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 2024 (29).
- Resumption after Record date
Trading of the shares of the company will resume on 02.12.2024.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 01.12.2024.
- 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 27.11.2024 to 28.11.2024 and trading of the shares will remain suspended on record date i.e., 01.12.2024.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has assigned Surveillance entity rating of the Company as "AA2" in the long term and "ST-2" in the short term along with Stable outlook based on audited financial statements up to June 30, 2024, bank liability position as on October 31, 2024 and other quantitative and qualitative information up to the date of rating declaration.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.12 for July-September 2024 as against Tk. 0.22 for July-September 2023; Consolidated NOCFPS was Tk. 1.47 for July-September 2024 as against Tk. 1.70 for July-September 2023. Consolidated NAV per share was Tk. 22.74 as on September 30, 2024 and Tk. 22.61 as on June 30, 2024. Reasons for deviation: Consolidated NOCFPS has decreased due to increase of payment to supplier as well as decrease of collection from customer compared to the same period of earlier year.
- Qualified Opinion, Material Uncertainty and Others
The auditor of the company has given the "Qualified Opinion", "Material Uncertainty Related to Going Concern", "Emphasis of Matter" and "Other Matter" paragraphs in the Auditor's Report of the company for the year ended June 30, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/November/BARKAPOWER_2024.pdf
- 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 5:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Dividend Declaration
The Board of Directors has recommended 3.50% Cash Dividend for the year ended June 30, 2024. Date of AGM: 26.12.2024, Time: 5:45 PM, Venue: Hybrid System in combination of Digital and Physical presence at Hotel Royal Mark (3rd Floor), 102, Azadi, Mirboxtola, Sylhet-3100. Record Date: 01.12.2024. (cont.) (cont. news of BARKAPOWER): Consolidated EPS has increased due to decrease of exchange loss in foreign currency transactions in associate companies compared to same period in previous year. Consolidated NOCFPS has increased due to increase of collection from customer as well as decrease of financial expenses compared to the earlier year. (end) (cont. news of BARKAPOWER): The Company has also reported consolidated EPS of Tk. 1.12, consolidated NAV per share of Tk. 22.61 and consolidated NOCFPS of Tk. 1.95 for the year ended June 30, 2024 as against Tk. 0.56, Tk. 21.99 and Tk. (0.11) respectively for the year ended June 30, 2023. Reasons for deviation in EPS and NOCFPS: (cont.2)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (10.11.2024) 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 November 07, 2024 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- The company has informed that the 15 years term of the existing \'Agreement for Supply of Power on Rental Basis\' betwee
The company has informed that the 15 years term of the existing \'Agreement for Supply of Power on Rental Basis\' between Baraka Power Limited (BPL) and BPDB will expire on 23 October 2024 at 24.00 hours. Accordingly, operation of the 51 MW Gas based Rental Power Plant of BPL located at Fenchugonj, Sylhet, Bangladesh will shut down upon expiration of the aforesaid period until further renewal of contract. The Company has already applied for renewal of (cont.)
- Shutdown of plant operation due to expiration of contract with BPDB
(Continuation news of BARKAPOWER): the contract which is under process for decision from the concern authorities. However, the subsidiary company and associate companies of Baraka Power Limited namely Baraka Fashions Limited (Ready-Made-Garments), Baraka Patenga Power Limited (50MW Power Plant), Karnaphuli Power Limited (110MW Power Plant) and Baraka Shikalbaha Power Limited (105MW Power Plant) have been functioning regularly. (end)
The first part of this announcement is missing from the archive. - Election of Chairman
The company has informed that Mr. Faisal Ahmed Chowdhury has been elected as the Chairman of the company with effect from August 18, 2024.
- Election of Chairman
The company has informed that the Board of Directors has elected Mr. Monzur Kadir Shafi as Chairman of the company for a term of 5 years with effect from May 30, 2024.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.
