DSE:BSRMSTEEL

BSRM Steels Limited announcements

316 Dhaka Stock Exchange announcements for BSRM Steels Limited (BSRMSTEEL) since 2009: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2010 (27).

  1. SEC has given consent to the company, under the provisions of the Securities and Exchange Commission (Issue of Capital)

    SEC has given consent to the company, under the provisions of the Securities and Exchange Commission (Issue of Capital) Rules, 2001, for raising the paid-up capital of BSRM Steels Limited by Tk. 104.50 crore only through issuance of 1,04,50,000 ordinary shares of Tk. 100.00 each for the purpose of acquiring BSRM Iron and Steel Co. Limited shares at the ratio of 1 BSRM Steels Limited shares to 1 BSRM Iron and Steel Co. Limited shares. The consent has been accorded subject to the condition that the company shall comply with the relevant laws and regulatory requirements, and also shall adhere to the conditions imposed by SEC under Section-2CC of the Securities and Exchange Ordinance, 1969.

  2. The Company has informed that the Board of Directors of the Company has decided to purchase a piece of land at the curre

    The Company has informed that the Board of Directors of the Company has decided to purchase a piece of land at the current market price to the extent of Tk. 19.00 crore located under Sitakunda Upazila, Chittagong as a support facility or for the expansion of the plant.

  3. (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2010 (July'10 to Sep'10), the Com

    (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2010 (July'10 to Sep'10), the Company has reported net profit after tax of Tk. 52.95 million with EPS of Tk. 3.18 as against Tk. 151.80 million and Tk. 9.10 (restated) respectively for the same period of the previous year. Whereas net profit after tax was Tk. 602.85 million with EPS of Tk. 36.15 for the period of nine months (Jan'10 to Sep'10) ended on 30.09.10 as against Tk. 478.26 million and Tk. 28.68 (restated) respectively for the same period of the previous year.

  4. The company has further informed that the annual production capacity of the company has been increased to 5,50,000 MT pe

    The company has further informed that the annual production capacity of the company has been increased to 5,50,000 MT per annum which was initially planned for 5,00,000 MT as declared by the company on 16.08.2009.

  5. Mr. Aameir Alihussain and Mr. Alihussain Akberali, both are Directors of the company, have further reported that they ha

    Mr. Aameir Alihussain and Mr. Alihussain Akberali, both are Directors of the company, have further reported that they have completed their sale of 55,200 and 35,000 shares respectively at prevailing market price through Stock Exchange as announced earlier.

  6. Mr. Aameir Alihussain, one of the Directors of the company, has reported his intention to sell 55,200 shares (Bonus Shar

    Mr. Aameir Alihussain, one of the Directors of the company, has reported his intention to sell 55,200 shares (Bonus Shares) out of his total holdings of 4,23,432 shares of the company at prevailing market price through Stock Exchange within 31st October 2010.

  7. Mr. Alihussain Akberali, one of the Directors of the company, has reported his intention to sell 35,000 shares (Bonus Sh

    Mr. Alihussain Akberali, one of the Directors of the company, has reported his intention to sell 35,000 shares (Bonus Shares) out of his total holdings of 4,39,067 shares of the company at prevailing market price through Stock Exchange within 31st October 2010.

  8. Ms. Tehseen Zohair Taherali, one of the Directors of the company, has further reported that she has completed her sale o

    Ms. Tehseen Zohair Taherali, one of the Directors of the company, has further reported that she has completed her sale of 55,200 shares of the company at prevailing market price through Stock Exchange as announced earlier.

  9. Mr. Zohair Taherali, one of the Directors of the company, has further reported that he has completed his sale of 57,250

    Mr. Zohair Taherali, one of the Directors of the company, has further reported that he has completed his sale of 57,250 shares of the company at prevailing market price through Stock Exchange as announced earlier.

  10. Ms. Tehseen Zohair Taherali, one of the Directors of the company, has reported her intention to sell 55,200 shares (Bonu

    Ms. Tehseen Zohair Taherali, one of the Directors of the company, has reported her intention to sell 55,200 shares (Bonus Shares) out of her total holdings of 4,80,932 shares of the company at prevailing market price through Stock Exchange within 31st October 2010.

  11. Mr. Zohair Taherali, one of the Directors of the company, has reported his intention to sell 57,250 shares (Bonus Shares

    Mr. Zohair Taherali, one of the Directors of the company, has reported his intention to sell 57,250 shares (Bonus Shares) out of his total holdings of 4,39,067 shares of the company at prevailing market price through Stock Exchange within next 30 working days.

  12. In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Com

    In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

  13. As per un-audited half yearly accounts as on 30.06.10 (Jan' 10 to June' 10), the company has reported net profit after t

    As per un-audited half yearly accounts as on 30.06.10 (Jan' 10 to June' 10), the company has reported net profit after tax of Tk. 549.90 million with EPS of Tk. 32.98 as against Tk. 326.46 million and Tk. 19.58 (restated) respectively for the same period of the previous year. Whereas net profit after tax was Tk. 63.44 million with EPS of Tk. 3.80 for the period of 3 months (Apr' 10 to June' 10) ended on 30.06.10 as against Tk. 282.49 million and Tk. 16.94 (restated) respectively for the same period of the previous year. Accumulated loss of the company was Tk. (992.61) million as on 30.06.10.

