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 2016 (16).
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 2.21 for July-September, 2016 as against Tk. 1.71 for July-September, 2015; Consolidated NOCFPS was Tk. (12.27) for July-September, 2016 as against Tk. 3.31 for July-September, 2015. Consolidated NAV per share was Tk. 32.93 as of September 30, 2016 and Tk. 30.72 as of June 30, 2016.
- 6 Months Audited
The Company has informed that the Board of Directors has approved the six months consolidated audited accounts (Jan-June 2016) of the Company: Consolidated EPS for 6 months period was Tk. 3.68 for January-June, 2016 as against Tk. 3.09 for January-June, 2015; Consolidated NOCFPS was Tk. 9.88 for January-June, 2016 as against Tk. 14.24 for January-June, 2015. Consolidated NAV per share was Tk. 30.71 as of June 30, 2016 and Tk. 30.03 as of December 31, 2015.
- Setting up of New Melting Plant
The Company has informed that a new melting plant with a capacity of producing 430,000 M. Ton MS Billets per annum will be set up at Sonapahar, Mirsarai, Chittagong under the Company with approximate cost of Tk. 725.00 crore.
- Board Meeting
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 06, 2016 at 4:00 PM to consider, among others, audited financial statements of the Company for the six months period (January-June, 2016) ended on June 30, 2016.
- 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, 2015 and unaudited financials up to March 31, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Starting of Commercial Production of an Associated Company
The Company has informed that the Board of Directors of the Company has confirmed starting of Commercial Production of its Associated Company  BSRM Steel Mills Limited (holding 25.35% of shares) with effect from June 16, 2016. This plant is producing MS Billets with annual capacity of 8,62,000 M.Ton. No financial projection has been made on the basis of present production performance of BSRM Steel Mills Limited.
- Q1
Consolidated EPS was Tk. 2.75 for January-March, 2016 as against Tk. 0.89 for January-March, 2015. Consolidated NOCFPS was Tk. 11.90 for January-March, 2016 as against Tk. 18.78 for January-March, 2015. Consolidated NAV per share was Tk. 29.78 as of March 31, 2016 and Tk. 30.03 as of March 31, 2015.
- Dividend Disbursement
The Company has informed that it has disbursed cash dividend for the year ended on December 31, 2015 to the respective shareholders' Bank Accounts through BEFTN.
- 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 May 08, 2016 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2016.
- Resumption after Record date
Normal trading of the shares of the Company will resume on 06.03.2016 after record date for AGM & EGM.
- Suspension for Record Date for AGM & EGM
Trading of the shares of the Company will remain suspended on record date i.e., 03.03.2016 for AGM & EGM.
- Spot for AGM & 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 with cum benefit from 01.03.2016 to 02.03.2016. Trading of the shares of the Company will remain suspended on record date i.e., 03.03.2016 for AGM & EGM.
- Dividend Declaration & Merger
The Board of Directors has recommended 30% cash dividend for the year ended on December 31, 2015. The Company has also decided to hold an EGM for the following: "BSRM Steels Limited and BSRM Iron & Steel Co. Ltd. will be merged under the provision of section 228 & 229 of the Companies Act 1994 by transferring all assets and liabilities of BSRM Iron & Steel Co. Ltd. to BSRM Steels Limited subject to the consent of shareholders at EGM and approval from the Hon'ble High Court division of Supreme Court of Bangladesh". Date of AGM & EGM: 30.03.2016, Time for AGM and EGM: 09:30 AM & 11:15 AM, Venue: The Institution of Engineers Bangladesh, Chittagong Center, S.S. Khaled Road, Chittagong. Record date for AGM & EGM: 03.03.2016. The Company has also reported consolidated net profit of Tk. 2,096.85 million, consolidated EPS of Tk. 6.14, consolidated NAV per share of Tk. 30.03 and consolidated NOCFPS of Tk. 19.78 for the year ended on December 31, 2015 as against Tk.1,239.22 million, Tk. 3.63, Tk. 25.34 and Tk. (8.16) respectively 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 (11.02.2016) 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 February 10, 2016 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.
- Revised PSI regarding Issuance of Zero Coupon Bond
With reference to their earlier news disseminated by DSE on December 29 and 30, 2015 the Company has further informed that they have revised the PSI in the following manner: "The Board of Directors of BSRM Steels Limited has confirmed that the BSEC has approved to issue Zero Coupon Bond for Tk. 245,05,92,000.00 only to meet the capital expenditure/refinancing of costly loans and equity investment in the power project of BSRM Group of Companies. Face value of each bond is BDT Tk. 1,000.00 only".
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.