- Sale confirmation of a Corporate Director
The company has further informed that Fusion Holdings (Pvt.) Limited, a Corporate Director of the Company, has sold its 10,00,000 shares and 7,50,000 shares of the Company at prevailing market price through Dhaka Stock Exchange PLC. as per declaration disseminated on 23.04.2024 and 28.04.2024 respectively.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.47 for January-March 2024 as against Tk. 0.66 for January-March 2023; Consolidated EPS was Tk. 1.19 for July 2023-March 2024 as against Tk. 0.27 for July 2022-March 2023. Consolidated NOCFPS was Tk. 0.67 for July 2023-March 2024 as against Tk. 1.21 for July 2022-March 2023. Consolidated NAV per share was Tk. 22.68 as on March 31, 2024 and Tk. 21.99 as on June 30, 2023.
- Sale declaration of a Corporate Director
Fusion Holdings (Pvt.) Limited, a Corporate Director of the Company, has expressed its intention to sell 7,50,000 shares of the Company at prevailing market price (In the Public/Block Market) through Dhaka Stock Exchange PLC. (DSE) within April 30, 2024.
- Sale declaration of a Corporate Director
Fusion Holdings (Pvt.) Limited, a Corporate Director of the Company, has expressed its intention to sell 10,00,000 shares out of its holding of 1,81,87,992 shares of the Company at prevailing market price (In the Public/Block Market) through Dhaka Stock Exchange PLC. (DSE) within April 30, 2024.
- 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 29, 2024 at 06:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- Sale confirmation of a Corporate Director
The company has informed that, Fusion Holdings (Pvt.) Limited, one of the Corporate Directors of the Company, has completed its sale of 10,00,000 shares of the Company at prevailing market price through Dhaka Stock Exchange PLC. (DSE) as per declaration disseminated on 05.02.2024.
- Sale declaration of a Corporate Director
Fusion Holdings (Pvt.) Limited, a Corporate Director of the Company, has expressed its intention to sell 10,00,000 shares out of its holding of 1,91,87,992 shares of the Company at prevailing market price (In the Public/Block Market) through Dhaka Stock Exchange PLC. (DSE) within next 30 working days.
- Sale confirmation of a Corporate Director
Fusion Holdings (Pvt.) Limited, one of the Corporate Directors of the Company, has further informed that it has completed its sale of 3,00,000 shares of the Company at prevailing market price through Dhaka Stock Exchange PLC. (DSE) as per declaration disseminated on 24.01.2024.
- (Q2 Un-audited): Consolidated EPS was Tk. 0.51 for October-December 2023 as against Tk. 0.56 for October-December 2022;
(Q2 Un-audited): Consolidated EPS was Tk. 0.51 for October-December 2023 as against Tk. 0.56 for October-December 2022; Consolidated EPS was Tk. 0.73 for July-December 2023 as against Tk. (0.38) for July-December 2022. Consolidated NOCFPS was Tk. 0.69 for July-December 2023 as against Tk. 0.75 for July-December 2022. Consolidated NAV per share was Tk. 22.22 as on December 31, 2023 and Tk. 21.99 as on June 30, 2023. Reasons for deviation in EPS and NOCFPS: (cont.)
- Q2 Financials
(Continuation news of BARKAPOWER): Consolidated EPS has been increased due to decrease of exchange loss in foreign currency transactions in associate companies compared to same period in earlier year. Consolidated NOCFPS has been decreased due to less amount received from customer in comparison with payment to suppliers of its own and decrease of cash collection in subsidiary company as cash incentives during the period. (end)
The first part of this announcement is missing from the archive. - Sale declaration of a Corporate Director
Fusion Holdings (Pvt.) Limited, a Corporate Director of the Company, has expressed its intention to sell 3,00,000 shares out of its holding of 1,94,87,992 shares of the Company at prevailing market price (In the Public/Block Market) through Dhaka Stock Exchange PLC. (DSE) within next 30 working days.
- 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 29, 2024 at 5:45 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
- Sale confirmation of a Corporate Director
Fusion Holdings (Pvt.) Limited, one of the Corporate Directors of the Company, has further informed that it has completed its sale of 3,00,000 shares of the Company at prevailing market price through Dhaka Stock Exchange PLC. (DSE) as per declaration disseminated on 14.01.2024.
- Sale declaration of a Corporate Director
Fusion Holdings (Pvt.) Limited, one of the Corporate Directors of the Company, has expressed its intention to sell 3,00,000 shares out of its holding of 1,97,87,992 shares of the Company at prevailing market price (In the Public/Block Market) through Dhaka Stock Exchange Limited (DSE) within next 30 working days.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.