  14. DSE NEWS: The Stock Brokers and Merchant Bankers are requested not to provide loan facilities to purchase shares of BSRM

    DSE NEWS: The Stock Brokers and Merchant Bankers are requested not to provide loan facilities to purchase shares of BSRM Steels Limited between 1st to 30th trading day after change of categorization of the said security i.e. starting from 16.06.2010 as per SEC Directive No. SEC/CMRRCD/2001-43/169 dated October 01, 2009 and SEC Order No. SEC/CMRRCD/2001-50/167 dated October 01, 2009 respectively.

  15. The company will be placed in "A" category from existing "Z" category with effect from 16.06.10 as the company reported

    The company will be placed in "A" category from existing "Z" category with effect from 16.06.10 as the company reported disbursement of stock dividend @ 15% for the year 2009.

  16. The company has informed that it has credited the stock dividend for the year 2009 to the respective shareholders' BO Ac

    The company has informed that it has credited the stock dividend for the year 2009 to the respective shareholders' BO Accounts on 15.06.10.

  17. As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2010 (Jan'10 to Mar'10), the company has re

    As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2010 (Jan'10 to Mar'10), the company has reported net profit after tax of Tk. 486.46 million with basic EPS of Tk. 33.55 as against Tk. 43.97 million and Tk. 3.03 respectively for the same period of the previous year. However, considering proposed bonus share @ 15% for the year 2009, diluted EPS will be Tk. 29.17 as on 31.03.10 and Tk. 2.64 (restated) as on 31.03.09. Accumulated loss of the company was Tk. (838.55) million as on 31.03.10.

  18. Normal trading of the shares of the company will resume on 06.05.10 after record date for AGM and EGM.

    Normal trading of the shares of the company will resume on 06.05.10 after record date for AGM and EGM.

  19. Trading of the shares of the company will remain suspended on record date i.e. 05.05.10 for AGM and EGM.

    Trading of the shares of the company will remain suspended on record date i.e. 05.05.10 for AGM and EGM.

  20. Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be

    Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 22.04.10 to 04.05.10. Trading of the shares of the company will remain suspended on record date i.e. 05.05.10 for AGM and EGM.

  21. The Credit Rating Information and Services Limited (CRISL) has rated the company as "AA-" in the long term and "ST-2" in

    The Credit Rating Information and Services Limited (CRISL) has rated the company as "AA-" in the long term and "ST-2" in the short term based on financial statements of the company upto September 2009 and other relevant quantitative as well as qualitative information upto date of rating declaration.

  22. The company has further informed that the Record date for holding 8th AGM of the company will be 05.05.10 instead of 27.

    The company has further informed that the Record date for holding 8th AGM of the company will be 05.05.10 instead of 27.04.10 to comply with the DSE Listing Regulations. Other information of the AGM as announced earlier.

  23. There will be no price limit on the trading of the shares of the company today (18.04.10) following its corporate declar

    There will be no price limit on the trading of the shares of the company today (18.04.10) following its corporate declaration.

  24. (continuation of news of BSRMSTEEL): for acquisition of 95% ordinary shares of BSRM Iron & Steels Company Ltd. by exchan

    (continuation of news of BSRMSTEEL): for acquisition of 95% ordinary shares of BSRM Iron & Steels Company Ltd. by exchange of 1 ordinary share of BSRM Steels Ltd. for 1 ordinary share of BSRM Iron & Steels Company Ltd. subject to the approval of shareholders and SEC. Date of EGM & AGM: 06.06.10, Time of EGM and AGM: 10:00 AM and 10:30 AM respectively, Venue: The Institution of Engineers, Bangladesh, SS Khaled Road,Chittagong. Record Date: 27.04.10. The company has also reported EPS of Tk. 39.59, Net Asset Value per share of Tk. 8.62 and Net Operating Cash flow per Share of Tk. (92.13) for the year ended on 31.12.09 as against Tk. (153.00), Tk. (30.97) and Tk. (367.44) respectively for the year ended on 31.12.08.

    The first part of this announcement is missing from the archive.
  25. The Board of Directors has recommended stock dividend @ 15% for the year 2009. The Board has also decided to increase Au

    The Board of Directors has recommended stock dividend @ 15% for the year 2009. The Board has also decided to increase Authorized Share Capital of the Company from Tk. 200.00 crores to Tk. 500.00 crores comprising of preference shares of Tk. 25,00,00,000.00 (Twenty five crores) divided into 25,00,000 shares of Tk. 100.00 each and ordinary shares of TK. 475,00,00,000.00 (Four hundred seventy five crores) divided in to 4,75,00,000 shares of Tk. 100.00 each and to amend and reprint the Memorandum and Article of Association of the Company subject to the approval of shareholders and Regulatory Authorities. The company has also decided to issue 1,04,50,000 ordinary shares of Tk. 100.00 each (continue)

  26. As per Regulation 30 of DSE Listing Regulations, the company has informed that a meeting of the Board of Directors of th

    As per Regulation 30 of DSE Listing Regulations, the company has informed that a meeting of the Board of Directors of the company will be held on 15.04.2010 at 5:00 PM to consider, among other things, audited financial statements of the company for the year ended on December 31, 2009.

  27. In response to a DSE query dated 10.01.2010, the company has informed that there is no undisclosed price sensitive infor

    In response to a DSE query dated 10.01.2010, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike. The company has also clarified about the newspaper reporting published in 'The Financial Express' on 10.01.2010 in the following manner, "BSRM Steels Ltd. is not holding any share of BSRM Iron and Steels Co. Ltd. (BISCO) which is also a sister concern of BSRM Group of Companies. There is no impact on the earnings and profitability of BSRM Steels Ltd. due to the operation of BISCO as BSRM Steels Ltd. is not holding any share of BISCO".

Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.