Dhaka Electric Supply Company Limited announcements
295 Dhaka Stock Exchange announcements for Dhaka Electric Supply Company Limited (DESCO) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (23).
- The company has informed that the Board of Directors of the company in its meeting held on 05 December 2023 recommended
The company has informed that the Board of Directors of the company in its meeting held on 05 December 2023 recommended some special resolutions for adoption of the shareholders in next Annual General Meeting in order to issue Preference Shares against GOB equity. a. Clause III(c)(8)(v) of Memorandum of Association and Clause 8 of Articles of Association of the company: Proposed: The Authorized Shares Capital of the Company is only (cont.1)
- (Continuation news of DESCO): Tk. 2000,00,00,000 divided into 50,00,00,000 ordinary shares amounting Tk. 500,00,00,000 o
(Continuation news of DESCO): Tk. 2000,00,00,000 divided into 50,00,00,000 ordinary shares amounting Tk. 500,00,00,000 of Tk. 10 each and 150,00,00,000 preference shares amounting Tk. 1,500,00,00,000 of Tk. 10 each. b. Resolved that the consent of the members of the company be and is hereby accorded for issuance of the 60,76,93,513 nos of Irredeemable Non-Cumulative Preference Share of Tk. 10 each amounting (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of DESCO): Tk. 607,69,35,130 in favour of Secretary, Power Division, Ministry of Power, Energy and Mi
(Continuation news of DESCO): Tk. 607,69,35,130 in favour of Secretary, Power Division, Ministry of Power, Energy and Mineral Resources (MPEMR), Government of Bangladesh with following dividend rate against GoB Equity as per letter Power Division, MPEMR under memo no-27.00.0000.088.36.002.20.648 Dated- 11/09/2023 subject to approval of the Bangladesh Securities and Exchange Commission (BSEC) and complying with relevant laws and rules etc. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of DESCO): Dividend of Preference share = [Preference Share Capital / (Ordinary Share Capital + Prefe
(Continuation news of DESCO): Dividend of Preference share = [Preference Share Capital / (Ordinary Share Capital + Preference share capital)] * 15\% of the Net Profit After Tax. (end)
The first part of this announcement is missing from the archive. - Change of contact details of Company Secretary
The Company has updated the contact number for the Company Secretary, which is now 02-8900330, replacing the previous one.
- Resumption after Record date
Trading of the shares of the company will resume on 26.11.2023.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 23.11.2023.
- 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 21.11.2023 to 22.11.2023 and trading of the shares will remain suspended on record date i.e., 23.11.2023.
- The auditor of the company has given the \"Qualified Opinion and Emphasis of Matter\" paragraphs in the Auditor\'s Repor
The auditor of the company has given the \"Qualified Opinion and Emphasis of Matter\" paragraphs in the Auditor\'s Report of the company for the year ended June 30, 2023. To view the details, please visit: https://www.dsebd.org/assets/pdf/EM\%20of\%20Dhaka\%20Electric\%20Supply\%20Company\%20Limited\%20(DESCO)\%20for\%20the\%20year\%20ended\%20on\%2030\%20June\%202023..pdf
- (Q1 Un-audited): EPS was Tk. (3.82) for July-September 2023 as against Tk. 0.29 for July-September 2022; NOCFPS was Tk.
(Q1 Un-audited): EPS was Tk. (3.82) for July-September 2023 as against Tk. 0.29 for July-September 2022; NOCFPS was Tk. 2.94 for July-September 2023 as against Tk. 5.82 for July-September 2022. NAV per share was Tk. 46.81 as on September 30, 2023 and Tk. 50.62 as on June 30, 2023. Reasons for deviation in EPS and NOCFPS: (cont.)
- Q1 Financials
(Cont. News of DESCO): EPS has decreased due to foreign exchange fluctuation loss and sharp fall in distribution revenue due to the disproportional increase in bulk and retail tariff (electricity price). In the un-audited financial period, bulk tariff increased by 28.08% while retail tariff increased by 15.76%. NOCFPS has been decreased due to lower receipt from distribution revenue. (end)
The first part of this announcement is missing from the archive. - 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 14, 2023 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2023.
- Announcement of 27th AGM date of the company
Refer to their earlier news disseminated by DSE on 16.10.2023 regarding dividend declaration, the company has further informed that the 27th AGM of the company will be held on January 27, 2024. Time: 10:00 AM, Venue: Digital Platform. Other information will remain unchanged.
- The Board of Directors has recommended 10\% cash dividend for the ordinary shareholders except sponsor shareholder for t
The Board of Directors has recommended 10\% cash dividend for the ordinary shareholders except sponsor shareholder for the year ended June 30, 2023. Record Date: 23.11.2023. Date of AGM will be notified later. The Company has also reported EPS of Tk. (13.61), NAV per share of Tk. 50.62 and NOCFPS of Tk. 8.72 for the year ended June 30, 2023 as against Tk. 1.59, Tk. 65.96 and Tk. 13.09 respectively for the year ended June 30, 2022. (cont.)
- Dividend Declaration
(Continuation news of DESCO): Reasons for significant deviations: EPS has decreased significantly due to Foreign Exchange Fluctuation Loss and sharp fall in distribution revenue due to the disproportional increase in bulk and retail tariff (electricity price) and in the audited financial year, bulk tariff increased by 28.08% while retail tariff increased by 15.76%. (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 (16.10.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration (Additional Information)
The company has further informed the following: Quantity of shares of sponsor: 26,89,88,757 shares. Quantity of shares of Ordinary Shareholders: 12,85,81,047 shares. Dividend payable to Ordinary Shareholders: Tk. 12,85,81,047.00
- 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 15, 2023 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
- (Q3 Un-audited): EPS was Tk. (3.65) for January-March 2023 as against Tk. 0.05 for January-March 2022; EPS was Tk. (3.44
(Q3 Un-audited): EPS was Tk. (3.65) for January-March 2023 as against Tk. 0.05 for January-March 2022; EPS was Tk. (3.44) for July 2022-March 2023 as against Tk. 0.56 for July 2021-March 2022. NOCFPS was Tk. 1.75 for July 2022-March 2023 as against Tk. 7.21 for July 2021-March 2022. NAV per share was Tk. 62.45 as on March 31, 2023 and Tk. 65.96 as on June 30, 2022. (cont.)
- Q3 Financials
(Continuation news of DESCO): Reasons for deviation: EPS has been decreased significantly compared to last year due to asymmetric increase in bulk/purchase tariff rate than retail tariff rate. NOCFPS has been decreased in the FY 2022-23 compare to last FY due to increase in interest payment, employee expenses and decrease in other operating incomes. (end)
The first part of this announcement is missing from the archive. - 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 April 30, 2023 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2023.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2022 to the respective shareholders.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.08) for October-December 2022 as against Tk. 0.37 for October-December 2021; EPS was Tk. 0.21 for July-December 2022 as against Tk. 0.51 for July-December 2021. NOCFPS was Tk. 3.59 for July-December 2022 as against Tk. 4.82 for July-December 2021. NAV per share was Tk. 66.08 as on December 31, 2022 and Tk. 65.96 as on June 30, 2022.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.