Baraka Power Limited announcements
202 Dhaka Stock Exchange announcements for Baraka Power Limited (BARKAPOWER) since 2015: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (20).
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity rating (surveillance) of the Company as "AA2" along with a stable outlook based on audited financial statements up to June 30, 2015; bank liability position as on October 31, 2015 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Change of venue for AGM
The Company has further informed that due to some unavoidable circumstances, the 8th AGM of the Company will now be held at La Rose Hotel, 16 Ornob, Mirer Moidan Point, West Dargah Gate, Sylhet - 3100 instead of Hotel Star Pacific, Dargah Gate, Sylhet - 3100. Other information of the AGM will remain unchanged.
- Information for Margin Account Holders
The Company has requested the concerned Depository Participants and Merchant banks to mail the soft copy of margin client list at [email protected] by December 10, 2015. The Company has also requested all concerned to send hardcopy at their convenience.
- Buy confirmation of a Sponsor
Fahim Ahmed Chowdhury, one of the Sponsors of the Company, has further reported that he has completed his buy of 2,00,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Resumption News after Record date
Normal trading of the shares of the Company will resume on 22.11.2015 after record date.
- Suspension News for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 19.11.2015.
- Spot News for AGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per spot settlement cycle with cum benefit from 17.11.2015 to 18.11.2015. Trading of the shares of the Company will remain suspended on record date i.e., 19.11.2015.
- Furnishing 12 digit e - TIN
The Company has requested the shareholders to update their 12 Digits e - TIN, Address & Mobile Number to avoid deducting Advance Income Tax (AIT) @ 15% instead of 10% as per amendment Income Tax Ordinance, 1984 under Section 54 and also to update Bank A/C details for ensuring credit of cash dividend through BEFTN in the BO Account through their respective DPs before record date i.e. November 19, 2015.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS for July-September, 2015 was Tk. 0.96 as against Tk. 0.80 for July-September, 2014; Consolidated NOCFPS was Tk. 3.35 for July-September, 2015 as against Tk. 3.60 for July-September, 2014. Consolidated NAV per share was Tk. 20.35 as of September 30, 2015 and Tk. 19.39 as of June 30, 2015.
- Buy Declaration
Fahim Ahmed Chowdhury, one of the Sponsors of the Company, has expressed his intention to buy 2,00,000 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.
- Board Meeting
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 11, 2015 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2015.
- Dividend Declaration
The Board of Directors has recommended 8% cash dividend and 8% stock dividend for the year ended on June 30, 2015. Date of AGM: 31.12.2015, Time: 12:00 noon, Venue: Hotel Star Pacific, Dargah Gate, Sylhet. Record date: 19.11.2015. The Company has also reported Net Profit after Tax of Tk. 424.11 m., EPS of Tk. 2.76, NAV per share of Tk. 19.39 and NOCFPS of Tk. 5.33 for the year ended on 30.06.2015 as against Tk. 249.36 m., Tk. 1.63, Tk. 19.45 and Tk. (6.30) respectively for the year ended on 30.06.2014.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (29.10.2015) following its corporate declaration.
- 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, 2015 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2015.
- Increasing Paid up capital of a subsidiary company
The Company has informed that their Board of Directors has resolved to approve the decision of the Board of Directors of Barak Patenga Power Limited, being 51% subsidiary of Baraka Power Limited, to increase its paid up capital from Tk. 94.50 crore to Tk. 120.00 crore, to be raised through IPO by issuing 2,55,00,000 ordinary shares under Fixed Price Method subject to consent of the Regulatory Authorities. The Company has further informed that, after this capital raising, the shareholding of Baraka Power Limited in Baraka Patenga Power Limited will come down to around 40%. Therefore Baraka Patenga Power Limited will be no longer a subsidiary Company rather will be an associate Company.
- Commencement of commercial operation of Secondary STG
The Company has informed that Baraka Patenga Power Limited, a 51% subsidiary Company of Baraka Power Limited, has started commercial operation of its secondary Steam Turbine & Generator (STG) having capacity of 3.20 MW from April 10, 2015 certified by the Supplier namely Greens Power Equipment Pte Ltd. on May 29, 2015. The STG plant runs by heat recovery from 08 nos., of Rolls Royce gensets exhaust gas without burning any fuel and will reduce the fuel cost by 6.40% annually.
- Confirmation of buy/sell by Sponsors/Directors
Nayem Ahmed Chowdhury, one of the Sponsors of the Company, has further reported that he has completed his receipt of 3,00,000 shares of the Company from his wife Noor-E- Jannat Chowdhury by way of gift outside the trading system of the Exchange as announced earlier.
- Q3
Consolidated Net Profit after tax (excluding non-controlling interest) from Jan15 to March15 was Tk. 117.17 m. with consolidated EPS of Tk. 0.76 as against Tk. 54.21 m. and Tk. 0.35 respectively for the same period of the previous year. Whereas consolidated Net Profit after tax (excluding non-controlling interest) from July14 to March15 was Tk. 344.77 m. with consolidated EPS of Tk. 2.25 as against Tk. 172.45 m. and Tk. 1.12 respectively for the same period of the previous year.
- Floor Purchase
The Company has informed that the Board of Directors of the Company has decided to purchase floor space measuring 3,200 sft. (including common area) at the building Royal Mark (5th floor) of Mirboxtola, Sylhet at Tk. 4,500 per sft. (including cost of land) totaling Tk. 1.44 crore excluding registration & other cost for companys future use. The terms of payment will be Tk. 60.00 lac as signing money and rest on 6 monthly installments.
- Declaration of receipt by Sponsor
Nayem Ahmed Chowdhury, one of the Sponsors of the Company, has expressed his intention to receive 3,00,000 shares of the Company from his wife Noor-E- Jannat Chowdhury by way of gift outside the trading system of the Exchange within April 30, 2015.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.