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 2021 (27).
- Buy Declaration of a Corporate Director
H. Akberali & Co. Limited, one of the Corporate Directors of the Company, has expressed its intention to buy 8,50,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (CSE) within next 30 working days, as per Rule-4 of the BSEC (Substantial Acquisition of shares and Takeovers), Rules, 2018.
- Buy Declaration of a Corporate Director
H. Akberali & Co. Limited, one of the Corporate Directors of the Company, has expressed its intention to buy 8,50,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days, as per Rule-4 of the BSEC (Substantial Acquisition of shares and Takeovers), Rules, 2018.
- H. Akberali & Co. Limited, one of the Corporate Directors of the Company, has further reported that it has completed its
H. Akberali & Co. Limited, one of the Corporate Directors of the Company, has further reported that it has completed its buying of 3,00,000 shares of the Company at prevailing market price through Stock Exchange (CSE) as per declaration disseminated on 23.11.2021.
- Buy Confirmation of a Corporate Director
H. Akberali & Co. Limited, one of the Corporate Directors of the Company, has further reported that it has completed its buying of 7,50,000 shares of the Company at prevailing market price through Stock Exchange (DSE) as per declaration disseminated on 17.11.2021.
- Buy declaration of a Corporate Director
H. Akberali & Co. Limited, one of the Corporate Directors of BSRM Steels Limited, has expressed its intention to buy 3,00,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (CSE) within next 30 working days, as per Rule-4 of the BSEC (Substantial Acquisition of shares and Takeovers), Rules, 2018.
- Resumption after record date
Trading of the shares of the Company will resume on 21.11.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2021.
- Buy Declaration of a Corporate Director
H. Akberali & Co. Limited, one of the Corporate Directors of the Company, has expressed its intention to buy 7,50,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days, as per Rule-4 of the BSEC (Substantial Acquisition of shares and Takeovers), Rules, 2018.
- Spot News
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 16.11.2021 to 17.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2021.
- (Q1 Un-audited): EPS was Tk. 2.89 for July-September 2021 as against Tk. 0.95 for July-September 2020. NOCFPS was Tk. 4.
(Q1 Un-audited): EPS was Tk. 2.89 for July-September 2021 as against Tk. 0.95 for July-September 2020. NOCFPS was Tk. 4.29 for July-September 2021 as against Tk. 5.82 for July-September 2020. NAV per share was Tk. 66.99 as on September 30, 2021 and Tk. 62.38 as on June 30, 2021.
- Q1 Financials
(Continuation news of BSRMSTEEL): Reasons for increase EPS: The basic Earnings Per Share for the quarter ended 30th September 2021 is Tk. 2.89 against Tk. 0.95 for the same period of previous year. The increase is primarily for higher sales volume, sales price and decrease of financial expense. (end)
The first part of this announcement is missing from the archive. - Conference on unaudited quarterly financial statements
The Company has informed that the Board of Directors of the Company has decided to call a web based conference on financial performance for the first quarter ended on September 30, 2021 as per following schedule - Date: November 16, 2021, Time: 4:30 PM, Venue: Digital Platform, Joining Link: https://bit.ly/3c3Ybxm, Passcode: bsrm@52.
- 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 11, 2021 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.
- Credit Rating Information and Services Limited (CRISL) has rated the Company as \"AA+\" in the long term and \"ST-2\" in
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 June 30, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- The Company has further informed that the operating and financial review is intended to convey the Management\'s perspec
The Company has further informed that the operating and financial review is intended to convey the Management\'s perspective on the financial and operating performance of the Company. During the year under review, the Company recorded a profit after tax of Tk. 3,047.00 Million against previous year profit of Tk. 742.00 Million. The increase is primarily for higher sales volume, increase of selling price and decrease of financial expenses. (cont. 1)
- (Continuation news of BSRMSTEEL): The analysis of major items of the financial statements are given below: i) During thi
(Continuation news of BSRMSTEEL): The analysis of major items of the financial statements are given below: i) During this year total revenue was increased as compared to previous year due to increase in sales volume and selling price. ii) The Company\'s operating Selling and Distribution expenses was decreased as compared to the previous year, primarily due to decrease in Advertisement and Marketing expenses in this pandemic situation. (cont. 2)
The first part of this announcement is missing from the archive. - (Continuation news of BSRMSTEEL): iii) The Company\'s financial expenses were decreased as compared to the previous year
(Continuation news of BSRMSTEEL): iii) The Company\'s financial expenses were decreased as compared to the previous year, primarily for reduction of interest rate and stimulus package. Due to low rate of interest, the Company have paid less interest on time and demand loan and syndicate loan compared to previous year. iv) Now BSRM Steel Mills Limited is no longer associate company of BSRM Steels Limited. It is financial asset as per IFRS 9. (cont. 3)
The first part of this announcement is missing from the archive. - (Continuation news of BSRMSTEEL): Since investment in associate has converted to investment in financial asset, the comp
(Continuation news of BSRMSTEEL): Since investment in associate has converted to investment in financial asset, the company has to record this asset at fair value as per requirement of lAS28. At the time of derecognition of investment in Associates, BSRM Steels limited recognized gain/loss (difference between fair value and carrying amounts) in profit & loss accounts. For this reason, the company recorded loss (1,012,671,667). (cont. 4)
The first part of this announcement is missing from the archive. - Dividend Declaration and other decision
(Cont. BSRMSTEEL): The board has approved revised capital investment of BDT 1,850 Crore against previous PSI dated October 15,2020 for BDT 700 crore for setting up of new bar and wire rolling and expansion of melting unit to enhance capacity of rolling by 6.00 lac M.ton per annum and melting 2.5 lac M.Ton per annum to cater the growing market demand for quality steel products. The expansion will be financed by own as well as Debt fund and expected to be ready for operation by the end of 2023. (End)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (24.10.2021) following its corporate declaration.
- Dividend Declaration (Additional Information)
(Continuation news of BSRMSTEEL): V) Total Income Tax expense has decreased by 19.52% from BDT 1,083.00 mn to BDT 872.00 ml due to impact of deferred tax. (end)
The first part of this announcement is missing from the archive. - 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 23, 2021 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
- Postponement of Board Meeting schedule under LR 16(1)
The Company has further informed that due to unavoidable circumstances, the meeting scheduled to be held on May 20 2021 at 4:00 PM as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021, has been postponed until further notice.
- 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 20 2021 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021.
- Interim Dividend Disbursement
The Company has informed that it has disbursed Interim Cash Dividend based on 6 months un-audited Financial Statements for the period ended on December 31, 2020 to the respective shareholders' Bank Accounts through BEFTN System.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 28.02.2021 for entitlement of interim dividend.
- Spot for Interim dividend entitlement
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 24.02.2021 to 25.02.2021. Trading of the shares of the Company will remain suspended on record date i.e., 28.02.2021 for entitlement of interim dividend.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.