C & A Textiles Limited announcements
153 Dhaka Stock Exchange announcements for C & A Textiles Limited (CNATEX) since 2015: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (47).
- Refer to the earlier news of the company disseminated by DSE on 20.11.2023 regarding dividend declaration, the Company h
Refer to the earlier news of the company disseminated by DSE on 20.11.2023 regarding dividend declaration, the Company has further informed that, due to unavoidable circumstances, the AGM of the Company will be held on December 28, 2023 at 7:00 PM instead of earlier declared time at 5.00 PM. Virtual AGM Link: https://cnatex22ndagm.digitalagmbd.net. Other information of the AGM will remain unchanged.
- Trading of the shares of the company will resume on 07.12.2023.
Trading of the shares of the company will resume on 07.12.2023.
- Trading of the shares of the company will remain suspended on record date i.e., 06.12.2023.
Trading of the shares of the company will remain suspended on record date i.e., 06.12.2023.
- Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled
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 04.12.2023 to 05.12.2023 and trading of the shares will remain suspended on record date i.e., 06.12.2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (20.11.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration
The Board of Directors has recommended 0.50% Cash Dividend (Tk. 0.05 per share) for each ordinary share only for general shareholders other than Sponsors/Directors for the year ended June 30, 2023. Date of AGM: 28.12.2023, Time: 5:00 PM, Venue: Digital Platform. Record Date: 06.12.2023. The Company has also reported EPS of Tk. 0.19, NAV per share of Tk. (3.81) and NOCFPS of Tk. 0.03 for the year ended June 30, 2023 as against Tk. 0.10, Tk. (3.61) and Tk. 0.04 respectively for the year ended June 30, 2022.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.08 for July-September 2023 as against Tk. (0.03) for July-September 2022. NOCFPS was Tk. 0.04 for July-September 2023 as against Tk. 0.008 for July-September 2022. NAV per share was Tk. (3.73) as on September 30, 2023 and Tk. (3.81) as on June 30, 2023.
- Dividend Declaration (Additional Information)
The Company has further informed that the Sponsors/Directors hold 17,000,000 shares out of total 239,316,000 shares of the Company and the Cash Dividend payable to the general shareholders is Tk. 11,115,800.00.
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that, the Board meeting under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on November 19, 2023 at 6:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
- 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 19, 2023 at 7:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2023.
- Postponement of Board Meeting under LR 19(1)
The Company has further informed that due to unavoidable circumstances, the meeting scheduled to be held on October 28, 2023 at 6:00 PM as per LR 19(1) of the DSE (Listing) Regulations, 2015, to consider, among others, audited financial statements of the Company for the year ended June 30, 2023, has been postponed.
- 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 28, 2023 at 6:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
- (Repeat news): The auditor of the C & A Textiles Limited gave the \"Disclaimer of Opinion\" in the Auditor\'s Report for
(Repeat news): The auditor of the C & A Textiles Limited gave the \"Disclaimer of Opinion\" in the Auditor\'s Report for the year ended June 30, 2022. \"Basis for Disclaimer of Opinion: (1) As disclosed in Note 07 for Trade and Other Receivable Taka 40,00,000.00, Note 08 for Advance, Deposit and prepayment Taka 20,07,20,413.00, Note 10 for Cash and Cash Equivalents for Taka 1,42,25,615/-, (cont.1)
- (Continuation news of CNATEX): Note 11 for Share Capital Taka 2,39,31,60,000.00, Note 13 for Suspense Accounts Tk. (1,86
(Continuation news of CNATEX): Note 11 for Share Capital Taka 2,39,31,60,000.00, Note 13 for Suspense Accounts Tk. (1,86,19,55,347.00), Note 14 for Long Term Borrowings Tk. 1,36,52,26,634.00, Note 15 for Short Term Borrowings Tk. 88,09,83,219.00, Note 18 for Sales Revenue Tk. 1,35,70,242.00 and Note 19 for Cost of Goods Sold Taka 11,08,74,083.00 to the financial statements, the company have not provided us sufficient appropriate audit evidence against the aforementioned amounts. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of CNATEX): (2) As disclosed in note nill the Company has reported an amount of BDT 8,44,95,748.00 as
(Continuation news of CNATEX): (2) As disclosed in note nill the Company has reported an amount of BDT 8,44,95,748.00 as Share Money Deposit. As per FRC Circular 146/FRC/Admin/Gazette/2020/01 dated 11 February 2020, any amount shown as a share money deposit in the statements of financial position it should be converted into share capital within the six months. (3) Note 2.03 to the Financial Statements (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of CNATEX): describe despite being experiencing unfavorable operating results, insufficient cash gene
(Continuation news of CNATEX): describe despite being experiencing unfavorable operating results, insufficient cash generation for debt servicing and uncertainty in revenue generation the Financial Statements are prepared based on the going concern concept due to having the Company\'s business plan & adequate resources to continue its operations in the foreseeable future. In our view the Company\'s continuous (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of CNATEX): unfavorable financial performance and cash generation ability, failed to provide future b
(Continuation news of CNATEX): unfavorable financial performance and cash generation ability, failed to provide future business plan and uncertain to pay the Bank loan for a number of years indicate that a material uncertainty exist that may cast significant doubt on the company\'s ability to continue as a going concern. As a result, we were unable to opine whether the financial statements present fairly or not.\" (end)
The first part of this announcement is missing from the archive. - Category Change
The Company will be placed in 'B' category from existing 'Z' category with effect from October 22, 2023 as the Company has reported disbursement of 0.40% Cash Dividend for the year ended June 30, 2022.
