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 2015 (23).
- Issuance of Zero Coupon Bond
With reference to their earlier news (disseminated by DSE on 29.12.2015), the Company has further informed that the face value of each Zero Coupon Bond is Tk. 1,000.00 at Coupon/Discount Rate of 9.50% p.a.
- Issuance of Zero Coupon Bond
The Company has informed that BSEC has accorded consent to the Company regarding issuance of Zero Coupon Bond of Tk. 245,05,92,000 only for meeting the capital expenditure/refinancing of costly loans and equity investment in the power project of BSRM Group of Companies.
- Starting of commercial production after completion of BMRE
The Company has further informed that the Board of Directors has declared to start its commercial production with enhanced capacity after successful completion of BMRE works, with effect from December 07, 2015.
- Shut down of the Mill for BMRE purpose
The Company has informed the Board of Directors has decided that the mill will go for shut down for about 20 to 25 days from November 15, 2015 to complete the BMRE works i.e. to increase the production capacity from 6,00,000 metric ton to 7,00,000 metric ton.
- Q3 Financials
Consolidated EPS was Tk. 1.71 for July-September, 2015 as against Tk. 0.51 for July-September, 2014; Consolidated EPS was Tk. 4.79 for January-September, 2015 as against Tk. 2.90 for January-September, 2014. Consolidated NOCFPS was Tk. 16.72 for January-September, 2015 as against Tk. (5.62) for January-September, 2014. Consolidated NAV per share was Tk. 28.68 as of September 30, 2015 and Tk. 25.34 as of December 31, 2014.
- 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 October 17, 2015 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the period ended on September 30, 2015.
- Resumption News after Record Date for EGM
Normal trading of the shares of the Company will resume on 30.07.2015 after record date for EGM.
- Suspension News for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 29.07.2015 for EGM.
- Spot News for EGM
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 27.07.2015 to 28.07.2015. Trading of the shares of the Company will remain suspended on record date i.e., 29.07.2015 for EGM.
- EGM for issuing Zero Coupon Bond
With reference to their earlier news (disseminated by DSE on 12.07.2015), regarding issuance of Zero Coupon Bond of Tk. 2,000.00 million, the Company has further informed that, the EGM for the above reason will be held on 25.08.2015. Time of EGM: 4:00 PM. Venue of EGM: Shoronika Community Centre, 13, Love Lane, Chittagong. The record date for the EGM will be 29.07.2015.
- Half Yearly Financials
(H/Y Un-audited): Consolidated Net Profit after tax (excluding non controlling interest) from Jan'15-June'15 was Tk. 1,054.43 m. with Consolidated EPS of Tk. 3.09 as against Tk. 817.53 m. and Tk. 2.39 respectively for the same period of the previous year. Whereas Consolidated Net Profit after tax (excluding non controlling interest) from April'15-June'15 was Tk. 751.37 m. with Consolidated EPS of Tk. 2.20 as against Tk. 414.40 m. and Tk. 1.21 respectively for the same period of the previous year.
- Issuance of Zero Coupon Bonds
The Company has informed that the Board of Directors of the Company has decided to issue Zero Coupon Bond of Tk. 2,000.00 million subject to the approval from the Bangladesh Securities and Exchange Commission. The proceeds will be used for capital expenditure/ refinancing of costly loans and equity investment in the power project of BSRM Group of Companies.
- Credit Rating result
Credit Rating Information and Services Limited (CRISL) has rated the Company as AA in the long term and ST-2 in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2014, unaudited financials up to March 31, 2015 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Query Response
In response to a DSE query dated May 27, 2015, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.<br>
- Q1 Financials
(Repeat): (Q1 Un-audited): Consolidated Net Profit after tax (excluding non controlling interest) from Jan15 to March15 was Tk. 303.07 million with consolidated EPS of Tk. 0.89 as against Tk. 403.12 million and Tk. 1.18 respectively for the same period of the previous year.<br>
- Q1 Financials
(Q1 Un-audited): Consolidated Net Profit after tax (excluding non controlling interest) from Jan15 to March15 was Tk. 303.07 million with consolidated EPS of Tk. 0.89 as against Tk. 403.12 million and Tk. 1.18 respectively for the same period of the previous year.
- Trade Resume
Normal trading of the shares of the Company will resume on 13.04.2015 after record date.
- Suspension News for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 12.04.2015.
- Spot News for AGM
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 08.04.2015 to 09.04.2015. Trading of the shares of the Company will remain suspended on record date i.e., 12.04.2015.
- Dividend Declaration
The Board of Directors has recommended 15% cash dividend for the year ended on December 31, 2014. Date of AGM: 15.06.2015, Time: 10:30 AM, Venue: The Institution of Engineers Bangladesh, Chittagong Center, S.S. Khaled Road, Chittagong. Record date: 12.04.2015. The Company has also reported consolidated net profit of Tk. 1,239.22 million, consolidated EPS of Tk. 3.63, consolidated NAV per share of Tk. 25.34 and consolidated NOCFPS of Tk. (8.16) for the year ended on December 31, 2014.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (01.04.2015) following its corporate declaration.
- Board Meeting
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on March 31, 2015 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.
- Land Purchase
The Company has informed that the Board of Directors of the Company has decided to purchase 335.45 decimal land at Chapatoli & Kaudala, Bandar, Narayanganj for construction of its warehouse. The approximate cost to purchase the land will be Tk. 11.30 crore. The cost of construction of the warehouse will be approximately Tk. 50.00 crore.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.