Bangladesh Submarine Cables PLC announcements
228 Dhaka Stock Exchange announcements for Bangladesh Submarine Cables PLC (BSCPLC) since 2012: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (26).
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has assigned the rating of the Company as "AAA" in the long term and "ST-1" in the short term along with Stable outlook in consideration of its audited financials up to June 30, 2024 also unaudited financials up to September 30, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Q1 Financials
(Q1 Un-audited): Basic EPS was Tk. 2.83 for July-September 2024 as against Tk. 3.88 for July-September 2023; Diluted EPS was Tk. 2.57 for July-September 2024 as against Tk. 3.22 for July-September 2023; NOCFPS was Tk. 1.91 for July-September 2024 as against Tk. 5.23 for July-September 2023. NAV per share was Tk. 94.60 as on September 30, 2024 and Tk. 93.06 as on June 30, 2024. (cont.1) (cont. news of BSCPLC): Net Asset value per share has been increased mainly due to ordinary course of business activities even after issuance of 2,21,33,333 new shares in favor of Government of Bangladesh (PTD) on 17 September 2024. (end) (cont. news of BSCPLC): The decrease in Net operating cash flows per share is mainly due to less collection of revenue and dues from the customers comparing that of the previous same period and issuance of 2,21,33,333 new shares in favor of Government of Bangladesh (PTD) on 17 September 2024. (cont.3) (cont. news of BSCPLC): Reasons for deviation in EPS, NOCFPS and NAVPS: The decrease in EPS is mainly due to reduction of revenue in IPLC Rent, IP Transit service, increase in Operation and Maintenance Expenses along with increase in weighted average number of shares due to issuance of 2,21,33,333 new shares in favor of Government of Bangladesh (PTD) on 17 September 2024. (cont.2)
- 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 09, 2024 at 2:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Resumption after Record date
Trading of the shares of the company will resume on 05.11.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 04.11.2024.
- 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 31.10.2024 to 03.11.2024 and trading of the shares of the company will remain suspended on record date i.e., 04.11.2024.
- Appointment of Managing Director
The Company has informed that the Board of Directors has appointed Mr. Md. Aslam Hossain as the Managing Director of the company.
- Qualified Opinion and Emphasis of Matter
The auditor of the company has given the "Qualified Opinion and Emphasis of 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/October/BSCPLC_2024.pdf
- Dividend Declaration
The Board of Directors has recommended 40% Cash Dividend for the year ended June 30, 2024. Date of AGM: 27.11.2024, Time: 11:00 AM, Venue: Digital Platform. Record Date: 04.11.2024. The Company has also reported Diluted EPS of Tk. 9.02, Basic EPS of Tk. 11.10, NAV per share of Tk. 93.06 and NOCFPS of Tk. 17.63 for the year ended June 30, 2024 as against Tk. 13.75, Tk. 16.92, Tk. 85.05 and Tk. 14.68 respectively for the year ended June 30, 2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (06.10.2024) 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 October 05, 2024 at 03:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- Refer to their earlier news disseminated by DSE on 11.09.2024. In this connection, the company has further informed that
Refer to their earlier news disseminated by DSE on 11.09.2024. In this connection, the company has further informed that the Board of Directors of the company in its meeting held on September 17, 2024 has approved to issue 2,21,33,333 ordinary shares (face value of Taka 10 and premium of Taka 65 each) of BSCPLC through CDBL at a price of Taka 75 each in favour of the Secretary, Posts and Telecommunications Division (On behalf of Government of Bangladesh) (cont.1)
- (Cont. news of BSCPLC): against the equity money of Taka 166 crore received under the Development Project named \"Region
(Cont. news of BSCPLC): against the equity money of Taka 166 crore received under the Development Project named \"Regional Submarine Telecommunications Project, Bangladesh (Installation and Establishment of Second Submarine Cable System (SMW-5) for International Telecommunications in Bangladesh)\". Furthermore, in the same meeting the Board of Directors of the company has also decided to adjust Taka 22,13,33,330 and Taka 143,86,66,645 (cont.2)
The first part of this announcement is missing from the archive. - Regarding board approval for issuing ordinary shares
(Cont. news of BSCPLC): with Paid Up Capital and the Share Premium account of the company respectively. The remaining Taka 25 will be adjusted at later stage in convenient time. Due to the above stated share issue the paid-up capital of the company will be increased to Taka 187,03,88,430 from Taka 164,90,55,100. The newly issued shares will be in lock-in for 03 (three) years according to instruction of BSEC. (end)
The first part of this announcement is missing from the archive. - Refer to their earlier news disseminated by DSE on 15.02.2024. In this connection, the company has further informed that
Refer to their earlier news disseminated by DSE on 15.02.2024. In this connection, the company has further informed that the Bangladesh Securities and Exchange Commission (BSEC) has given its consent to issue of 2,21,33,333 ordinary shares (face value of Taka 10 and premium of Taka 65 each) at a price of Taka 75 each in favour of the Secretary, Posts and Telecommunications Division (On behalf of Government of Bangladesh) (cont.)
- BSEC consent for raising paid-up-capital of the company
(Cont. news of BSCPLC): against the equity money received amounting Taka 140 crore in the FY 2015-2016 and Taka 26 crore in the FY 2016-2017, in total of Taka 166 crore under the Development Project named 'Regional Submarine Telecommunications Project, Bangladesh (Installation and Establishment of Second Submarine Cable System (SMW-5) for International Telecommunications in Bangladesh)'. (end)
The first part of this announcement is missing from the archive. - BSCCL: Name Change of the Company
Dhaka Stock Exchange PLC. (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'Bangladesh Submarine Cables PLC' instead of 'Bangladesh Submarine Cable Company Limited' and DSE Trading Code for Bangladesh Submarine Cables PLC will be 'BSCPLC' instead of 'BSCCL' with effect from May 21, 2024. Other things (except name and trading code) will remain unchanged.
- BSCCL: Q3 Financials
(Continuation news of BSCCL): NAV per share was Tk. 92.16 as on March 31, 2024 and Tk. 85.05 as on June 30, 2023. (end)
The first part of this announcement is missing from the archive. - BSCCL: 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 02:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- BSCCL: Update of shareholders' decision in 2nd EGM of the company
(Continuation news of BSCCL): On the other hand, the proposal regarding "to approve the proposed change of Article 148 regarding the appointment of Managing Director of the Company" has not been accepted as Special Resolution in the said EGM. (end)
The first part of this announcement is missing from the archive. - BSCCL: Regarding change of Company Secretary
The company has informed that Mr. Mohammad Zakirul Alam, Deputy General Manager (Customer Care) has been given additional charge of Company Secretary of the company.
Posted under the former code BSCCL. - BSCCL: Q2 Financials
(Continuation news of BSCCL): Reason for deviation: The decrease in EPS is mainly due to reduction of revenue in IPLC Rent, IP Transit service and increase in Provision for Bad and doubtful debts. The increase in NOCFPS is mainly due to collection of revenue from the customers. NAVPS has been increased mainly due to ordinary course of business activities. (end)
Posted under the former code BSCCL. The first part of this announcement is missing from the archive. - BSCCL: 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 30, 2024 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
Posted under the former code BSCCL. - BSCCL: Resumption after record date
Trading of the shares of the company will resume on 23.01.2024.
Posted under the former code BSCCL. - BSCCL: Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 22.01.2024 for EGM.
Posted under the former code BSCCL. - BSCCL: Spot for EGM
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 18.01.2024 to 21.01.2024 and trading of the shares will remain suspended on record date i.e., 22.01.2024 for EGM.
Posted under the former code BSCCL.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.