Bangladesh General Insurance Company PLC. announcements
350 Dhaka Stock Exchange announcements for Bangladesh General Insurance Company PLC. (BGIC) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (26).
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.31 for July-September 2022 as against Tk. 0.30 for July-September 2021; EPS was Tk. 1.56 for January-September 2022 as against Tk. 1.88 for January-September 2021. NOCFPS was Tk. 2.10 for January-September 2022 as against Tk. 3.72 for January-September 2021. NAV per share was Tk. 19.83 as on September 30, 2022 and Tk. 20.12 as on September 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 October 30, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
- Transmission of Deceased Director?s shares to his nominees
The Company has informed that Mr. Sohail Humayun, one of the Directors of the Company passed away on 26.05.2021. His holdings 4,53,513 shares will be transmitted to his nominees Mr. Sahil Humayun (son), General Shareholder and Mr. Shayer Humayun (son), General Shareholder respectively of the company by way of nomination.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.
- ARGUS Credit Rating Services Limited (ACRSL) has announced the CPA (Claim Paying Ability) rating of the Company as \"AA+
ARGUS Credit Rating Services Limited (ACRSL) has announced the CPA (Claim Paying Ability) rating of the Company as \"AA+\" for long term and \"ST-2\" for short term in consideration of financials of the Company up to December 31, 2021 (audited); Q2FY22 (unaudited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.55 for April-June 2022 as against Tk. 0.89 for April-June 2021; EPS was Tk. 1.25 for January-June 2022 as against Tk. 1.58 for January-June 2021. NOCFPS was Tk. 1.15 for January-June 2022 as against Tk. 2.40 for January-June 2021. NAV per share was Tk. 20.41 as on June 30, 2022 and Tk. 21.09 as on June 30, 2021.
- Change of AGM venue
The Company has further informed that the 37th AGM of the Company will be held on August 18, 2022 at 11:00 AM virtually by using Digital Platform through the link https://bgic.virtalagm2022.com instead of earlier declared Physical presence. Other information of the AGM will remain unchanged.
- 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 July 28, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
- Resumption after record date
Trading of the shares of the company will resume on 12.07.2022 after record date.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 07.07.2022.
- 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 05.07.2022 to 06.07.2022 and trading of the shares will remain suspended on record date i.e., 07.07.2022.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.71 for January-March 2022 as against Tk. 0.69 for January-March 2021. NOCFPS was Tk. 0.87 for January-March 2022 as against Tk. 0.84 for January-March 2021. NAV per share was Tk. 20.25 as on March 31, 2022 and Tk. 19.43 as on March 31, 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 June 29, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2022.
- The auditor of the Bangladesh General Insurance Company Ltd has given the \"Qualified Opinion\" & \"Emphasis of matters\
The auditor of the Bangladesh General Insurance Company Ltd has given the \"Qualified Opinion\" & \"Emphasis of matters\" paragraphs on the audited financial statements for the year ended December 31, 2021. Qualified Opinion: We could not obtain sufficient appropriate audit evidence regarding Premium Deposits of BDT 3.16 million in note no. 8 to the financial statements, BDT 9.79 million in the \"Cash and Cheques in hand\" as carried in note no. 21 to the financial statements, (cont.1)
- (Continuation news of BGIC): and the reconciliation of the difference of BDT 114.82 million between VAT return and \"Pre
(Continuation news of BGIC): and the reconciliation of the difference of BDT 114.82 million between VAT return and \"Premium\" as presented in \"Form-XL\" to the financial statements. Moreover, we could not obtain the fixed asset register of the Property, Plant and Equipment of the company shown in note no. 22.01 to the financial statements. Emphasis of Matter: We draw attention to note 3.23 (d) of the financial statements, which describes the reason for not establishing (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of BGIC): non-availability of audit report. We draw attention to note 2.02 of the financial statement