- Prohibition on providing loan facilities to purchase securities
DSE NEWS: The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase the securities of C & A Textiles Limited in between 1st to 7th trading days following the change of categorization, with effect from October 22, 2023 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2022 to the respective shareholders.
- The auditor of the company has given \"Disclaimer of Opinion\" paragraphs in the Auditor\'s Report of \"C & A Textiles L
The auditor of the company has given \"Disclaimer of Opinion\" paragraphs in the Auditor\'s Report of \"C & A Textiles Limited\" for the year ended 30 June, 2017-2022. Please visit the following links to view the details: 1. Link for the year ended 30 June, 2017: https://www.dsebd.org/assets/pdf/Auditor\%20Report\%20of\%20C&A2017.pdf 2. Link for the year ended 30 June, 2018: https://www.dsebd.org/assets/pdf/Auditor\%20Report\%20of\%20C&A2018.pdf (cont.)
- Disclaimer of Opinion in Auditor's Report for the year ended 2017-2022
(Continuation news of CNATEX): 3. Link for the year ended 30 June, 2019: https://www.dsebd.org/assets/pdf/Auditor%20Report%20of%20C&A2019.pdf 4. Link for the year ended 30 June, 2020: https://www.dsebd.org/assets/pdf/Auditor%20Report%20of%20C&A2020.pdf 5. Link for the year ended 30 June, 2021: https://www.dsebd.org/assets/pdf/Auditor%20Report%20of%20C&A2021.pdf 6. Link for the year ended 30 June, 2022: https://www.dsebd.org/assets/pdf/Auditor%20Report%20of%20C&A2022.pdf (end)
The first part of this announcement is missing from the archive. - Resumption after record date
Trading of the shares of the company will resume on 01.08.2023.
- Suspension for Record date
Trading of the shares of the company will be suspended on record date i.e., 31.07.2023.
- 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 26.07.2023 to 30.07.2023, and trading of the shares will be suspended on record date i.e., 31.07.2023.
- The board of directors has recommended cash dividend 0.40\% (Tk. 0.04 per share) for each ordinary share only for the ge
The board of directors has recommended cash dividend 0.40\% (Tk. 0.04 per share) for each ordinary share only for the general shareholders other than sponsors/directors for the year ended June 30, 2022. The said dividend has been recommended from the sales of scrap and garments left over found in the factory during renovation process. (cont.)
- The company has informed that the board of the company has approved the decision of amalgamation of C&A Textiles Ltd. wi
The company has informed that the board of the company has approved the decision of amalgamation of C&A Textiles Ltd. with Alif Industries Ltd (AIL) another public limited company listed in Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange PLC., whereby C&A Textiles Ltd. will get amalgamated with the AIL as per Bangladesh Securities and Exchange Commission Consent Letter No. BSEC/SRMIC/64/2015/246 dated October 7, 2021, (cont.)
