIOR YEAR A
(Continuation news of APEXSPINN): Our Opinion is not modified in respect of the matter emphasized. Note-40. PRIOR YEAR ADJUSTMENT: As per Financial Reporting Council (FRC) notification no. 179/FRC/FRN/notification/2020/2 dated 7th July 2020 regarding lapse amount of employer\'s subscription to provident fund have to return to the company\'s annual financial statements from 2015 & have to be shown as other income of the company accordingly. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of APEXSPINN): As Such, lapse amount for the year 2021-2022 has been recorded as income for the year
(Continuation news of APEXSPINN): As Such, lapse amount for the year 2021-2022 has been recorded as income for the year 2021-2022 and lapse amount of 2016-2017 has been restated the Financial Position as on 30.06.2020 as prior period income as per PF policy. Note-41. DISCLOSURE ON RESTATEMENT: Total PF lapse receivable Tk. 957,657/- has been accounted for during the period. According to para 43 of IAS 8, opening balance of PF lapse receivables (note 15), (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of APEXSPINN): Deferred Tax Liabilities (note 24e) and Retained Earnings as on July 01, 2020 has been
(Continuation news of APEXSPINN): Deferred Tax Liabilities (note 24e) and Retained Earnings as on July 01, 2020 has been restated. Upon such restatement amount of Tk. 857,217/- has been recognized in the opening PF lapse receivables and tax at 20.00 percent of such forfeited amount of Tk. 171,443/- has been accounted for in the opening balance of deferred tax liabilities as at July 01, 2020. Accordingly, the amount of Tk. 685,774/- has been transferred to retained earnings. (cont.4)
The first part of this announcement is missing from the archive. - Emphasis of Matter
(Continuation news of APEXSPINN): The effect due to this restatement in opening balance of comparative financial statements is material, third statement of financial position has been disclosed according to Para 40A of IAS 1. (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 (17.10.2022) following its corporate declaration.
- Dividend Declaration
The Board of Directors has recommended 20% cash dividend for the year ended June 30, 2022. Date of AGM: 15.12.2022, Time: 9:30 AM, Venue: Digital Platform. Record Date: 07.11.2022. The Company has reported EPS of Tk. 3.45, NAV per share of Tk. 58.38 and NOCFPS of Tk. 0.19 for the year ended June 30, 2022 as against Tk. 2.93, Tk. 55.89 and Tk. 26.43 respectively for the same period of the previous year.
- 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 16, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- The Company has informed that Mr. Zafar Ahmed, one of the Sponsors and Chairman of the company passed away on January 09
The Company has informed that Mr. Zafar Ahmed, one of the Sponsors and Chairman of the company passed away on January 09, 2022. His holding 8,42,400 paper shares and his folio no. 00001 of Apex Spinning & Knitting Mills Limited. His legal heirs Mrs. Shawkat Ara Ahmed, folio no. 00002 and Mr. Shahriar Ahmed, folio no. 06492 obtained and submitted a succession certificate no. 1651, case no. 796/2022 from the Honorable Third Joint District Judge Court, Dhaka. (cont.)
- Transmission of Paper Shares of the deceased Sponsor
(Continuation news of APEXSPINN): The company has further informed that the Board of Directors considered the matter and approved & completion of the transmission; 1,05,300 shares to Mrs. Shawkat Ara Ahmed and 7,37,100 shares to Mr. Shahriar Ahmed (one of the Directors of the company) respectively as per order of the Honorable Court. (end)
The first part of this announcement is missing from the archive. - (Continuation news of APEXSPINN): The company also informed relevant information of machineries which are: 1) The machin
(Continuation news of APEXSPINN): The company also informed relevant information of machineries which are: 1) The machines to be imported from Germany. 2) The machines are expected to come in commercial operation by 2nd Quarter of 2022-2023. 3) The machines will mostly be used for own consumption. (end)
The first part of this announcement is missing from the archive. - Decision to import machineries
The Company has informed that the Board of Directors of the Company has approved to import 10 Pcs Circular Knitting Machines for expanding the greige knit fabric production capacity of the company located at Ward No. 07, Holdings No. D-81, Chandora , Kaliakoir Puroshova, Gazipur for total cost in EURO 0.63 Million (Approx. BDT 61.71 Million) which is fully financed by HSBC Bangladesh Ltd. (cont.)
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.87 for January-March 2022 as against Tk. 0.76 for January-March 2021; EPS was Tk. 2.68 for July 2021-March 2022 as against Tk. 2.51 for July 2020-March 2021. NOCFPS was Tk. 0.14 for July 2021-March 2022 as against Tk. 18.53 for July 2020-March 2021. NAV per share was Tk. 58.28 as on March 31, 2022 and Tk. 55.81 as on June 30, 2021. NOCFPS has been decreased due to more payment of cost & expenses as compared to collection from revenue.
- 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 27, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Query Response
In response to a DSE query dated February 22, 2022, 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.
- (Q2 Un-audited): EPS was Tk. 1.16 for October-December 2021 as against Tk. 1.04 for October-December 2020; EPS was Tk. 1
(Q2 Un-audited): EPS was Tk. 1.16 for October-December 2021 as against Tk. 1.04 for October-December 2020; EPS was Tk. 1.81 for July-December 2021 as against Tk. 1.75 for July-December 2020. NOCFPS was Tk. 0.34 for July-December 2021 as against Tk. 7.52 for July-December 2020. NAV per share was Tk. 56.15 as on December 31, 2021 and Tk. 55.81 as on June 30, 2021. (cont.)
- Q2 Financials
(Continuation news of APEXSPINN): The company also informed that NOCFPS is decreased for more payment for cost and expenses as compare to increase of collection from revenue. (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, 2021 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 January 26, 2022 at 8:30 AM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.