(Continuation news of BGIC): non-availability of audit report. We draw attention to note 2.02 of the financial statements, which stats that the company has not fully complied with IFRS 16. Our opinion is not modified in respect of these matters. Note 3.23 (a) Contributory Provident Fund: The Company operates a provident fund, recognized by the income Tax Authorities. Confirmed employees of the Company are eligible for the said provident fund. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of BGIC): Employees of the Company contribute ten percent of their basic salary and the employer make
(Continuation news of BGIC): Employees of the Company contribute ten percent of their basic salary and the employer make similar contribution to the fund. The provident fund is wholly administered by a Board of Trustees and no part of the fund is included with the assets of the Company. Note 3.23 (b) Gratuity: The Company operates a gratuity scheme under which a regular confirmed employee is entitled to benefit at a graduated scale based on the length of service. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of BGIC): The Length of service for the purpose of gratuity shall be reckoned from the date of joinin
(Continuation news of BGIC): The Length of service for the purpose of gratuity shall be reckoned from the date of joining in the regular service of the Company. Provision on Gratuity is made on the decision of management. During the year company transfer Tk. 500,000 to the gratuity fund. Note 3.23 (d) Workers Profit Participation Fund (WPPF): The company refers the mater of provision for Worker Profit Participation Fund (WPPF) and like to clarify that as per provision of para (A to G) (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of BGIC): of section 233 Bangladesh Labour Amendments Act 2013, functions of Non life Insurance Compa
(Continuation news of BGIC): of section 233 Bangladesh Labour Amendments Act 2013, functions of Non life Insurance Companies are not similar to the functions of Industrial Relating Works as mentioned in the aforesaid section. Therefore, provision for Workers Profit Participation and Welfare Fund (WPPF) is not applicable for the Company. It may be mentioned here that Bangladesh General Insurance Company Ltd. (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of BGIC): Has been maintaining a Recognized Employees Provident Fund, Gratuity Scheme, Group Life Sch
(Continuation news of BGIC): Has been maintaining a Recognized Employees Provident Fund, Gratuity Scheme, Group Life Scheme (GLS), Group Medical Benefits plan, House Building Loan Scheme and Car/Motor Cycle Loan Scheme subject to fulfillment of certain terms and conditions. (end)
The first part of this announcement is missing from the archive. - Qualified Opinion & Emphasis of matters
(Continuation news of BGIC): Worker's Profit Participation Fund by the Company according to Bangladesh Labor Act 2006 (as amended in 2013). We refer to note 3.23 (b) of financial statements, which shows that the Company has not performed any actuarial valuation on gratuity fund that is a noncompliance as per IAS 19. Furthermore, as described in note no. 3.23 (a) of the financial statements, the management could not determine the forfeited amount of the provident fund due to (cont.3)
The first part of this announcement is missing from the archive. - The Company has requested the shareholders to update their BO accounts with 12 digit e-TIN and any other changes in thei
The Company has requested the shareholders to update their BO accounts with 12 digit e-TIN and any other changes in their particulars through their Depository Participant (DP) and the shareholders bearing Folio Numbers are requested to submit their e-TIN Certificate to the Share Department of the Company latest by July 06, 2022; failing of which Income Tax will be deducted at source @15\% instead of 10\% from cash dividend as per Income Tax Ordinance 1984. (cont.)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (15.06.2022) following its corporate declaration.
- Update of Information
Continuation news of BGIC): The Company has also requested the Depository Participants to provide the details (shareholder's name, BO ID, shareholding position, applicable tax rate, dividend amount, bank name, account no. and routing no., etc.) of the margin Loan Holders who hold Company's shares on the Record date to the share office at 42, Dilkusha C/A, Dhaka. (end)
- Dividend Declaration
The Board of Directors has recommended 12.50% cash dividend for the year ended December 31, 2021. Date of AGM: 18.08.2022, Time: 11:00 AM, Venue: Dhaka Ladies Club, Eskaton Garden Road, Dhaka. Record Date: 07.07.2022. The Company has also reported EPS of Tk. 1.92, NAV per share of Tk. 19.63 and NOCFPS of Tk. 2.28 for the year ended December 31, 2021 as against Tk. 1.25, Tk. 19.38 and Tk. 1.94 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 June 14, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.