Beach Hatchery Limited announcements
330 Dhaka Stock Exchange announcements for Beach Hatchery Limited (BEACHHATCH) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2016 (15).
- Postponement of the 21st AGM of the Company
The Company has further informed that, due to unavoidable circumstances, the 21st AGM of the Company to be held on December 28, 2016, has been postponed. The new date, time and venue of the AGM will be notified later.
- Resumption after record date
Trading of the shares of the Company will resume on 24.11.2016 after record date.
- Suspension for record date
Trading of the shares of the Company will remain suspended on record date i.e., 23.11.2016.
- Q1 Financials
EPS was Tk. (0.11) for July-September, 2016 as against Tk. (0.10) for July-September, 2015; NOCFPS was Tk. (0.01) for July-September, 2016 as against Tk. 0.02 for July-September, 2015. NAV per share was Tk. 11.15 as of September 30, 2016 and Tk. 11.34 as of September 30, 2015.
- 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 17, 2016 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30,<br> 2016<br> .
- Spot 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 from 10.11.2016 to 22.11.2016. Trading of the shares of the Company will remain suspended on record date i.e., 23.11.2016.
- Dividend Declaration
The Board of Directors has recommended No dividend for the 18 months period from January 01, 2015 to June 30, 2016. Date of AGM: 28.12.2016, Time: 3:30 PM, Venue: Mumtaj Mahal, House no. 11. Road No. 7/D, (Main Road, Opposite to House Building) Sector No. 9, Uttara Model Town, Dhaka. Record date: 23.11.2016. The Company has also reported EPS of Tk. (0.53) and NOCFPS of Tk. 0.02 for the 18 months period from January 01, 2015 to June 30, 2016 as against Tk. 1.07 and Tk. 0.76 respectively for 18 months period from July 01, 2013 to December 31, 2014. NAV per share of Tk. 11.26 as on June 30, 2016 whereas NAV per share of Tk. 12.38 as on December 31, 2014.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (03.11.2016) 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 02, 2016 at 3:30 PM to consider, among others, audited financial statements of the Company for the 18 months period from January 01, 2015 to June 30, 2016.
- Category Change
The Company will be placed in "Z" category from existing "B" category with effect from October 26, 2016 in accordance with the regulation 2(z) of the Dhaka Stock Exchange (Settlement of Transactions) Regulations, 2013 as the Company is not in continuous operation for more than 6 (six) months.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase any security of Beatch Hatchery Limited, with effect from October 26, 2016 as per BSEC Directive No. SEC/CMRRCD/2001-43/169 dated October 01, 2009.
- Change of Financial year
The Company has informed that the Board of Directors has decided, according to the Companies Act, 1994 and the BSEC's Directives dated 27th April, 2016 to extend the Financial Year 2015 of the Company by an additional period of 6 months, comprising to 18 months period ending on June 30, 2016 instead of December 31, 2015 in order to comply with the uniform income year from July to June as per provision of Section 9 of the Finance Act, 2015.
- Closure of Production
The Company has informed that, among others, they received a notice from the District Commissioner of the Cox's Bazar for acquisition of its land during the month of August 2015. The Company applied to the respective authority against the decision of the acquisition as it would severely hamper the overall production of the hatchery. But the authority did not consider the appeal. Moreover, Reservoir Tank, UV House, Water Pump House, Overhead Tank and around 68,500 square feet area etc. were demolished by the Marine Drive construction authority. By utilizing their experience they were trying to continue their production. But they are bound to shut down their production as the hatchery production depends on the salted water of sea. However, they are also trying to restart the production as early as possible.
- Imposing Fine on Directors of the Company
BSEC has fined Tk. 1.00 lac each to Engineer Md. Shariful Islam (Chairman), Ms. Fahmida Islam (Director), Mr. Md. Maniruzzaman (Director), Mr. Syed Nur Ahamad (Director) of Beach Hatchery Ltd. for non-compliance with the securities related laws.
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the ended on December 31, 2014 to the respective shareholders' BO Accounts on January 12, 2016.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.