Aziz Pipes Limited announcements
320 Dhaka Stock Exchange announcements for Aziz Pipes Limited (AZIZPIPES) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (25).
- Resumption after record date
Trading of the shares of the Company will resume on 16.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 15.11.2022.
- 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 from 13.11.2022 to 14.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 15.11.2022.
- The auditor of the Aziz Pipes Limited has given the Qualified Opinion paragraphs in the Auditor\'s Report for the year e
The auditor of the Aziz Pipes Limited has given the Qualified Opinion paragraphs in the Auditor\'s Report for the year ended June 30, 2022. Basis for Qualified Opinion: 1. The following situations indicate that a material uncertainty exists that may cast significant doubt on the company\'s ability to continue as a going concern. The financial statements do not adequately disclose this matter. (Cont.1)
- (Continuation news of AZIZPIPES): a) The equity of the company is negative consecutively and Debt service and Interest s
(Continuation news of AZIZPIPES): a) The equity of the company is negative consecutively and Debt service and Interest service ratio is low. Due to liquidity and raw materials crisis, the company has achieved production capacity utilization up to 1.66\% only; b) Negative operating cash flows indicated by historical or prospective financial statements; c) Negative retained earnings; 2. The entity revalued its Factory Building & Other Construction, (Cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of AZIZPIPES): Plant & Machineries and Land & Land Development in 1997 & 2018 respectively. However,
(Continuation news of AZIZPIPES): Plant & Machineries and Land & Land Development in 1997 & 2018 respectively. However, as per Para-34, of IAS-16 it should be revalued within three to five years. Hence the entity non-comply with the said standard; 3. As per IAS 2, Para 28, \"If the cost of inventories may not be recoverable, writing inventories down below cost to net realizable value is consistent with the view that assets should not be carried in excess of amounts expected to be (Cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of AZIZPIPES): realized from their sale. In our physical verification of factory, we found some inven
(Continuation news of AZIZPIPES): realized from their sale. In our physical verification of factory, we found some inventory amounting Tk. 33,690,233 are partially damaged and obsolete and they were unable to use and irrecoverable. However, the entity did not comply the said standard; 4. Trade receivables, Staff advances and Advance others amounting Tk. 11,989,358; Tk.3,535,466 and Tk.2,334,955 respectively have been carried forwarded since long. (Cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of AZIZPIPES): However, the entity has not maintained provision as per IFRS-9, Para-5.5.1; 5. As per
(Continuation news of AZIZPIPES): However, the entity has not maintained provision as per IFRS-9, Para-5.5.1; 5. As per BSEC notification no, BSEC/CMRRCD/2009-193/217/Admin/90, dated May 21, 2019 \"all sponsors and directors other than independent directors of a company listed with stock exchange should hold minimum 30\% shares of paid up capital of the company\", but the sponsor and director of Aziz Pipes Limited holds only 23.93\% of shares of the company; (Cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of AZIZPIPES): 6. We were not provided the statement of Long Term Loan from Uttara Bank Limited and D
(Continuation news of AZIZPIPES): 6. We were not provided the statement of Long Term Loan from Uttara Bank Limited and Dutch Bangla Bank Limited amounting Tk. 57,200,000 and Tk. 75,074,469 respectively and we were unable to confirm the Long Term Loan amounting Tk. 91,655,013 by third party confirmation. 7. Loan liability with Hajj Finance Company Limited had been understated in prior year by Tk 2,020,373, which was interest expense charged by (Cont.6)
The first part of this announcement is missing from the archive. - Qualified Opinion
(Continuation news of AZIZPIPES): Hajj Finance Company Limited, but not recognized by the entity. During this year, the same has been charged as finance expense to match the closing liability instead of restating the prior period, which is non-compliance of IAS-8; 8. Purchase amount differs with VAT return, which is disclosed in note no. 29.02 of the financial statements. (end)
The first part of this announcement is missing from the archive. - (Q1 Un-audited): EPS was Tk. (1.16) for July-September, 2022 as against Tk. (1.33) for July-September, 2021. NOCFPS was
(Q1 Un-audited): EPS was Tk. (1.16) for July-September, 2022 as against Tk. (1.33) for July-September, 2021. NOCFPS was Tk. (0.20) for July-September, 2022 as against Tk. (1.41) for July-September, 2021. NAV per share was Tk. (20.75) as on September 30, 2022 and Tk. (19.60) as on June 30, 2022. (cont.)
- Appointment of Chairman
The Company has informed that Mr. Md. Nurul Haq has been appointed as the Chairman of the Company.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (23.10.2022) following its corporate declaration.
- Q1 Financials
(Continuation news of AZIZPIPES): EPS increased due to decreased expenses of production activities. NOCFPS increased due to decrease of payment & expenses as compared to the same period of last year. (end)
The first part of this announcement is missing from the archive. - Dividend Declaration
The Board of Directors has recommended No dividend based on the net loss of the audited accounts of the Company for the year ended June 30, 2022. Date of AGM: 13.12.2022, Time: 11:00 AM, Venue: Digital Platform through link http://apl.hisoftcloud.com. Record Date: 15.11.2022. The Co. has also reported EPS of Tk. (4.54), NAV per share of Tk. (19.60) and NOCFPS of Tk. (0.60) for the year ended June 30, 2022 as against Tk. (0.82), Tk. (15.09) and Tk. 0.14 respectively for the same period of the previous year.
- 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 20, 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.
- 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 20, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- AZIZPIPES : Board decision to resume operations of factory
Referring to the earlier news of the Company disseminated by DSE on 08.11.2021 regarding announcing the closure of factory production activities, the Company has further informed that the Board of Directors of the Company has taken decision to resume production activities from October 01, 2022 of the factory.
- Query Response
In response to a 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.
- Q3 Financials
(Q3 Un-audited): EPS was Tk.(1.39) for January-March 2022 as against Tk. (0.37) for January-March 2021; EPS was Tk. (3.38) for July 2021-March 2022 as against Tk. (0.47) for July 2020-March 2021. NOCFPS was Tk. (0.27) for July 2021-March 2022 as against Tk. 0.17 for July 2020-March 2021. NAV per share was Tk. (18.44) as on March 31, 2022 and Tk. (15.09) as on June 30, 2021.
- 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 24, 2022 at 2:15 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 CSE query dated February 20, 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. (0.66) for October-December 2021 as against Tk. (0.04) for October-December 2020; EPS was T
(Q2 Un-audited): EPS was Tk. (0.66) for October-December 2021 as against Tk. (0.04) for October-December 2020; EPS was Tk. (1.99) for July-December 2021 as against Tk. (0.11) for July-December 2020. NOCFPS was Tk. (0.68) for July-December 2021 as against Tk. 0.64 for July-December 2020. NAV per share was Tk. (17.06) as on December 31, 2021 and Tk. (15.09) as on June 30, 2021. (cont.)
- Q2 Financials
(Continuation news of AZIZPIPES): EPS decreased due to decrease in Turnover and also increase COGS as compared to the same period of last year and for shutdown of production activities. NOCFPS decreased due to decrease collection of sales proceeds as compared to the same period of last year. (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 19, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.