- The company has informed that it has got waiver of bank interest of BDT 15,01,05,500 for the year ended June 30, 2022, w
The company has informed that it has got waiver of bank interest of BDT 15,01,05,500 for the year ended June 30, 2022, which reflects in the profit and loss account for the year 2021-2022 and it has got waiver of bank interest of BDT 13,67,19,636 for the third quarter ended March 31, 2023, which reflects in the profit and loss account for the third quarter (Q3) 2022-2023. Total bank waiver stood BDT 286,825,136. The company has also informed (cont.1)
- (Continuation news of CNATEX): that the revenue shown in the company\'s profit and loss account up to the 3rd quarter wa
(Continuation news of CNATEX): that the revenue shown in the company\'s profit and loss account up to the 3rd quarter was derived from the residual sales of the trial production and others. The company has also informed that the board of the company has approved to transfer/sale of entire number of shares of the existing shareholding directors of C&A Textiles Ltd. to the new board of directors. (cont.2)
The first part of this announcement is missing from the archive. - Regarding waiver of bank interest, transfer of shares and recruitment
(Continuation news of CNATEX): Accordingly, due application is to be made to Bangladesh Securities and Exchange Commission (BSEC). The company has further informed that process for bulk production of the company is in progress. The board has approved to recruit 579 staff and worker for garments unit and 200 staff and workers for Textiles unit. (end)
The first part of this announcement is missing from the archive. - Board approval regarding the scheme of amalgamation
(Continuation news of CNATEX): and upon completion of the amalgamation, AIL shall be the surviving entity. The approval is subject to requisite approval of the scheme of amalgamation by the banks, other creditors and shareholders of the company and other stakeholders and sanction of the scheme of amalgamation by the Hon'ble High Court Division of the Supreme Court of Bangladesh. (end)
The first part of this announcement is missing from the archive. - Dividend Declaration for the year ended June 30, 2018
The Board of Directors has recommended No dividend for the year ended June 30, 2018. Date of AGM: 08.08.2023, Time of AGM: 1:00 PM, Venue: Factory Premises at Plot: 61, 62, 66, 67, 68, 72 and 73 BCIC Industrial Estate, Kalurghat, (Ext), Chittagong. Record Date: 31.07.2023. The Company has also reported EPS of Tk. (1.59), NAV per share of Tk. 3.57 and NOCFPS of Tk. 0.02 for the year ended June 30, 2018 as against Tk. (2.27), Tk. 5.66 and Tk. (0.666) respectively for the year ended June 30, 2017.
- Dividend Declaration for the year ended June 30, 2017
The Board of Directors has recommended No dividend for the year ended June 30, 2017. Date of AGM: 08.08.2023, Time of AGM: 12:00 PM, Venue: Factory Premises at Plot: 61, 62, 66, 67, 68, 72 and 73 BCIC Industrial Estate, Kalurghat, (Ext), Chittagong. Record Date: 31.07.2023. The Company has also reported EPS of Tk. (2.27), NAV per share of Tk. 5.66 and NOCFPS of Tk. (0.666) for the year ended June 30, 2017 as against Tk. 1.14, Tk. 15.21 and Tk. 1.278 respectively for the year ended June 30, 2016.
- Dividend Declaration for the year ended June 30, 2021
The Board of Directors has recommended No dividend for the year ended June 30, 2021. Date of AGM: 08.08.2023, Time of AGM: 4:00 PM, Venue: Factory Premises at Plot: 61, 62, 66, 67, 68, 72 and 73 BCIC Industrial Estate, Kalurghat, (Ext), Chittagong. Record Date: 31.07.2023. The Company has also reported EPS of Tk. (5.07), NAV per share of Tk. (4.06) and NOCFPS of Tk. 0.00 for the year ended June 30, 2021 as against Tk. (1.28), Tk. 1.01 and Tk. 0.00 respectively for the year ended June 30, 2020.
- Dividend Declaration for the year ended June 30, 2020
The Board of Directors has recommended No dividend for the year ended June 30, 2020. Date of AGM: 08.08.2023, Time of AGM: 3:00 PM, Venue: Factory Premises at Plot: 61, 62, 66, 67, 68, 72 and 73 BCIC Industrial Estate, Kalurghat, (Ext), Chittagong. Record Date: 31.07.2023. The Company has also reported EPS of Tk. (1.28), NAV per share of Tk. 1.01 and NOCFPS of Tk. 0.00 for the year ended June 30, 2020 as against Tk. (1.28), Tk. 2.28 and Tk. (0.02) respectively for the year ended June 30, 2019.
- Dividend Declaration for the year ended June 30, 2019
The Board of Directors has recommended No dividend for the year ended June 30, 2019. Date of AGM: 08.08.2023, Time of AGM: 2:00 PM, Venue: Factory Premises at Plot: 61, 62, 66, 67, 68, 72 and 73 BCIC Industrial Estate, Kalurghat, (Ext), Chittagong. Record Date: 31.07.2023. The Company has also reported EPS of Tk. (1.28), NAV per share of Tk. 2.28 and NOCFPS of Tk. (0.02) for the year ended June 30, 2019 as against Tk. (1.59), Tk. 3.57 and Tk. 0.02 respectively for the year ended June 30, 2018.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.52 for January-March 2023 as against Tk. (0.10) for January-March 2022; EPS was Tk. 0.46 for July 2022-March 2023 as against Tk. (0.33) for July 2021-March 2022. NOCFPS was Tk. 0.007 for July 2022-March 2023 as against Tk. 0.04 for July 2021-March 2022. NAV per share was Tk. (3.08) as on March 31, 2023 and Tk. (3.61) as on June 30, 2022.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.03) for July-September 2022 as against Tk. (0.12) for July-September 2021. NOCFPS was Tk. 0.008 for July-September 2022 as against Tk. 0.00 for July-September 2021. NAV per share was Tk. (3.62) as on September 30, 2022 and Tk. (3.61) as on June 30, 2022.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (23.07.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration for the year ended June 30, 2022
(Continuation news of CNATEX): Date of AGM: 08.08.2023, Time of AGM: 5:00 PM, Venue: Factory Premises at Plot: 61, 62, 66, 67, 68, 72 and 73 BCIC Industrial Estate, Kalurghat, (Ext), Chittagong. Record Date: 31.07.2023. The Company has also reported EPS of Tk. 0.10, NAV per share of Tk. (3.61) and NOCFPS of Tk. 0.04 for the year ended June 30, 2022 as against Tk. (5.07), Tk. (4.06) and Tk. 0.00 respectively for the year ended June 30, 2021. (end)
The first part of this announcement is missing from the archive. - Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.03) for October-December 2022 as against Tk. (0.11) for October-December 2021; EPS was Tk. (0.06) for July-December 2022 as against Tk. (0.23) for July-December 2021. NOCFPS was Tk. 0.012 for July-December 2022 as against Tk. 0.00 for July-December 2021. NAV per share was Tk. (3.63) as on December 31, 2022 and Tk. (3.61) as on June 30, 2022.
- Reschedule of Board Meeting for adoption of Annual Financial Statements
Refer to the earlier news disseminated by DSE on 12.07.2023 regarding Board meeting schedule for adoption of Annual Financial Statements, the Company has further informed that the board meeting will be held on July 20, 2023 at 5:00 PM instead of July 17, 2023 to consider, among others, audited financial statements of the Company for the year ended June 30 of 2017, 2018, 2019, 2020, 2021 and 2022.
- Reschedule of Board Meeting under LR 16(1)
The Company has further informed that the meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on July 20, 2023 at 6:00 PM instead of July 17, 2023 to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022; Second Quarter (Q2) period ended December 31, 2022 and Third Quarter (Q3) period ended March 31, 2023 respectively.
- 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 July 17, 2023 at 6:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022; Second Quarter (Q2) period ended December 31, 2022 and Third Quarter (Q3) period ended March 31, 2023 respectively.
- Board Meeting schedule for adoption of Annual Financial Statements
Refer to the earlier news disseminated 21.06.2023 regarding Court Order to hold pending AGMs, the company has further informed that in line with the Judgment of honorable High Court Division of Supreme Court (Company Matter no 302 of 2022) dated June 15, 2023, a meeting of the Board of the Directors of the company will be held on July 17, 2023 at 5:00 PM to consider among others audited financial statements of the company for the year ended June 30 of 2017, 2018, 2019, 2020, 2021 and 2022.
- The company has informed that the Hon\'ble High Court division of Supreme Court has provided judgment and order to Manag
The company has informed that the Hon\'ble High Court division of Supreme Court has provided judgment and order to Managing Director of the company to call, conduct and hold the AGMs of the company for the calendar years 2017 to 2022 upon scheduling the date, time and place of the AGMs of the company for the Calendar years 2017 to 2022 within 8 (eight) weeks from the date of drawing up of this Judgement and Order. (cont.)
- Court order to hold pending AGMs
(Continuation news of CNATEX): The time, date and place of board meeting to hold these pending AGMs will be duly informed later. The company has further informed that it has completed commissioning and testing of all machineries for both garments and textiles divisions, and also has completed trial production. The bulk production of both garments and textiles division is expected to start after Eid-ul-Adha. (end)
The first part of this announcement is missing from the archive.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.